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Anthera Pharmaceuticals Announces Pricing of Public Offering of Common Stock
Date:6/3/2011

HAYWARD, Calif., June 3, 2011 /PRNewswire/ -- Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH) today announced the pricing of an underwritten public offering of 6,666,667 shares of its common stock, offered at a price of $7.50 per share. The offering is expected to close on or about June 8, 2011, subject to customary closing conditions. In addition, Anthera has granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of common stock to cover over-allotments, if any.  Citi and Leerink Swann LLC are acting as joint book-running managers in the offering and Canaccord Genuity is acting as lead co-manager in the offering.  

The Company estimates that the net proceeds from the offering, after deducting customary underwriting discounts and commissions and estimated offering expenses, will be approximately $47 million (or approximately $54 million if the underwriters' over-allotment option is exercised in full).  The Company intends to use the net proceeds from the offering for general corporate purposes.

The securities described above are being 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 will be filed with the SEC and will be 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
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SOURCE Anthera Pharmaceuticals, Inc.
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