Lexington, Mass. • 781-274-8200 • www.syntapharma.com
Exchange and Ticker: Nasdaq: SNTA
Filing Range: 6M shares @ $14.00 to $16.00
Offering Price: $10.00
Close on First Day: $9.09
Offering Size: $50M
Shares Outstanding: 33,817,434
Underwriters: Bear Stearns & Co. Inc./ Lehman Brothers
Co-managers: Lazard Capital Markets/ Montgomery & Co.
Company Counsel: Mintz Levin Cohn Ferris Glovsky & Popeo
Manager Counsel: Ropes & Gray
Auditor: KPMG LLP
Market Capitalization on 2/28/07: $288.46 M
Close price at current month end: $8.53
DESCRIPTION
Develops small-molecule drugs for cancer and chronic inflammatory diseases. The company is a biopharmaceutical business focused on discovering, developing, and commercializing products for extending the lives of patients with severe medical conditions. Synta has three drug candidates in preclinical or clinical development, and an additional five programs in late-stage research. Competitors include Johnson & Johnson, Amgen, Wyeth Pharmaceuticals, Abbott Laboratories, Elan Corp.
VENTURE BACKERS
Aperture Venture Partners; CxSynta LLC (managed by hedge fund Caxton Corp.); Galleon Group; SunAmerica Ventures
Sources: Thomson Financial and SEC filings.