NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS; “NewAmsterdam” or
the “Company”), a late-stage, clinical biopharmaceutical company
developing oral, non-statin medicines for patients at risk of
cardiovascular disease (“CVD”) with elevated low-density
lipoprotein cholesterol (“LDL-C”), for whom existing therapies are
not sufficiently effective or well-tolerated, today announced the
commencement of an underwritten public offering of $300.0 million
of the Company’s ordinary shares, nominal value €0.12 per share
(the “Ordinary Shares”), and, to certain investors that so choose
in lieu of Ordinary Shares, pre-funded warrants to purchase
Ordinary Shares (“Pre-Funded Warrants,” and such offering, the
“Offering”). All Ordinary Shares and Pre-Funded Warrants to be sold
in the proposed Offering will be sold by the Company. In addition,
the Company expects to grant the underwriters a 30-day option to
purchase up to an additional $45.0 million of Ordinary Shares, less
underwriting discounts and commissions. The proposed Offering is
subject to market and other conditions and there can be no
assurance as to whether or when the proposed Offering may be
completed, or as to the actual size or terms of the proposed
Offering.
Jefferies, Goldman Sachs & Co., Leerink Partners, TD Cowen,
Guggenheim Securities and William Blair are acting as joint
book-running managers for the proposed Offering.
The proposed Offering will be made pursuant to a registration
statement on Form S-3, including a base prospectus, that was
initially declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on July 12, 2024. The proposed Offering will
be made only by means of a prospectus supplement and an
accompanying prospectus, which will be filed with the SEC and will
be available on the SEC’s website located at www.sec.gov. A copy of
the preliminary prospectus supplement and the accompanying
prospectus, when available, may also be obtained from: Jefferies
LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, New York, NY 10022, or by telephone at (877) 821-7388, or
by email at Prospectus_Department@Jefferies.com; Goldman Sachs
& Co. LLC, Attention: Prospectus Department, 200 West Street,
New York, NY 10282, or by telephone at (866) 471-2526, or by email
at Prospectus-ny@ny.email.gs.com; Leerink Partners LLC, Attention:
Syndicate Department, 53 State Street, 40th Floor, Boston, MA
02109, or by telephone at (800) 808-7525, ext. 6105, or by email at
syndicate@leerink.com; TD Securities (USA) LLC, 1 Vanderbilt
Avenue, New York, NY 10017, or by telephone at (855) 495-9846, or
by email at TD.ECM_Prospectus@tdsecurities.com; Guggenheim
Securities, LLC, Attention: Equity Syndicate Department, 330
Madison Avenue, New York, NY 10017, or by telephone at (212)
518-9544, or by email at
GSEquityProspectusDelivery@guggenheimpartners.com; or William Blair
& Company, L.L.C., Attention: Prospectus Department, 150 North
Riverside Plaza, Chicago, IL 60606, or by telephone at (800)
621-0687, or by email at prospectus@williamblair.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any 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 NewAmsterdam
NewAmsterdam Pharma (Nasdaq: NAMS) is a late-stage
biopharmaceutical company whose mission is to improve patient care
in populations with metabolic diseases where currently approved
therapies have not been adequate or well-tolerated. We seek to fill
a significant unmet need for a safe, well-tolerated and convenient
LDL-lowering therapy. In multiple phase 3 studies, NewAmsterdam is
investigating obicetrapib, an oral, low-dose and once-daily CETP
inhibitor, alone or as a fixed-dose combination with ezetimibe, as
LDL-C lowering therapies to be used as an adjunct to statin therapy
for patients at risk of CVD with elevated LDL-C, for whom existing
therapies are not sufficiently effective or well-tolerated.
Forward-Looking Statements
Certain statements included in this document that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding the consummation of the proposed Offering as
well as the timing and size of the proposed Offering and the grant
to the underwriters of the option to purchase additional Ordinary
Shares. These statements are based on various assumptions, whether
or not identified in this document, and on the current expectations
of the Company’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as and
must not be relied on as a guarantee, an assurance, a prediction,
or a definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and may differ
from assumptions. Many actual events and circumstances are beyond
the control of the Company. These forward-looking statements are
subject to a number of risks and uncertainties, including changes
in domestic and foreign business, market, financial, political, and
legal conditions; risks related to the approval of the Company’s
product candidate and the timing of expected regulatory and
business milestones, including potential commercialization; ability
to negotiate definitive contractual arrangements with potential
customers; the impact of competitive product candidates; ability to
obtain sufficient supply of materials; global economic and
political conditions, including the Russia-Ukraine and Israel-Hamas
conflicts; the effects of competition on the Company’s future
business; and those factors described in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2023, as
supplemented by other documents filed by the Company with the SEC.
Additional risks related to the Company’s business include, but are
not limited to: uncertainty regarding outcomes of the Company’s
ongoing clinical trials, particularly as they relate to regulatory
review and potential approval for its product candidate; risks
associated with the Company’s efforts to commercialize a product
candidate; the Company’s ability to negotiate and enter into
definitive agreements on favorable terms, if at all; the impact of
competing product candidates on the Company’s business;
intellectual property related claims; the Company’s ability to
attract and retain qualified personnel; and the Company’s ability
to continue to source the raw materials for its product candidate.
If any of these risks materialize or the Company’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that the Company does not presently know or that
the Company currently believes are immaterial that could also cause
actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect the Company’s expectations, plans, or forecasts of future
events and views as of the date of this document and are qualified
in their entirety by reference to the cautionary statements herein.
The Company anticipates that subsequent events and developments may
cause the Company’s assessments to change. These forward-looking
statements should not be relied upon as representing the Company’s
assessment as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the forward-looking statements. Neither the Company nor any of
its affiliates undertakes any obligation to update these
forward-looking statements, except as may be required by law.
Company ContactMatthew PhilippeP:
1-917-882-7512 matthew.philippe@newamsterdampharma.com
Media ContactSpectrum Science on behalf of
NewAmsterdam PharmaJaryd
Leady P:1-856-803-7855jleady@spectrumscience.com
Investor ContactPrecision AQ on behalf of
NewAmsterdamAustin MurtaghP: 1-212-698-8696
austin.murtagh@precisionaq.com
NewAmsterdam Pharma Comp... (NASDAQ:NAMS)
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