Full Press Release Details
Anchiano Therapeutics Announces
Pricing of $30.5 Million Initial Public
CAMBRIDGE, Mass., Feb. 12, 2019
- Anchiano Therapeutics Ltd. (Nasdaq and TASE: ANCN) ("Anchiano") today announced that it has priced its initial public
offering of 2,652,174 of its American Depositary Shares ("ADSs"), each representing five ordinary shares of Anchiano,
at $11.50 per ADS, less underwriting discounts and commissions. The ADSs are expected to begin trading on the Nasdaq Capital Market
("Nasdaq") under the symbol "ANCN" on February 12, 2019, and the offering is expected to close on or about
The underwriters have been granted a 30-day
option to purchase up to an additional 397,826 ADSs offered by Anchiano to cover over-allotments, if any.
In the offering, Oppenheimer & Co.
Inc. is acting as the sole book-running manager, Ladenburg Thalmann is acting as lead manager and LifeSci Capital LLC is acting
The offering is being made only by means
of a prospectus, copies of which can be obtained from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85
Broad St., 26th Floor, New York, NY 10004, by telephone at (212) 667-8055 or by email at EquityProspectus@opco.com.
A registration statement relating to these
securities was filed with and declared effective by the U.S. Securities and Exchange Commission on February 11, 2019. This press
release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 their registration or qualification
under the securities laws of any such state or jurisdiction.
clinical-stage biopharmaceutical company focused on the discovery and development of novel therapies to treat cancer, with offices
in Cambridge, MA, and Jerusalem, Israel. Anchiano's most advanced product candidate, inodiftagene vixteplasmid, is in development
as a treatment for non-muscle-invasive bladder cancer. For more information on Anchiano, please visit www.anchiano.com.
contains "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements
are based on information Anchiano has when those statements are made or its management's good faith belief as of that time
with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ
materially from those expressed in or suggested by the forward-looking statements.
Chief Executive Officer