BioForm Announces Pricing of Initial Public Offering
Nov 07, 2007
SAN MATEO, CA - ABioForm Medical, Inc. (Nasdaq: BFRM) today
announced the initial public offering of 10,000,000 shares of common
stock at a price of $8.00 per share. BioForm has granted the
underwriters a 30-day option to purchase up to an additional
1,500,000 shares at the initial public offering price to cover
over-allotments, if any. The common stock will trade on the Nasdaq
Global Market under the symbol "BFRM."
J.P. Morgan Securities Inc. and Piper Jaffray & Co. are serving as
joint book-running managers for the offering, with CIBC World
Markets Corp. and Jefferies & Company, Inc. serving as co-managers.
A registration statement relating to these securities has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission. 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 jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
A copy of the final prospectus for the offering may be obtained from
the prospectus department of either J.P. Morgan Securities Inc., 4
Chase Metrotech Center, CS Level, Brooklyn, NY 11245, or by calling
(718) 242-8002; or Piper Jaffray & Co., 800 Nicollet Mall, Suite
800, Minneapolis, MN 55402 or by calling (877) 371-5212.
About BioForm Medical, Inc.
BioForm Medical, Inc. is a medical aesthetics company headquartered
in San Mateo, California. BioForm is dedicated to bringing doctors
and their patients safe and effective products for use in the
dermatology, plastic surgery and ENT markets. BioForm's products
include Radiesse(R), a long-lasting filler for use in facial
aesthetics and vocal fold insufficiency, and Coaptite(R) for
treating female stress urinary incontinence which is marketed
through a partnership with Boston Scientific Corporation. BioForm
has licensed U.S. marketing rights to Aethoxysklerol(R), the
worldwide leading sclerotherapy agent, which is currently being
evaluated in a Phase III clinical trial. BioForm has also licensed
BioGlue, a new surgical adhesive product for plastic surgery
applications, which is being developed in a partnership with
CryoLife, Inc.