ViaCell, Inc. Announces Its Initial Public Offering
Boston, 21 January 2005
ViaCell, Inc. (Nasdaq:
VIAC) today announced the pricing of its initial public offering
of 7,500,000 shares of its common stock at a price of $7.00 per
share. All of the shares are being offered by ViaCell. In addition,
ViaCell has granted to the underwriters a 30-day option to purchase
up to an additional 1,125,000 shares of common stock to cover over-allotments,
if any. ViaCell's common stock is expected to begin trading on
the Nasdaq National Market on January 21, 2005 under the symbol "VIAC."
Credit Suisse First Boston and UBS Investment Bank are acting as joint book-running
managers, and Lazard and Leerink Swann & Company are acting as co-managers
for this offering.
Copies of the final prospectus relating to this offering may be obtained, when
available, from Credit Suisse First Boston LLC, Prospectus Department, One Madison
Avenue, Level 1B, New York, NY 10010 (telephone number: 212-325-2580); or UBS
Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171 (telephone
number: 212-821-3000).
About ViaCell
ViaCell, Inc. is a clinical-stage biotechnology company dedicated
to enabling the widespread application of human cells as medicine.
The Company is developing a pipeline of proprietary product candidates
intended to address cancer, cardiac diseases and infertility.
ViaCell's portfolio of proprietary technologies include Selective
Amplification technology and USSC. The Company's lead stem cell
therapy product candidate, a cord blood-derived stem cell therapeutic,
CB001, is currently in a Phase I clinical trial. ViaCell offers
expecting families the option of preserving their baby's cord
blood stem cells through its Viacord business.
A registration statement relating to the common stock has been filed with
and declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an offer
to buy, nor will 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.
Corporate Contact:
Marc Beer
Chief Executive Officer
Tel: 800 766 0966 ext. 4650
Email: mbeer@viacellinc.com
Media Contact:
Justin Jackson
Burns McCllelan
Tel: (212) 213 0006 ext. 327
Email: jjackson@burnsmc.com |