NeuroDerm Ltd. IPO Disappoints
Published: Nov 14, 2014
REHOVOT, Israel, Nov. 14, 2014 (GLOBE NEWSWIRE) -- NeuroDerm Ltd., a clinical stage pharmaceutical company developing drugs for central nervous system (CNS) diseases, today announced the pricing of its initial public offering of 4,500,000 ordinary shares at a price to the public of $10.00 per share. In addition, NeuroDerm has granted the underwriters a 30-day option to purchase up to an additional 675,000 ordinary shares. NeuroDerm shares are expected to begin trading on the Nasdaq Global Market on November 14, 2014 under the ticker symbol "NDRM."
Jefferies LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Oppenheimer & Co. Inc. and Roth Capital Partners are acting as co-managers for the proposed offering.
The offering will be made only by means of a prospectus. A preliminary prospectus for the offering may be obtained from either: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Ave, 2nd Floor, New York, NY 10022, by telephone at (877) 547-6340 or by email at Prospectus_Department@Jefferies.com or Cowen and Company, LLC, c/o Broadridge Financial Services, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY, 11717, by telephone at (631) 274-2806 or by fax at (631) 254-7140.
A registration statement related to these securities has been declared effective by the Securities and Exchange Commission. The registration statement can be accessed through the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or 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 jurisdiction.
NeuroDerm is a clinical-stage pharmaceutical company developing central nervous system (CNS) product candidates that are designed to overcome major deficiencies of current treatments and achieve enhanced clinical efficacy through continuous, controlled administration. NeuroDerm is headquartered in the Rabin Science Park, Rehovot, Israel.CONTACT: NeuroDerm Contact: Oded S. Lieberman, PhD MBA, CEO email@example.com Tel.: +972-8-946 2729 Cell: +1-617-517 6077 U.S. Investor Contact: David Carey Lazar Partners Ltd. firstname.lastname@example.org +212-867-1762 U.S. Media Contact: Hollister Hovey Lazar Partners Ltd. email@example.com +212-867-1762
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