Printer Friendly

ADVANCED MAGNETICS, INC. ANNOUNCES COMMON STOCK OFFERING

 ADVANCED MAGNETICS, INC. ANNOUNCES COMMON STOCK OFFERING
 CAMBRIDGE, Mass., Dec. 19 /PRNewswire/ -- Advanced Magnetics, Inc. (AMEX: AVM) announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of 1,750,000 shares of its common stock. Of the total, 1,062,500 shares will be offered by Advanced Magnetics and 687,500 shares will be offered by selling stockholders. The company has also granted the underwriters an option to purchase an additional 262,500 shares to cover over-allotments. PaineWebber Incorporated, The First Boston Corporation and Adams, Harkness & Hill, Inc. will co-manage the underwriting group for the offering.
 Copies of the premlinary prospectus for the offering may be obtained from Paine Webber Incorporated, 1285 Avenue of the Americas, New York, NY 10019; The First Boston Corporation, 55 E. 52nd St., New York, NY 10055; and Adams, Harkness, & Hill, Inc., One Liberty Square, Boston, MA 02109.
 Advanced Magnetics, Inc. is a medical diagnostics company involved in the development and manufacturing of contrast agents for magnetic resonance imaging and products for in-vitro clinical and research use based on proprietary magnetic colloid technology.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation 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 registration or qualification under the securities laws of any such state.
 -0- 12/19/91
 /CONTACT: Jerome Goldstein, president or Anthony Annese, vice president of finance both of Advanced Magnetics, 617-497-2070/
 (AVM) CO: Advanced Magnetics, Inc. ST: Massachusetts IN: CPR SU: OFR


DD-SD -- NE011 -- 3929 12/19/91 13:04 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 19, 1991
Words:324
Previous Article:CHRYSLER INTERNATIONAL SALES GROWTH CONTINUES: NOVEMBER SALES UP 19 PERCENT
Next Article:TEAM REPORTS RESULTS OF OPERATIONS FOR THE SECOND QUARTER OF FISCAL 1992
Topics:


Related Articles
ADVANCED MAGNETICS, INC. REPORTS FISCAL 1991 RESULTS
ADVANCED MAGNETICS, INC. CHANGES STOCK SYMBOL
STERLING WINTHROP INC. AND ADVANCED MAGNETICS, INC. ANNOUNCE MRI CONTRAST AGENT LICENSE AND MARKETING AGREEMENT
ADVANCED MAGNETICS WITHDRAWS PUBLIC OFFERING
ADVANCED MAGNETICS, INC. AUTHORIZES REPURCHASE OF STOCK
Advanced Magnetics, Inc. Announces Receipt of $5 Million Milestone Payment for U.S. Introduction of Feridex I.V.(TM) Contrast Agent
Advanced Magnetics, Inc. Authorizes Repurchase of Stock
Cytogen to Acquire Advanced Magnetics.
Advanced Magnetics, Inc. Announces Mutual Decision to Terminate its Acquisition by Cytogen.
Advanced Magnetics, Inc. Reports First Fiscal Quarter of 2002 Results And Restatement of Fiscal 2001; - Restatement of Fiscal 2001 Statements of...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters