Aerie Announces Closing of $125 Million Convertible Notes Financing
Proceeds of the financing are expected to provide sufficient resources to complete all known clinical requirements for Aerie's development programs advancing RhopressaTM and RoclatanTM, and to commercialize RhopressaTM later in 2017, pending successful outcome of the trials. Aerie also intends to use the proceeds in part for general corporate purposes and for strategic growth opportunities.
"Now that the Deerfield financing has closed, we have the financial
resources to drive our lead clinical programs forward into
commercialization while having the additional flexibility to execute our
strategy of building a major ophthalmic pharmaceutical company,"
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
Aerie is a clinical-stage pharmaceutical company focused on the
discovery, development and commercialization of first-in-class glaucoma
therapies. The Company has commenced two Phase 3 registration trials in
The Company also recently completed a Phase 2b clinical trial for
quadruple-action RoclatanTM, which met the primary efficacy
endpoint, demonstrating statistical superiority of RoclatanTM
to each of its components. RoclatanTM is a fixed-dose
combination of RhopressaTM with latanoprost, the
Deerfield is a leading investment management firm, committed to advancing healthcare through investment, information and philanthropy. For more information, please visit www.deerfield.com.
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Forward-looking statements include statements regarding our intentions,
beliefs, projections, outlook, analyses or current expectations
concerning, among other things: the success, timing and cost of our
ongoing and anticipated preclinical studies and clinical trials for our
current product candidates, including statements regarding the timing of
initiation and completion of the studies and trials; our expectations
regarding the clinical effectiveness of our product candidates and
results of our clinical trials; the timing of and our ability to obtain
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