{"id":512004,"date":"2021-07-12T16:10:06","date_gmt":"2021-07-12T20:10:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iveric-bio-inc-announces-proposed-offering-of-common-stock\/"},"modified":"2021-07-12T16:10:06","modified_gmt":"2021-07-12T20:10:06","slug":"iveric-bio-inc-announces-proposed-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iveric-bio-inc-announces-proposed-offering-of-common-stock\/","title":{"rendered":"IVERIC bio, Inc. Announces Proposed Offering of Common Stock"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>IVERIC bio, Inc. Announces Proposed Offering of Common Stock<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIVERIC bio, Inc. (Nasdaq: ISEE) (the \u201cCompany\u201d), today announced that it is commencing an underwritten public offering of shares of its common stock. In addition, the Company intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15 percent of the number of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares are to be offered by the Company.\n<\/p>\n<p>\nCowen, Credit Suisse and Stifel are acting as the book-running managers for the offering. Wedbush PacGrow is acting as lead manager for the offering.\n<\/p>\n<p>\nA shelf registration statement on Form S-3 (File No. 333-253897) relating to the shares of common stock to be offered was filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on March 5, 2021 and was declared effective on April 9, 2021. The offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement related to the offering is being filed with the SEC and will be available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52458602&amp;newsitemid=20210712005778&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=f4540f4d7351a1fd59635848ab958a13\">www.sec.gov<\/a>. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may also be obtained by contacting: Cowen and Company, LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Prospectus Department, or by emailing <a rel=\"nofollow\" href=\"mailto:PostSaleManualRequests@broadridge.com\">PostSaleManualRequests@broadridge.com<\/a>, or by telephone: (833) 297-2926; Credit Suisse Securities (USA) LLC, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Attn: Prospectus Department, or by emailing <a rel=\"nofollow\" href=\"mailto:usa.prospectus@credit-suisse.com\">usa.prospectus@credit-suisse.com<\/a>, or by telephone: (800) 221-1037; or Stifel, Nicolaus &amp; Company, Incorporated, One Montgomery Street, Suite 3700, San Francisco, CA 94104, Attention: Prospectus Department, or by emailing <a rel=\"nofollow\" href=\"mailto:syndprospectus@stifel.com\">syndprospectus@stifel.com<\/a>, or by telephone: (415) 364-2720.\n<\/p>\n<p>\nThis press release does not constitute an offer to sell, or a solicitation of an offer to buy these securities, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n<p><b>About Iveric Bio<\/b><\/p>\n<p>\nIveric Bio is a science-driven biopharmaceutical company focused on the discovery and development of novel treatment options for retinal diseases with significant unmet medical needs. The Company is currently developing both therapeutic product candidates for age-related retinal diseases and gene therapy product candidates for orphan inherited retinal diseases.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p><i>Any statements in this press release about the Company\u2019s future expectations, plans and prospects, including statements regarding the proposed offering, constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any statements about the Company\u2019s strategy, future operations and future expectations and plans and prospects for the Company, and any other statements containing the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend\u201d, \u201cgoal,\u201d \u201cfuture\u201d, \u201cmay\u201d, \u201cmight,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201cpotential,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201ccontinue,\u201d and similar expressions. Such forward-looking statements involve substantial risks and uncertainties that could cause the Company\u2019s development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, those related to market and other financial conditions, the potential completion of the proposed offering or the size or terms thereof, satisfaction of customary closing conditions related to the proposed offering, those related to expectations for regulatory matters, the progression and duration of the COVID-19 pandemic and responsive measures thereto and related effects on the Company\u2019s research and development programs, operations and financial position, the initiation and the progress of research and development programs and clinical trials, including enrollment and retention in clinical trials, availability of data from these programs, reliance on clinical trial sites, contract research organizations and other third parties, establishment of manufacturing capabilities, developments from the Company\u2019s competitors and the marketplace for its products, need for additional financing and negotiation and consummation of business development transactions, whether the Company\u2019s cash resources will be sufficient to fund its foreseeable and unforeseeable operating expenses and capital requirements on its expected timelines, and other factors discussed in the \u201cRisk Factors\u201d section contained in the preliminary prospectus supplement and the reports that the Company files with the Securities and Exchange Commission. Any forward-looking statements represent the Company\u2019s views only as of the date of this press release. The Company anticipates that subsequent events and developments may cause its views to change. While the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law.<\/i><\/p>\n<p><b><i>ISEE-G<\/i><\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210712005778r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210712005778\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210712005778\/en\/<\/a><\/span><\/p>\n<p><b><i>Investor Contact:<br \/>\n<\/i><\/b><br \/><i>Iveric Bio<br \/>\n<\/i><br \/><i>Kathy Galante, 212-845-8231<br \/>\n<\/i><br \/><i>Senior Vice President, Investor Relations<br \/>\n<\/i><br \/><i><a rel=\"nofollow\" href=\"mailto:kathy.galante@ivericbio.com\">kathy.galante@ivericbio.com<\/a><\/i><\/p>\n<p><i>or<\/i><\/p>\n<p><b><i>Media Contact:<br \/>\n<\/i><\/b><br \/><i>SmithSolve<br \/>\n<\/i><br \/><i>Alex Van Rees, 973-442-1555 ext. 111<br \/>\n<\/i><br \/><i><a rel=\"nofollow\" href=\"mailto:alex.vanrees@smithsolve.com\">alex.vanrees@smithsolve.com<\/a><\/i><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Health Other Health Research Science Pharmaceutical Optical Biotechnology<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210712005778\/en\/890799\/3\/logo-iveric.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>IVERIC bio, Inc. Announces Proposed Offering of Common Stock NEW YORK&#8211;(BUSINESS WIRE)&#8211; IVERIC bio, Inc. (Nasdaq: ISEE) (the \u201cCompany\u201d), today announced that it is commencing an underwritten public offering of shares of its common stock. In addition, the Company intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15 percent of the number of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares are to be offered by the Company. Cowen, Credit Suisse and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iveric-bio-inc-announces-proposed-offering-of-common-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IVERIC bio, Inc. Announces Proposed Offering of Common Stock&#8221;<\/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-512004","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IVERIC bio, Inc. 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In addition, the Company intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15 percent of the number of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares are to be offered by the Company. Cowen, Credit Suisse and &hellip; Continue reading &quot;IVERIC bio, Inc. 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