AnorMED announces NASDAQ listing and filing of shelf registration statement
28 August 2006 - 9:41PM
PR Newswire (US)
VANCOUVER, Aug. 28 /PRNewswire-FirstCall/ -- AnorMED Inc.
(AMEX:AOM;TSX:AOM) today announced that it has received approval
from the NASDAQ Stock Market, Inc. to list its common shares on the
NASDAQ Global Market (formerly the NASDAQ National Market) under
the symbol "ANOR". The Company's common shares will begin trading
on NASDAQ upon the completion of certain final regulatory
requirements, which the Company currently expects will occur prior
to the end of September 2006. Upon the Company's common shares
becoming listed on NASDAQ, the common shares will be de-listed from
the American Stock Exchange. The Company believes that transferring
its listing to NASDAQ will provide the Company with enhanced access
to the broader capital markets in connection with potential future
stock offerings. AnorMED shares will continue to trade on the
Toronto Stock Exchange (TSX) in addition to NASDAQ. The Company
intends to maintain both listings for the foreseeable future.
AnorMED also announced that it has filed a preliminary short form
base shelf prospectus with securities regulatory authorities in
Canada and a corresponding shelf registration statement with the
United States Securities and Exchange Commission on Form F-10. Once
the shelf prospectus is cleared and the shelf registration
statement becomes effective, these filings will, subject to
securities regulatory requirements, provide for the potential
offering in Canada and the United States of up to an aggregate of
US$100 million of the Company's common shares from time to time in
one or more offerings over the next 25 months. This shelf
prospectus is intended to give AnorMED the flexibility to take
advantage of financing opportunities when market conditions are
favorable to the Company. The terms of such future offerings, if
any, will be established at the time of such offerings. At the time
any of the securities covered by the shelf prospectus are offered
for sale, a prospectus supplement containing specific information
about the terms of any such offering will be provided. The shelf
registration statement filed today with the SEC has not yet become
effective. No securities may be sold, nor may offers to buy be
accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualifications under the securities laws of any such jurisdiction.
A copy of the shelf registration statement, including the related
prospectus, may be obtained from Bill Adams, Vice President,
Finance and Chief Financial Officer, at the Company's address
included above. About AnorMED Inc. AnorMED is a chemistry-based
biopharmaceutical company focused on the discovery, development and
commercialization of new therapeutic products in the areas of
hematology, oncology and HIV, based on the Company's research into
chemokine receptors. The Company's product pipeline includes
MOZOBIL, currently in pivotal Phase III studies in cancer patients
undergoing stem cell transplants; AMD070, currently in proof of
principle Phase I/II studies in HIV patients; and several novel
classes of compounds in pre-clinical development that target
specific chemokine receptors known to be involved in a variety of
diseases. This press release contains forward-looking statements
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, and forward looking information
within the meaning of applicable securities laws in Canada,
(collectively referred to as "forward-looking statements").
Statements, other than statements of historical fact, are
forward-looking statements and include, without limitation,
statements regarding the Company's strategy, future operations,
timing and completion of clinical trials, prospects and plans and
objectives of management. The words "anticipates", "believes",
"budgets", "could", "estimates", "expects", "forecasts", "intends",
"may", "might", "plans", "projects", "schedule", "should", "will",
"would" and similar expressions are often intended to identify
forward-looking statements, which include underlying assumptions,
although not all forward-looking statements contain these
identifying words. By their nature, forward-looking statements
involve numerous assumptions, known and unknown risks and
uncertainties, both general and specific, that contribute to the
possibility that the predictions, forecasts, projections and other
things contemplated by the forward-looking statements will not
occur. We caution readers not to place undue reliance on these
statements as a number of important factors could cause our actual
results to differ materially from the beliefs, outlooks, plans,
objectives, expectations, anticipations, estimates and intentions
expressed in such forward-looking statements. Although our
management believes that the expectations represented by such
forward-looking statements are reasonable, there is significant
risk that the forward-looking statements may not be achieved, and
the underlying assumptions thereto will not prove to be accurate.
Forward-looking statements in this press release include, but are
not limited to, statements about: our expected satisfaction of
regulatory requirements; the listing of AnorMED's common shares on
NASDAQ and the expected timing thereof; the filing and potential
use of a shelf prospectus and shelf registration statement; and our
expectations that any potential offering will be successful. With
respect to the forward-looking statements contained in this press
release, the Company has made numerous assumptions regarding, among
other things: the Company's ability to successfully de-list from
the AMEX and satisfy the conditions required by NASDAQ for listing
our common shares; prevailing favourable conditions in the capital
markets during the next 25 months; and the Company's ability to
negotiate commercially acceptable financial terms for any potential
offering. The foregoing list of assumptions is not exhaustive.
Actual results or events could differ materially from the plans,
intentions and expectations expressed or implied in any
forward-looking statements, including the underlying assumptions
thereto, as a result of numerous risks, uncertainties and other
factors including: our failure to satisfy the conditions for
listing on NASDAQ; the complexity and expense of maintaining a
NASDAQ listing; general business and economic conditions;
unfavourable capital markets over the next 25 months; we may not be
successful at negotiating commercially acceptable financial terms
for any potential offering; we may not be able to develop and
obtain regulatory approval for MOZOBIL in stem cell transplant
indications and any future product candidates in our targeted
indications; we may not be able to establish marketing and sales
capabilities and the costs of launching MOZOBIL stem cell
transplant indications and any future products in our targeted
indications may be greater than anticipated; we rely on third
parties for the continued supply and manufacture of MOZOBIL; we may
face unknown risks related to intellectual property matters; we may
face competition from other pharmaceutical or biotechnology
companies; and the results of further equity financing, which may
substantially dilute the interests of our shareholders. Although we
have attempted to identify the forward-looking statements, the
underlying assumptions, and the risks, uncertainties and other
factors that could cause actual results or events to differ
materially from those expressed or implied in the forward-looking
statements, there may be other factors that cause actual results or
events to differ from those expressed or implied in the
forward-looking statements. We undertake no obligation to revise or
update any forward-looking statements as a result of new
information, future events or otherwise, after the date hereof,
except as may be required by law. CONTACT: Company Contact: W.J.
(Bill) Adams, CA, Chief Financial Officer, Tel: (604) 530-1057,
Email: or Kim Nelson, Ph.D., Manager, Investor Relations, Tel:
(604) 532-4654, Cell: (604) 614-2886, Email: ; Media Contact:
Shafiq Jamal, James Hoggan & Associates, (604) 739-7500
DATASOURCE: AnorMED Inc. CONTACT: Company Contact: W.J. (Bill)
Adams, CA, Chief Financial Officer, Tel: (604) 530-1057, Email: or
Kim Nelson, Ph.D., Manager, Investor Relations, Tel: (604)
532-4654, Cell: (604) 614-2886, Email: ; Media Contact: Shafiq
Jamal, James Hoggan & Associates, (604) 739-7500
Copyright