CAMBRIDGE, Mass., June 24, 2011 (GLOBE NEWSWIRE) -- Aegerion Pharmaceuticals, Inc. (Nasdaq:AEGR) announced the pricing of the underwritten public offering of 4,250,000 shares of its common stock at a price to the public of $15.50 per share. 3,250,000 of these shares are being offered by Aegerion and 1,000,000 of these shares are being offered by selling stockholders. Aegerion and the selling stockholders have granted the underwriters a 30-day option to purchase up to 637,500 additional shares to cover over-allotments, if any.
Jefferies & Company, Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers, with Leerink Swann LLC, Needham & Company, LLC and Collins Stewart LLC acting as co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the SEC. 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
This offering will be made only by means of a prospectus. Copies of the preliminary prospectus or, when available, the final prospectus for this offering may be obtained from the prospectus department of Jefferies & Company, Inc. at 520 Madison Avenue, New York, NY 10022, Attention: Syndicate Prospectus Department, or via telephone at (888) 449-2342; or from the prospectus department of Deutsche Bank Securities Inc. at 100 Plaza One, Jersey City, NJ 07311, Attention: Prospectus Department, via telephone at (800) 503-4611 or via e-mail at prospectus.cpdg@db.com.
About Aegerion Pharmaceuticals, Inc.
Aegerion Pharmaceuticals, Inc. (Nasdaq:AEGR) is an emerging biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat severe lipid disorders. The Company's lead product, lomitapide, is in Phase III clinical development. Lomitapide is initially being developed to treat patients with a rare genetic lipid disorder called homozygous familial hypercholesterolemia, or HoFH. The Company also plans to initiate a clinical program for lomitapide to treat patients with a severe genetic form of hypertriglyceridemia called familial chylomicronemia.
Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding expected regulatory filings for and commercialization of the Company's lead product candidate, lomitapide. The forward-looking statements in this release do not constitute guarantees of future performance. These statements are neither promises nor guarantees, and are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. The risks and uncertainties include the Company's history of operating losses; the Company's potential need for additional capital to fund operations and develop its product candidates; uncertainties associated with the clinical development and associated regulatory filings of the Company's product candidates, including the risk that the Company's regulatory filings may be delayed or may not be accepted by the applicable regulatory authorities; the risk that the Company's product candidates may not be approved for any indication or, if approved, the risk that the finally approved definition of the targeted patient populations for the Company's product candidates may be narrower than expected; risks associated with undesirable side effects experienced by some patients in clinical trials for the Company's product candidates; risks associated with the Company's lack of sales and marketing experience; the highly competitive industry in which the Company operates; risks associated with the Company's intellectual property rights and the extent to which such intellectual property rights protect the Company's product candidates; the risk that third parties may allege that the Company infringes their intellectual property rights or that the Company has failed to comply with the provisions of its in-license agreements; risks associated with the Company's reliance on third parties, in particular clinical research organizations and contract manufacturers; risks associated with the Company's ability to recruit, hire and retain qualified personnel; and risks associated with volatility in the Company's stock price as a newly public company. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by the Company, see the disclosure contained in the Company's public filings with the Securities and Exchange Commission, including the Company's recent Registration Statement on Form S-1/A under the heading "Risk Factors" and available on the SEC's website at http://www.sec.gov.