kearny
March 03, 2005
Aspreva Pharmaceuticals Announces Pricing of Initial Pricing of Initial Public Offering at US$11.00 (C$13.68) Per Share

Aspreva Pharmaceuticals pioneered a novel specialty pharmaceuticals model, indication partnering: expanding the marketing label of already-approved products and selling the product in the new markets. Its first product was CellCept mycophenolate mofetil for autoimmune disorders. Within a year of our investment, the company’s first institutional financing, Aspreva went public [NASDAQ: ASPV].

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Aspreva Pharmaceuticals Corporation (NASDAQ: ASPV; TSX: ASV), today announced the closing of its initial public offering of 8,280,000 common shares at US$11.00 (C$13.68) per share. The shares are listed on the Nasdaq National Market under the trading symbol ASPV and the Toronto Stock Exchange under the trading symbol ASV.
The offering was made through an underwriting syndicate led by Merrill Lynch & Co., co-led by Banc of America Securities LLC, and co-managed by Pacific Growth Equities LLC and BMO Nesbitt Burns Inc.

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