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Biocryst Pharmaceuticals (BCRX) Prices Public Offering of Common Stock


8/1/2013 9:09:27 AM

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RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) today announced the pricing of an underwritten public offering of 4,000,000 shares of its common stock, offered at a price to the public of $4.40 per share. The gross proceeds from this offering to BioCryst are expected to be $17.6 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an aggregate of 600,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on or about August 6, 2013, subject to customary closing conditions. BioCryst expects to use net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, continued development of second generation hereditary angioedema compounds and pre-commercialization activities related to intravenous peramivir.

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