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Amicus Therapeutics Announces Closing of $18.5 Million Registered Direct Offering of Common Stock
Date:3/2/2010

CRANBURY, N.J., March 2 /PRNewswire-FirstCall/ -- Amicus Therapeutics (Nasdaq: FOLD) today announced that it has closed its previously announced registered direct offering of 4.95 million shares of its common stock and warrants to purchase 1.85 million shares of its common stock to a select group of institutional investors. The shares of common stock and warrants were offered in units consisting of one share of common stock and one warrant to purchase 0.375 shares of common stock at a price of $3.74 per unit. The warrants have a term of four years and are exercisable any time on or after the six month anniversary of the date they are issued, at an exercise price of $4.43 per share. The offering resulted in net proceeds of approximately $17.1 million, after deducting placement agent fees and estimated offering expenses. Leerink Swann LLC served as sole placement agent for the offering.


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