Albireo Announces Proposed Public Offering of 3,000,000 Shares of Common Stock
September 08 2020 - 4:01PM
Albireo Pharma, Inc. (Nasdaq: ALBO), a clinical-stage orphan
pediatric liver disease company developing novel bile acid
modulators, announced today that it has commenced a proposed
underwritten public offering of 3,000,000 shares of its common
stock. In connection with the offering, Albireo intends to grant
the underwriters a 30-day option to purchase up to an additional
450,000 shares of common stock. All of the shares in the
offering will be sold by Albireo. 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.
Cowen and William Blair are acting as the joint
book-running managers and representatives of the underwriters for
the offering.
The offering will be made only by means of a
written prospectus and related prospectus supplement forming part
of a shelf registration statement on Form S-3 that was filed with
the Securities and Exchange Commission (SEC) on May 7, 2020 and
declared effective by the SEC on May 18, 2020. A preliminary
prospectus supplement and accompanying prospectus relating to and
describing the terms of the offering will be filed with the SEC and
will be available at the SEC’s website located at www.sec.gov,
copies of which may be obtained, when available, from Cowen and
Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by email
at PostSaleManualRequests@broadridge.com or by telephone at (833)
297-2926, or from William Blair & Company, L.L.C., Attention:
Prospectus Department, 150 North Riverside Plaza, Chicago, IL
60606, or by email at prospectus@williamblair.com or by telephone
at 1-800-621-0687.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or other jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Albireo
Albireo Pharma is a clinical-stage
biopharmaceutical company focused on the development of novel bile
acid modulators to treat orphan pediatric liver diseases, and other
liver and gastrointestinal diseases and disorders. Albireo’s lead
product candidate, odevixibat, is being developed to treat rare
pediatric cholestatic liver diseases and is in Phase 3 development
in progressive familial intrahepatic cholestasis (PFIC) and biliary
atresia, with a third Phase 3 trial being planned in Alagille
syndrome. Albireo was spun out from AstraZeneca in 2008. Albireo
Pharma is located in Boston, Massachusetts, and its key operating
subsidiary is located in Gothenburg, Sweden.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements,
other than statements of historical fact, regarding, among other
things, the proposed public offering of common stock. Albireo often
uses words such as “anticipates,” “believes,” “plans,” “expects,”
“projects,” “future,” “intends,” “may,” “will,” “should,” “could,”
“estimates,” “predicts,” “potential,” “planned,” “continue,”
“guidance,” and similar expressions to identify forward-looking
statements. Actual results, performance or experience may differ
materially from those expressed or implied by any forward-looking
statement as a result of various risks, uncertainties and other
factors, including, but not limited to: uncertainties related to
market conditions and the completion of the public offering on the
anticipated terms or at all, and other risks and uncertainties that
are described under the heading “Risk Factors” in Albireo’s
preliminary prospectus supplement to be filed with the SEC,
Albireo’s most recent Annual Report on Form 10-K or in subsequent
filings that it makes with the Securities and Exchange Commission.
As a result of risks and uncertainties that Albireo faces, the
results or events indicated by any forward-looking statement may
not occur. Albireo cautions you not to place undue reliance on any
forward-looking statement. In addition, any forward-looking
statement in this press release represents Albireo’s views only as
of the date of this press release and should not be relied upon as
representing its views as of any subsequent date. Albireo disclaims
any obligation to update any forward-looking statement, except as
required by applicable law.
Investor Contact:Hans
Vitzthum
LifeSci Advisors,
LLC
617-430-7578
Media Contact: Colleen Alabiso, 857-356-3905,
colleen.alabiso@albireopharma.com Claire LaCagnina, 6 Degrees,
315-765-1462, clacagnina@6degreespr.com
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