Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  OTC Bulletin Board  >  La Jolla Pharmaceutical Company    LJPCD

No quotes available
-- USD   0.00%
08/08 LA JOLLA PHARMA : posts 2Q loss
08/08 LA JOLLA PHARMA : Announces Financial Results for the Three and Six ..
07/22 LA JOLLA PHARMA : Therapeutics strategies and Product Pipeline Revie..
SummaryQuotesNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

LA JOLLA PHARMACEUTICAL : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/15/2015 | 10:04pm CEST

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On September 9, 2015, La Jolla Pharmaceutical Company ("We," "La Jolla" or the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Jefferies LLC and Cowen and Company, LLC, as representatives of the several underwriters (the "Underwriters"), pursuant to which we agreed to issue and sell an aggregate of 2,932,500 shares, including 382,500 shares to be sold pursuant to the exercise by the Underwriters of the option we granted the Underwriters to purchase such shares, of our common stock (the "Shares") to the Underwriters (the "Offering"). The Shares were sold at a public offering price of $38.00 per Share, and were purchased by the Underwriters from us at a price of $35.72 per Share. On September 11, 2015, the underwriters exercised their option to purchase an additional 382,500 shares of our common stock.

We estimate that net proceeds we will receive from the Offering, including the proceeds from the additional 382,500 shares that will be purchased by the underwriters following the exercise of their option, will be approximately $104.7 million, after deducting the Underwriters' discounts and commissions and estimated offering expenses payable by us.

The Offering was made pursuant to La Jolla's effective registration statement on Form S-3 (Registration No. 333-197092), which was previously filed with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended (the "Securities Act"), and was declared effective, a related automatically effective registration statement filed with the SEC pursuant to Rule 462(b) of the Securities Act (File No. 333-206855), and a prospectus supplement filed with the SEC.

The Offering closed on September 15, 2015. In the Underwriting Agreement, the Company agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act or to contribute to payments that the Underwriters may be required to make because of such liabilities.

A copy of the Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

A copy of the opinion of Gibson, Dunn & Crutcher LLP relating to the validity of the securities issued in the Offering is filed herewith as Exhibit 5.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.



(d) Exhibits.



Exhibit
  No.        Description

 1.1         Underwriting Agreement, dated September 9, 2015, among La Jolla
             Pharmaceutical Company and Jefferies LLC and Cowen and Company, LLC,
             as representatives of the several underwriters named therein

 5.1         Opinion of Gibson, Dunn & Crutcher LLP

23.1         Consent of Gibson, Dunn & Crutcher (contained in Exhibit 5.1)




                                   *   *   *

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LA JOLLA PHARMACEUTICAL CO
08/26 LA JOLLA PHARMACEUTICAL CO : Change in Directors or Principal Officers, Submissi..
08/18 LA JOLLA PHARMACEUTICAL COMPANY : Announces Financial Results for the Three and ..
08/12 LA JOLLA PHARMACEUTICAL CO : Results of Operations and Financial Condition, Fina..
08/08 LA JOLLA PHARMACEUTICAL : posts 2Q loss
08/08 LA JOLLA PHARMACEUTICAL COMPANY : Announces Financial Results for the Three and ..
08/08 LA JOLLA PHARMACEUTICAL : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL COND..
07/22 LA JOLLA PHARMACEUTICAL COMPANY : Therapeutics strategies and Product Pipeline R..
06/06 LA JOLLA PHARMACEUTICAL COMPANY : to Provide Corporate Overview at the Jefferies..
05/26 LA JOLLA PHARMACEUTICAL : Insiders are Gradually Buying u
05/07 LA JOLLA PHARMACEUTICAL COMPANY : Basic Consolidated EPS At $-2.6779
More news
Sector news : Bio Therapeutic Drugs
08/24DJAMGEN : FDA Rejects Amgen Hormonal-Imbalance Treatment
08/24DJAMGEN : FDA Rejects Amgen Hormonal-Imbalance Treatment
08/23DJPFIZER : to Acquire Key Drug -- WSJ
08/23DJDeal for Medivation Is the Latest In a Line of Similar Acquisitions -- WSJ
08/22DJPfizer's Medivation Deal Latest in Long Line of Similar Acquisitions
More sector news : Bio Therapeutic Drugs
Advertisement
Financials ($)
Sales 2016 2,03 M
EBIT 2016 -66,6 M
Net income 2016 -66,0 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
Capi. / Sales 2016 158x
Capi. / Sales 2017 1,28x
Capitalization 321 M
More Financials
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 40,6 $
Spread / Average Target 131%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
George Francis Tidmarsh President, CEO, Secretary & Director
Kevin C. Tang Chairman
Jennifer Carver Senior Vice President-Operations
Dennis M. Mulroy Chief Financial & Accounting Officer
James M. Rolke Vice President-Research & Development
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LA JOLLA PHARMACEUTICA..0.00%321
AMGEN, INC.5.94%128 696
GILEAD SCIENCES, INC.-21.17%105 269
CELGENE CORPORATION-9.16%84 325
REGENERON PHARMACEUTIC..-25.77%42 431
VERTEX PHARMACEUTICALS..-22.84%24 057
More Results