{"id":397343,"date":"2020-12-10T08:33:39","date_gmt":"2020-12-10T13:33:39","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397343"},"modified":"2020-12-10T08:33:39","modified_gmt":"2020-12-10T13:33:39","slug":"acelrx-announces-10-million-registered-direct-common-stock-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/acelrx-announces-10-million-registered-direct-common-stock-offering\/","title":{"rendered":"AcelRx Announces $10 Million Registered Direct Common Stock Offering"},"content":{"rendered":"
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Investment from existing and new, leading life sciences investors<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n REDWOOD CITY, Calif.<\/span>, Dec.\u00a010, 2020 \/PRNewswire\/ —\u00a0AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) (AcelRx), a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in healthcare institutions, today announced it has entered into an agreement with three life sciences-focused investment funds that are existing investors and new investors in AcelRx, for the sale of 8,333,333 shares of common stock at $1.20<\/span> per share. AcelRx estimates gross proceeds from the offering of approximately $10.0 million<\/span>.\u00a0 The closing of the transaction is expected to occur by December 11, 2020<\/span>, subject to satisfaction of customary closing conditions.<\/p>\n

The securities described above are being offered by AcelRx pursuant to a shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”), which the SEC declared effective on\u00a0July 8, 2020. A final prospectus supplement related to the offering will be filed with the SEC, and will be available on the SEC’s website located at\u00a0http:\/\/www.sec.gov<\/a>. <\/p>\n

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state. <\/p>\n

\n About AcelRx Pharmaceuticals, Inc.
<\/b>AcelRx Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in medically supervised settings. AcelRx’s proprietary, non-invasive sublingual formulation technology delivers sufentanil with consistent pharmacokinetic profiles. The Company has one approved product in the U.S., DSUVIA\u00ae (sufentanil sublingual tablet, 30 mcg), known as DZUVEO\u2122 in Europe<\/span>, indicated for the management of acute pain severe enough to require an opioid analgesic for adult patients in certified medically supervised healthcare settings, and one product candidate, Zalviso\u00ae (sufentanil sublingual tablet system, SST system, 15 mcg), an investigational product in the U.S., is being developed as an innovatively designed patient-controlled analgesia (PCA) system for reduction of moderate-to-severe acute pain in medically supervised settings. DZUVEO and Zalviso are both approved products in Europe<\/span>.<\/p>\n

\n Forward-Looking Statements
<\/b>This press release contains forward-looking statements, including, but not limited to, statements related to anticipated closing of the transaction. These and any other forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or the negative of these words or other comparable terminology. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied by such statements, including the inability to satisfy customary closing conditions. In addition,\u00a0 such risks and uncertainties may include, but are not limited to, those described in AcelRx’s annual, quarterly and current reports (i.e., Form 10-K, Form 10-Q and Form 8-K) as filed or furnished with the Securities and Exchange Commission (SEC). You are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date such statements were first made. Except to the extent required by law, AcelRx undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.<\/p>\n

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\n \"AcelRx
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\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/acelrx-announces-10-million-registered-direct-common-stock-offering-301190326.html<\/a><\/p>\n

SOURCE AcelRx Pharmaceuticals, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Investment from existing and new, leading life sciences investors PR Newswire REDWOOD CITY, Calif., Dec.\u00a010, 2020 \/PRNewswire\/ —\u00a0AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) (AcelRx), a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in healthcare institutions, today announced it has entered into an agreement with three life sciences-focused investment funds that are existing investors and new investors in AcelRx, for the sale of 8,333,333 shares of common stock at $1.20 per share. AcelRx estimates gross proceeds from the offering of approximately $10.0 million.\u00a0 The closing of the transaction is expected to occur by December 11, 2020, subject to satisfaction of customary closing conditions. The securities described above are being offered by AcelRx pursuant to a … <\/p>\n

Continue reading “AcelRx Announces $10 Million Registered Direct Common Stock Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397343","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAcelRx Announces $10 Million Registered Direct Common Stock Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/acelrx-announces-10-million-registered-direct-common-stock-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AcelRx Announces $10 Million Registered Direct Common Stock Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investment from existing and new, leading life sciences investors PR Newswire REDWOOD CITY, Calif., Dec.\u00a010, 2020 \/PRNewswire\/ —\u00a0AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) (AcelRx), a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in healthcare institutions, today announced it has entered into an agreement with three life sciences-focused investment funds that are existing investors and new investors in AcelRx, for the sale of 8,333,333 shares of common stock at $1.20 per share. AcelRx estimates gross proceeds from the offering of approximately $10.0 million.\u00a0 The closing of the transaction is expected to occur by December 11, 2020, subject to satisfaction of customary closing conditions. 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