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Memory Pharmaceuticals Corp. Announces Pricing
of Initial Public Offering
MONTVALE, NJ,
April 5, 2004
PRNewswire-FirstCall via COMTEX
Memory Pharmaceuticals Corp. (Nasdaq: MEMY) announced today the pricing
of its initial public offering of 5,000,000 shares at $7.00 per share.
All of the shares are being offered by Memory Pharmaceuticals. The
shares will trade on the Nasdaq National Market under the symbol "MEMY".
UBS Investment Bank is acting as the sole book-runner. SG Cowen Securities
Corporation is acting as co-lead manager, and Banc of America Securities
LLC and Fortis Securities LLC are acting as co-managers. Memory Pharmaceuticals
has granted the underwriters a 30-day option to purchase up to an
additional 750,000 shares of its common stock to cover over-allotments,
if any. Copies of the final prospectus related to the offering may
be obtained, when available, from UBS Investment Bank, ECMG Syndicate
Department, 299 Park Avenue, New York, NY 10171.
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 in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state.
About the Company
Memory Pharmaceuticals Corp. is a biopharmaceutical company focused
on the development of innovative drug candidates for the treatment
of central nervous system, or CNS, conditions that exhibit significant
impairment of memory and other cognitive functions. These conditions
include neurological diseases associated with aging, such as Alzheimer's
disease, vascular dementia and mild cognitive impairment, and also
include certain psychiatric disorders such as depression and schizophrenia.
SOURCE: Memory Pharmaceuticals Corp.
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