Connetics Announces Resale Registration Statement Covering Its 2.00% Convertible Senior Notes Due 2015.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Connetics Corporation (Nasdaq:CNCT CNCT Connect CNCT Certified Network Computer Technician ), a specialty pharmaceutical company focused on dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin. , announced that on August 30, 2005 the Securities and Exchange Commission declared effective the resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. registration statement covering Connetics' 2.00% Convertible Senior Notes due 2015 and the shares of common stock into which the Notes are convertible. The Convertible Notes were originally placed in private placements in March 2005. The registration statement was filed on behalf of the selling security holders and Connetics will not receive any proceeds from the resale of the Notes or the underlying common stock. This communication shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State. Press Release Code: (CNCT-G) |
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