Sunesis Announces Proposed Public Offering of Common Stock and Warrants
27 February 2014 - 8:13AM
Sunesis Pharmaceuticals, Inc. (Nasdaq:SNSS) today announced that it
intends to offer and sell, subject to market and other conditions,
shares of its common stock and warrants to purchase shares of its
common stock in an underwritten public offering. 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 Company, LLC and Cantor Fitzgerald & Co. are
acting as Joint Book-Running Managers in this offering.
The securities described above are being offered by Sunesis
pursuant to a shelf registration statement previously filed with
the Securities and Exchange Commission (the "SEC"), which the SEC
declared effective on April 30, 2013. A preliminary prospectus
supplement related to the offering will be filed with the SEC and
will be available on the SEC's website at http://www.sec.gov.
Copies of the preliminary prospectus supplement and the
accompanying prospectus relating to this offering may be obtained
on the SEC's website or from the offices of Cowen and Company, LLC
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Telephone: 631-274-2806, Fax: 631-254-7140; or
Cantor Fitzgerald & Co. 499 Park Avenue, New York, NY 10022,
Telephone: 212-829-7122.
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.
About Sunesis Pharmaceuticals
Sunesis is a biopharmaceutical company focused on the
development and commercialization of new oncology therapeutics for
the treatment of solid and hematologic cancers. Sunesis has built a
highly experienced cancer drug development organization committed
to advancing its lead product candidate, vosaroxin, in multiple
indications to improve the lives of people with cancer. For
additional information on Sunesis, please visit
http://www.sunesis.com.
SUNESIS and the logos are trademarks of Sunesis Pharmaceuticals,
Inc.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements that are subject to a number of risks
and uncertainties related to Sunesis' expectations with respect to
the completion, timing and size of the proposed public offering.
Words such as "anticipate," "believe," "expect," "intend," "will,"
"potential," and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
based upon Sunesis' current expectations. Forward-looking
statements involve risks and uncertainties. Sunesis' actual results
and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties, which include, without limitation, risks
related to market conditions and the satisfaction of customary
closing conditions related to the proposed offering, as well as
risks and uncertainties inherent in our business, including whether
additional funding will be available to complete the development
and commercialization of vosaroxin, risks related to Sunesis'
ability to raise the capital that it believes to be accessible and
is required to fully finance the development and commercialization
of vosaroxin, the risk that raising funds through lending
arrangements may restrict our operations or produce other adverse
results, the risk that Sunesis' development activities for
vosaroxin could be otherwise halted or significantly delayed for
various reasons, the risk that Sunesis' clinical studies for
vosaroxin may not demonstrate safety or efficacy or lead to
regulatory approval, the risk that data to date and trends may not
be predictive of future data or results, the risk that Sunesis'
nonclinical studies and clinical studies may not satisfy the
requirements of the FDA, European Commission or other regulatory
agencies, risks related to the conduct of Sunesis' clinical trials,
risks related to the manufacturing of vosaroxin and supply of the
active pharmaceutical ingredients required for the conduct of
Sunesis' clinical trials, the risk of third party opposition to
granted patents related to vosaroxin, and the risk that Sunesis'
proprietary rights may not adequately protect vosaroxin. These and
other risk factors are discussed under "Risk Factors" and elsewhere
in Sunesis' Annual Report on Form 10-K for the year ended December
31, 2012, Sunesis' Quarterly Report on Form 10-Q for the quarter
ended September 30, 2013 and Sunesis' other filings with the
Securities and Exchange Commission. There can be no assurance that
Sunesis will be able to complete the public offering on the
anticipated terms, or at all. Sunesis expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in Sunesis' expectations with regard thereto or
any change in events, conditions or circumstances on which any such
statements are based.
CONTACT: Investor and Media Inquiries:
David Pitts
Argot Partners
212-600-1902
Eric Bjerkholt
Sunesis Pharmaceuticals Inc.
650-266-3717
Sunesis Pharmaceuticals (NASDAQ:SNSS)
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