Salarius Announces Proposed Public Offering of Common Stock
March 03 2021 - 4:05PM
Salarius Pharmaceuticals, Inc. (Nasdaq: SLRX), a clinical-stage
biopharmaceutical company developing potential new medicines for
patients with pediatric cancers, solid tumors, and other cancers,
today announced that it has commenced an underwritten public
offering of shares of its common stock. The offering is subject to
market and other conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
Ladenburg Thalmann & Co. Inc. is acting as
sole book-running manager in connection with the public
offering.
A shelf registration statement on Form S-3 (File
No. 333-231010) relating to the shares was filed with the
Securities and Exchange Commission (the “SEC”) and was declared
effective by the SEC on May 17, 2019. A copy of the preliminary
prospectus supplement and accompanying prospectus relating to the
offering, when available, may be obtained be obtained at the SEC’s
website at www.sec.gov or from Ladenburg Thalmann & Co. Inc.,
Attn: Prospectus Department, 640 Fifth Avenue, New York, NY 10019
or by email at prospectus@ladenburg.com.
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
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Salarius Pharmaceuticals, Inc.
Salarius Pharmaceuticals, Inc. is a
clinical-stage biopharmaceutical company developing cancer
therapies for patients in need of new treatment options. Salarius’
lead candidate, seclidemstat, is being studied as a potential
treatment for pediatric cancers, solid tumors and other cancers
with limited treatment options. Seclidemstat is currently in a
Phase 1/2 clinical trial for relapsed/refractory Ewing sarcoma, for
which it has received Fast Track Designation, Orphan Drug
Designation and Rare Pediatric Disease Designation from the U.S.
Food and Drug Administration. Salarius is also developing
seclidemstat for several cancers with high unmet medical need, with
a second clinical study in advanced solid tumors, including
prostate, breast, and ovarian cancers. Salarius has received
financial support from the National Pediatric Cancer Foundation to
advance the Ewing sarcoma clinical program and was also the
recipient of a Product Development Award from the Cancer Prevention
and Research Institute of Texas (CPRIT). For more information,
please visit salariuspharma.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the Private Securities Litigation Reform Act of
1995, including statements that relate to the offering, the
expected completion of the offering, and other information that is
not historical information. Actual results or developments may
differ materially from those projected or implied in these
forward-looking statements. Factors that may cause such a
difference include risks and uncertainties related to completion of
the public offering on the anticipated terms or at all, market
conditions, the impact of the COVID-19 pandemic, and the
satisfaction of customary closing conditions related to the public
offering. More information about the risks and uncertainties faced
by Salarius is contained in the sections captioned “Risk Factors”
in the preliminary prospectus supplement and the accompanying
prospectus related to the public offering filed with the SEC,
including the documents incorporated by reference therein. Salarius
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contact
Tiberend Strategic Advisors, Inc.Maureen McEnroe, CFA/Miriam
Weber Miller (investors)(212) 375-2664/
2694mmcenroe@tiberend.com/mmiller@tiberend.com
Johanna Bennett
(media)(212) 375-2686jbennett@tiberend.com
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