Printer Friendly

ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF ONE MILLION SHARES OF COMMON STOCK

         ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF ONE
                     MILLION SHARES OF COMMON STOCK
    CARLSBAD, Calif., Dec. 5 /PRNewswire/ -- Isis Pharmaceuticals, Inc. (NASDAQ: ISIP) announced today the public offering of one million shares of its common stock at $12.50 per share.  (1,1500,000 shares of common stock if the underwriters' over-allotment option is exercised in full).
    Of the one million shares being offered, 800,000 are being offered initially in the United States by an underwriting group managed by Lehman Brothers, PaineWebber Incorporated and Daiwa Securities America Inc., and 200,000 shares are being offered initially outside the United States by Lehman Brothers International, PaineWebber International and Daiwa Europe Limited.
    The company plans to use the net proceeds of the offering for research and development, including preclinical and clinical testing, production of compounds, facilities expansion and other general corporate purposes.
    Isis Pharmaceuticals, Inc., based in Northern San Diego County, is engaged in the research and development of a new class of pharmaceutical products based on antisense technology.
    A copy of the prospectus may be obtained from the offices of Lehman Brothers, World Financial Center, American Express Tower, New York, N.Y. 10285 (in Europe, One Broadgate, London, England  EC2M7HA); PaineWebber Incorporated, 1285 Avenue of the Americas, New York, N.Y. 10019; and Daiwa Securities America Inc., One World Financial Center, 200 Liberty Street, New York, N.Y. 10281.
    -0-        12/5/91
    /CONTACT:  Yasunori Kaneko, M.D., of Isis Pharmaceuticals, 619-931-9200, or Anthony J. Russo, Ph.D. or Deborah J. Lawson of Noonan/Russo Communications, 212-979-9180 for Isis Pharmaceuticals/
    (ISIP) CO:  Isis Pharmaceuticals Inc. ST:  California IN:  MTC SU:  OFR SM-KW -- NY030 -- 9573 12/05/91 10:18 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 5, 1991
Words:279
Previous Article:TELTECH NAMED TO PROVIDE TECHNOLOGY ACCESS SERVICES FOR TWO STATE PROGRAMS
Next Article:DAYTON HUDSON NOVEMBER SALES UP 2.7 PERCENT
Topics:


Related Articles
ISIS PHARMACEUTICALS FILES PUBLIC OFFERING FOR 2 MILLION SHARES OF COMMON STOCK
ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF ONE MILLION SHARES OF COMMON STOCK
ISIS PHARMACEUTICALS FILES PUBLIC OFFERING FOR 2.5 MILLION SHARES OF COMMON STOCK
ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF TWO MILLION FIVE HUNDRED THOUSAND SHARES OF COMMON STOCK
/C O R R E C T I O N -- ISIS PHARMACEUTICALS/
ISIS PHARMACEUTICALS ANNOUNCES $17.7 MILLION PRIVATE PLACEMENT
ISIS COMPLETES $20.3 MILLION FINANCING
ISIS COMPLETES LAST STAGE OF RECENT EQUITY FINANCING
ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF 3 MILLION SHARES OF COMMON STOCK
ISIS PHARMACEUTICALS ANNOUNCES PUBLIC OFFERING OF 2.5 MILLION SHARES OF COMMON STOCK

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters