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Micromet Announces Pricing of Public Offering of 10 Million Shares of Common Stock
Date:3/11/2010

BETHESDA, Md., March 11 /PRNewswire-FirstCall/ -- Micromet, Inc. (Nasdaq: MITI) announced today the pricing of an underwritten public offering of 10 million shares of common stock at a public offering price of $7.00 per share.  The Company has granted the underwriters a 30-day option to purchase an additional 1.5 million shares of common stock from the Company.  All of the shares in the offering are being sold by Micromet.  The closing of the offering is expected to take place on March 17, 2010, subject to the satisfaction of customary closing conditions.

The Company expects to receive net proceeds from the offering, after underwriting discount and offering expenses payable by the Company, of approximately $65.5 million (prior to any exercise of the Underwriters' option to purchase additional shares of common stock). The Company plans to use the net proceeds from the financing primarily for general corporate purposes, which may include research and development, capital expenditures, working capital and general and administrative expenses.

Goldman, Sachs & Co. is acting as sole book-running manager for this offering. Piper Jaffray & Co., RBC Capital Markets Corporation, Needham & Company, LLC, ROTH Capita
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SOURCE Micromet, Inc.
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