UroGen Pharma Announces Closing of Upsized Public Offering of Ordinary Shares and Full Exercise of Underwriters' Option

RA’ANANA, Israel and NEW YORK, Jan. 23, 2018 -- UroGen Pharma Ltd. (Nasdaq:URGN), a clinical-stage biopharmaceutical company developing treatments to address unmet needs in the field of urology, with a focus on uro-oncology, today announced the closing of its public offering of 1,463,414 ordinary shares, at a public offering price of $41.00 per share. In addition, the underwriters exercised their option to purchase an additional 219,512 ordinary shares at the public offering price, less the underwriting discounts and commissions. After deducting the underwriting discounts and other estimated offering expenses, the net proceeds of the public offering are expected to be approximately $64 million. All ordinary shares sold in this offering were offered by the Company.

Jefferies LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. Oppenheimer & Co. Inc. acted as lead manager for the offering. Ladenburg Thalmann & Co. Inc. and National Securities Corporation acted as co-managers for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on January 18, 2018. The offering was made only by means of a prospectus, which is part of the effective registration statement. Copies of the prospectus related to the offering may be obtained from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: (877) 547-6340, e-mail: [email protected]; or from Cowen and Company, LLC, c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, by telephone at (631) 274-2806 or by fax at (631) 254-7140.

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 or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About UroGen Pharma Ltd.
UroGen Pharma Ltd. (Nasdaq:URGN) is a clinical-stage biopharmaceutical company developing advanced non-surgical treatments to address unmet needs in the field of urology, with a focus on uro-oncology. The Company has developed RTGel™, a proprietary sustained release, hydrogel-based formulation for potentially improving therapeutic profiles of existing drugs. UroGen Pharma's sustained release technology is designed to enable longer exposure of the urinary tract tissue to medications, making local therapy a potentially more effective treatment option. UroGen Pharma's lead product candidates, MitoGel™ and VesiGel™, are designed to potentially remove tumors by non-surgical means and to treat several forms of non-muscle invasive urothelial cancer, including low-grade upper tract urothelial carcinoma and bladder cancer. UroGen Pharma is headquartered in Ra’anana, Israel and maintains a corporate office in New York City.

Forward Looking Statements
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including with respect to anticipated use of proceeds, the clinical development and commercial prospects of the product candidates in UroGen Pharma’s pipeline and the scope and development of UroGen Pharma’s product candidate pipeline, which statements are subject to a number of risks, uncertainties and assumptions. In light of these risks and uncertainties, and other risks and uncertainties that are described in the Risk Factors section of the preliminary prospectus for this offering filed with the SEC on January 16, 2018 and other filings that UroGen Pharma makes with the SEC from time to time (which are available at www.sec.gov), the events and circumstances discussed in such forward-looking statements may not occur, and UroGen Pharma’s actual results could differ materially and adversely from those anticipated or implied thereby. Any forward-looking statements speak only as of the date of this press release and are based on information available to UroGen Pharma as of the date of this release.

UROGEN CONTACTS:

Christine Cassiano
Corporate Affairs Officer
[email protected]
714-552-0326

Or

Kate Bechtold
Director, Corporate Communications & Investor Relations
[email protected]
914-552-0456