South San Francisco, Calif.
Went public 8/11/2000 at $7 per share
Filing Range: 5 mil. shares @ $9 to $11
Shares Outstanding: 21.6 mil. shares
Underwriters: Lehman Brothers/Chase H&Q/Legg Mason Wood Walker/UBS
Warburg/ Fidelity Capital Markets
Company Counsel: Cooley Godward LLP
Manager Counsel: Sullivan & Cromwell
Auditor: Ernst & Young LLP
The Company:
Designs molecular drugs for the pharmaceutical industry. This biotechnology company’s core technology is designated PIN (pseudo-idiotypic network) and encompasses a molecular indexing technique by which molecular shapes can be sorted and catalogued. With this information, the company hopes to identify novel compounds that attach to therapeutic agents.
Venture Backers:
Weiss, Peck & Greer Venture Partners LP
Delphi Ventures
Advent International Corp.
Sofinnova Ventures
Alta Partners
Alpha Capital Venture Partners LP
Burr, Egan, Deleage & Co.
Oxford Bioscience Partners
Technology Funding
Hambrecht & Quist
S.R. One Ltd.
MDS Health Ventures Inc.
New Enterprise Associates
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 08/01/1992 3 Early Stage 3800.0
2 12/03/1992 7 Early Stage 13187.2
3 08/26/1994 10 Later Stage 4999.8
4 10/01/1994 3 Later Stage 4000.0
5 4/01/1995 2 Later Stage 125.0
6 07/01/1995 2 Later Stage 125.0
7 11/22/1995 13 Later Stage 3362.0
8 01/01/1996 2 Later Stage 125.0
9 07/01/1996 4 Buyout/Acquisition 134.0
10 09/23/1997 1 Later Stage 691.0
11 11/13/1997 10 Later Stage 6459.0
12 10/01/1998 2 Later Stage 10500.0
13 03/31/2000 2 Later Stage 7000.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $4.2
Net Income: -7.1