Heron Therapeutics Announces Public Offering of Common Stock

From Startup Heron Therapeutics

Link to Full Article: https://herontherapeutics.gcs-web.com/news-releases/news-release-details/heron-therapeutics-announces-public-offering-common-stock-0

SAN DIEGO, Calif.–(BUSINESS WIRE)–Jun. 25, 2018–
Heron Therapeutics, Inc. (“Heron”) (NASDAQ: HRTX), a commercial-stage
biotechnology company focused on improving the lives of patients by
developing best-in-class treatments to address some of the most
important unmet patient needs, today announced an underwritten public
offering of approximately $200 million of shares of its common stock. In
addition, Heron has granted the underwriter of the offering a 30-day
option to purchase up to an additional approximately $30 million of
shares of its common stock. All of the shares of common stock in the
offering are to be sold by Heron.

Heron intends to use the proceeds from the proposed sale of its shares
of common stock for the commercial launch of HTX-011, if approved by the
U.S. Food and Drug Administration, the continued commercialization and
marketing of SUSTOL® and CINVANTI®, the company’s
ongoing and future clinical trials, including further clinical studies
for HTX-011, preclinical development work, other product development
activities and general corporate purposes.

Jefferies is acting as sole book-running manager for the offering.

The offering is being made pursuant to a registration statement that was
filed with the U.S. Securities and Exchange Commission and became
automatically effective on July 6, 2017. The securities described above
have not been qualified under any state blue sky laws. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall 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. Copies of the final prospectus supplement (when available)
and accompanying prospectus relating to these securities may also be
obtained by sending a request to Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, New York 10022, by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.

Forward-Looking Statements

This news release contains “forward-looking statements” as defined by
the Private Securities Litigation Reform Act of 1995. Heron cautions
readers that forward-looking statements are based on management’s
expectations and assumptions as of the date of this news release and are
subject to certain risks and uncertainties that could cause actual
results to differ materially, including, but not limited to, those
associated with: its capital position and the sufficiency of its capital
to fund its operations in future periods; its use of the net proceeds of
the proposed public offering; and other risks and uncertainties
identified in its filings with the U.S. Securities and Exchange
Commission. Forward-looking statements reflect its analysis only on
their stated date, and Heron undertakes no obligation to update or
revise these statements except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180625006206/en/
Source: Heron Therapeutics, Inc.
Investor Relations Contact:Heron Therapeutics, Inc.David
Szekeres, 858-251-4447Senior Vice President, General Counsel,
Business Development & Corporate Secretarydszekeres@herontx.comandCorporate
Contact:Heron Therapeutics, Inc.David Szekeres,
858-251-4447Senior Vice President, General Counsel, Business
Development & Corporate Secretarydszekeres@herontx.com

Please visit their site for more information: Heron Therapeutics.com

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2018-07-12 05:02:52