Strongbridge Biopharma plc Announces Underwriters’ Partial Exercise of Option to Purchase Additional Shares

DUBLIN, Ireland and TREVOSE, Penn. , Feb. 26, 2018 -- Strongbridge Biopharma plc (NASDAQ:SBBP) (the “Company”) today announced that the underwriters of its previously announced underwritten public offering of 5,000,000 ordinary shares have partially exercised their option to purchase an additional 255,683 ordinary shares from the Company at $6.75 per share, bringing total gross proceeds from this offering to approximately $35.5 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The partial exercise of the underwriters’ option is expected to close on or about February 27, 2018 subject to satisfaction of customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole bookrunner for the offering. JMP Securities LLC is acting as the lead manager for the offering. Oppenheimer & Co. Inc. is acting as lead co-manager and H.C. Wainwright & Co. is acting as co-manager for the offering.

A shelf registration statement relating to the ordinary shares was previously filed with the SEC and declared effective on May 8, 2017. A final prospectus supplement and accompanying prospectus relating to the offering were filed with the SEC on January 26, 2018 and are available on the SEC’s website located at http://www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Ave., 6th Floor, New York, New York 10022 or by e-mail at [email protected]. 

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 registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.

About Strongbridge Biopharma
Strongbridge Biopharma is a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet needs. Strongbridge's commercial portfolio within its rare neuromuscular and rare endocrine franchises includes Keveyis^® (dichlorphenamide), the first and only FDA-approved treatment for hyperkalemic, hypokalemic, and related variants of primary periodic paralysis, and Macrilen™ (macimorelin), the first and only FDA-approved oral drug indicated for the diagnosis of adult growth hormone deficiency. The Company’s rare endocrine franchise also includes a clinical-stage pipeline of therapies: Recorlev™ (levoketoconazole), a cortisol synthesis inhibitor currently being studied for the treatment of endogenous Cushing's syndrome, and veldoreotide, a next-generation somatostatin analog being investigated for the treatment of acromegaly, with potential additional applications in other conditions amenable to somatostatin receptor activation.

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