Auxilium Pharmaceuticals to Merge with Canadian Biotechnology Company QLT
Accelerates Auxilium's Ongoing Transformation Into Leading North American Specialty Biopharmaceutical Company
Canadian-Domiciled Structure Creates Stronger Financial Position, Competitive Partnering and M&A Platform
Platform Enables Continued Product and Therapeutic Diversification; Expands Geographic Footprint
CHESTERBROOK, Pa. and VANCOUVER, Canada, June 26, 2014 -- Auxilium Pharmaceuticals, Inc. (AUXL), a fully integrated specialty biopharmaceutical company, and QLT Inc. (QLTI) (QLT.TO), a Canadian-based biotechnology company focused on developing innovative orphan ophthalmology products, today announced that they have entered into a definitive agreement under which Auxilium plans to merge with QLT.
- Published: 26 June 2014
- Written by Editor
RANCHO CUCAMONGA, Calif., June 25, 2014 -- Amphastar Pharmaceuticals, Inc. (Amphastar) (AMPH), a specialty pharmaceutical company that focuses primarily on developing, manufacturing, marketing, and selling technically-challenging generic and proprietary injectable and inhalation products, today announced the pricing of its initial public offering of 8,000,000 shares of its common stock, including 3,360,000 shares from the selling stockholder named in the registration statement, at an initial public offering price of $7.00 per share for a total offering amount of $56,000,000 before deducting underwriting discounts and commissions, and estimated offering expenses payable by Amphastar. Amphastar will not receive any proceeds from the sale of the shares by the selling stockholder. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the initial public offering price. The shares are expected to begin trading on The NASDAQ Global Select Market on June 25, 2014 under the symbol "AMPH."
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