Navigation Links
Onyx Pharmaceuticals Announces Pricing of Concurrent Offerings of Four Million Shares of Common Stock and $200 Million Principal Amount of Convertible Senior Notes
Date:8/6/2009

EMERYVILLE, Calif., Aug. 6 /PRNewswire-FirstCall/ -- Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX) today announced that it has agreed to sell an aggregate of four million shares of its common stock at a price to the public of $30.50 per share and $200 million aggregate principal amount of its 4.00% convertible senior notes due 2016 in concurrent underwritten public offerings. Onyx has granted the underwriters 30-day options to purchase up to an additional 600,000 shares of its common stock and up to an additional $30 million aggregate principal amount of its convertible senior notes in connection with the offerings. Onyx estimates aggregate net proceeds from the concurrent offerings to be $310 million (assuming no exercise of the underwriters' options to purchase additional shares of common stock and convertible notes). All of the shares of common stock and the notes are being offered by Onyx.

Prior to May 15, 2016, the notes will be convertible into shares of Onyx's common stock only upon specified events, and, thereafter until maturity, at any time. The notes will be convertible by holders into shares of Onyx's common stock at an initial conversion rate of 25.2207 shares of common stock per $1,000 principal amount of notes (subject to adjustment in certain circumstances), which represent an initial conversion price of approximately $39.65 per share. Upon conversion, the notes may be settled by the payment of cash, shares of Onyx common stock or a combination thereof, at the option of Onyx. Onyx will have the right to redeem the notes in whole or in part at a specified redemption price on or after August 20, 2013 if the last reported sale of our common stock exceeds 130% of the conversion price then in effect for 20 or more trading days in a period of 30 consecutive trading days ending on the trading day imme
'/>"/>

SOURCE Onyx Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Vion Pharmaceuticals Pays Interest on 7.75% Convertible Senior Notes
2. China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results
3. Vion Pharmaceuticals Completes Accrual of 85 Patients to its Pivotal Phase II Trial of Cloretazine(R) (VNP40101M) in Elderly AML
4. XTL Biopharmaceuticals Announces Financial Results for the Six Months Ended June 30, 2007
5. Cadence Pharmaceuticals Reports Second Quarter 2007 Financial Results
6. Nabi Biopharmaceuticals to Present at Upcoming Industry Conferences
7. Anadys Pharmaceuticals Appoints Steve Worland, Ph.D. as President and Chief Executive Officer
8. Poniard Pharmaceuticals Announces Participation in Upcoming Conferences
9. NovaQuest Advances Virtual Development Model With Strategic Investment in TOPIGEN Pharmaceuticals
10. Drug Royalty Corporation (DRC) Announces Acquisition Regarding PEG-INTRON(R) From Enzon Pharmaceuticals, Inc. (ENZN)
11. Sunesis Pharmaceuticals Announces Reorganization to Focus Resources and Build Value in Clinical-Stage Programs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2014)... Today BioSpace , the leading life sciences employment and ... the life sciences community in Illinois , ... , Michigan , Minnesota , ... and Wisconsin . BioMidwest is ... job postings on BioSpace originating in this region in 2013. The life ...
(Date:7/31/2014)... There,s a good reason people over 60 are not ... ages and weakens with time, making the elderly prone ... San Francisco research team now has discovered a reason ... for the inability of blood-forming cells to maintain blood ... identified molecular defects that could be restored for rejuvenation ...
(Date:7/31/2014)... and even the entire body to visualize long-range connections ... been a long-time dream of biologists. A study published ... journal Cell has now made that dream ... bodies, and human tissue biopsies transparent, while keeping the ... the way for a better understanding of brain-body interactions, ...
(Date:7/31/2014)... -- Chemists at Indiana University Bloomington have described ... fashion, a development with potential value for the ... transistors and photovoltaic cells. , Their paper, "Anion-Induced ... Solids and 2D Self-Assembled Crystals," has been published ... of the Royal Society of Chemistry. It is ...
Breaking Biology Technology:Midwest Biotech Leaders Featured On BioSpace Map 2Key to aging immune system is discovered 2See-through organs and bodies will accelerate biomedical discoveries 2Chemists demonstrate 'bricks-and-mortar' assembly of new molecular structures 2Chemists demonstrate 'bricks-and-mortar' assembly of new molecular structures 3
... PITTSBURGH, Sept. 23 As the world converges on Pittsburgh ... are clear skies and the lack of the traditional, stereotypical ... they are greeted by a region that for the past ... to a service economy centered on the development and commercialization ...
... , , , ... the "Company") (OTC Bulletin Board: GLOB), an international healthcare information technology ... intent with verIDentia SL of Macanet De La Selva, Girona, ... were not disclosed. , , (Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO ...
... Biological Sciences Research Council (BBSRC) have uncovered what happens ... found that the important proteins that make up the ... enzyme called cathepsin L. Scientists now have to take ... ensure the exciting field of nanomedicine can progress. The ...
Cached Biology Technology:Pittsburgh Life Sciences Greenhouse Demonstrates a Region's Economic Resilience 2Pittsburgh Life Sciences Greenhouse Demonstrates a Region's Economic Resilience 3Global Med Technologies(R) Signs Binding LOI With European Company for Breakthrough Transfusion Safety RFID Product 2Global Med Technologies(R) Signs Binding LOI With European Company for Breakthrough Transfusion Safety RFID Product 3Global Med Technologies(R) Signs Binding LOI With European Company for Breakthrough Transfusion Safety RFID Product 4Global Med Technologies(R) Signs Binding LOI With European Company for Breakthrough Transfusion Safety RFID Product 5New discovery reveals fate of nanoparticles in human cells 2
(Date:7/31/2014)... the United States, natural-gas production from shale rock ... 2007. Yet scientists still do not fully understand ... to a report in the journal Frontiers ... gas extraction continues to vastly outpace scientific examination, ... organizations and institutions, including Princeton University, concluded that ...
(Date:7/31/2014)... Foundation (NSF), counters a widely-held scientific view that ... that certain Arctic lakes store more greenhouse gases ... The study, published this week in the journal ... occur as permafrost thaws and creates surface depressions ... was previously frozen land into lakes. , The ...
(Date:7/31/2014)... long been known that biomass burning burning ... a ritual , slash-and-burn agriculture and wildfires ... , But until the release of a new ... Professor Mark Z. Jacobson, the degree of that ... research, detailed in a paper published July 30 ...
Breaking Biology News(10 mins):'Fracking' in the dark: Biological fallout of shale-gas production still largely unknown 2'Fracking' in the dark: Biological fallout of shale-gas production still largely unknown 3Certain Arctic lakes store more greenhouse gases than they release 2Stanford professor finds that wildfires and other burns play bigger role in climate change 2Stanford professor finds that wildfires and other burns play bigger role in climate change 3Stanford professor finds that wildfires and other burns play bigger role in climate change 4
... kid goats recognise each other,s calls soon after the mothers ... reveals. The study, published in the journal Animal ... the ability of goats to recognise the individual differences. ... Mary,s School of Biological and Chemical Sciences found that mother ...
... smoke flavoring made from hickory and other wood a ... and home kitchens may get a competitor that seems ... to a new study in ACS, Journal of Agricultural ... liquid smoke produced from rice hulls, the hard, inedible coverings ...
... For diagnosing head and neck ailments, tests that ... don,t. Otolaryngologists have a wide range of techniques available ... ultrasound. CT uses significant radiation and MRI a lower ... does not require injection of radioactive contrast material and ...
Cached Biology News:Lessening the dangers of radiation 2
... Express Cloning Checker Kits provide two ... after transformation without time-consuming plasmid preparation. By ... I, all you need to do is ... bacteria directly from the transformation plates into ...
... Services include subcloning of gene in ... cells, isolation and plaque purification of ... virus stock for one clone, protein ... insect cell culture. Expected yield and ...
Request Info...
Kit containing positive control DNA all parts of the HIV-1 genome, HIV-1 negative control DNA, Primers SK38, SK39, SK19...
Biology Products: