|[March 04, 2014]
Synageva Biopharma™ Announces a 2.00 Million Share Proposed Public Offering of Its Common Stock
LEXINGTON, Mass. --(Business Wire)--
Synageva BioPharma Corp. (Synageva) (NASDAQ:GEVA), a
biopharmaceutical company developing therapeutic products for rare
disorders, today announced that it intends to offer for sale 2.00
million shares of its common stock in an underwritten public offering.
In connection with this offering, Synageva expects to grant to the
underwriters a 30-day option to purchase up to an additional 300,000
shares of its common stock. If the underwriters exercise this option,
Synageva will have offered 2.30 million shares of its common stock.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, and Morgan Stanley &
Co. LLC are serving as book-running managers for the offering.
The securities described above are being offered by Synageva pursuant to
a Form S-3 shelf registration statement (including a base prospectus)
previously filed with the Securities and Exchange Commission (SEC (News - Alert)).
Before you invest, you should read the prospectus in the registration
statement and related prospectus supplement that Synageva has filed with
the SEC for more complete information about Synageva and this offering.
The preliminary prospectus supplement is available for free by visiting
EDGAR on the SEC's website located at www.sec.gov.
Copies of the preliminary prospectus supplement and accompanying
prospectus may also be obtained from the offices of Goldman, Sachs &
Co.; by mil, Attn: Prospectus Department, 200 West Street, New York, NY
10282; by facsimile: 212-902-9316; by email: email@example.com;
or by calling: 866-471-2526; J.P. Morgan Securities LLC, Attention:
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717 or by telephone: +1 (866) 803-9204; or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, by telephone: +1 (866) 718-1649 or by email: firstname.lastname@example.org.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor will there be any
sale of these securities in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction.
About Synageva BioPharma Corp.
Synageva is a biopharmaceutical company focused on the discovery,
development, and commercialization of therapeutic products for patients
with rare diseases for which there is a high unmet medical need.
Synageva's lead programs, sebelipase alfa and SBC-103, are both enzyme
replacement therapies for lysosomal storage diseases (LSD). The
company's additional pipeline programs targeting rare diseases consist
of other proteins at various stages of preclinical development.
This news release contains "forward-looking statements". Such statements
generally can be identified by the use of words such as "anticipate,"
"expect," "plan," "could," "intend," "believe," "may," "will,"
"estimate," "forecast," "project," or words of similar meaning. These
forward-looking statements address, among other matters, the completion,
timing and size of the proposed offering. Many factors may cause actual
results to differ materially from forward-looking statements, including
inaccurate assumptions and a broad variety of risks and uncertainties,
some of which are known, including those associated with market
conditions and the satisfaction of customary closing conditions related
to the proposed offering and the risks identified under the heading
"Risk Factors" in the Company's prospectus supplement filed with the
Securities and Exchange Commission (the "SEC") on September 23, 2013 and
other filings Synageva periodically makes with the SEC, and others of
which are not known. No forward-looking statement is a guarantee of
future results or events, and investors should avoid placing undue
reliance on such statements. Synageva undertakes no obligation to update
any forward-looking statements, whether as a result of new information,
future events or otherwise. Investors, potential investors, and others
should give careful consideration to these risks and uncertainties.
"Dedicated to Rare Diseases®" is a registered trademark of Synageva
BioPharma Corp. "Synageva BioPharma™" is a trademark of Synageva
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