SAN DIEGO, Feb. 3 /PRNewswire-FirstCall/ -- Metabasis Therapeutics, Inc. announced today that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC), which upon being declared effective by the SEC, would allow Metabasis to issue from time to time an aggregate of up to $75 million of common stock, warrants or a combination of these securities. The shelf registration is intended to provide flexibility in financing the company's business needs. Specific terms of any offering under the shelf registration and the securities involved would be established at the time of sale.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
About Metabasis (http://www.mbasis.com)/
Metabasis Therapeutics, Inc. is a biopharmaceutical company uniquely focused on the discovery, development and eventual commercialization of novel drugs to address some of the world's most widespread and costly chronic diseases involving pathways in the liver. The Company has established a pipeline that includes clinical stage and preclinical product candidates targeting large markets with significant unmet medical needs. Targeted diseases include major metabolic diseases such as diabetes, hyperlipidemia and obesity as well as liver diseases such as hepatitis and primary liver cancer. Metabasis has developed several proprietary technologies for use in discovering and optimizing drugs, including the NuMimetic(TM) and HepDirect(TM) technologies. Metabasis is continuing to identify and develop new product candidates using its proprietary technologies and expertise.
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