PALO ALTO, Calif.--(BUSINESS WIRE)--July 19, 2006--Connetics Corporation (Nasdaq:CNCT - News), a specialty pharmaceutical company that develops and commercializes dermatology products, today announced that it is extending the expiration time of the previously announced consent solicitation (the “Consent Solicitation”) from holders of its outstanding 2.25% Convertible Senior Notes due 2008 (the “2008 Notes”) and 2.00% Convertible Senior Notes due 2015 (the “2015 Notes”, and together with the 2008 Notes, the “Notes”). The expiration time has been extended from 5:00 p.m., New York City time on July 19, 2006 to 5:00 p.m., New York City time, on July 21, 2006, unless further extended or terminated by Connetics. Connetics also announced that it is amending the terms of the Consent Solicitation pursuant to a Supplement to the Consent Solicitation Statement, dated July 19, 2006 (the “Supplement”).
