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Anthera Pharmaceuticals Announces Completion of Public Offering of Common Stock
Date:6/8/2011

HAYWARD, Calif., June 8, 2011 /PRNewswire/ -- Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH), today announced that it has completed the previously announced underwritten public offering of 6,666,667 shares of its common stock, offered at a price of $7.50 per share.  In addition, the Company has sold 1,000,000 shares of its common stock at a price of $7.50 per share pursuant to the underwriters' option to purchase additional shares, resulting in a total public offering of 7,666,667 shares.  The net proceeds to the Company from the sale of shares in this offering, after deducting customary underwriting discounts and commissions, were approximately $54 million.    

Anthera intends to use the net proceeds from this offering for general corporate purposes.

Citi and Leerink Swann LLC acted as joint book-running managers in the offering and Canaccord Genuity acted as lead co-manager in the offering.  

The securities described above were offered by the Company pursuant to a shelf registration statement previously filed with, and declared effective by, the Securities and Exchange Commission (the "SEC") on March 11, 2011.  A final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov.  Copies of the final prospectus supplement relating to these securities may be obtained from the prospectus department of Citi, 140 58th Street, 8th Floor, Brooklyn, New York 11220, Telephone: (800) 831-9146, or by email at batprospectusdept@citi.com.  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 other jurisdiction in which such offer, solicitation or sale would be unlawful pri
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SOURCE Anthera Pharmaceuticals, Inc.
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