Horizon expects that the net proceeds from this financing, combined with existing cash resources, will fund the company's operations into the second half of 2013 and will be used for the ongoing commercial launch of DUEXIS® in the U.S., to pursue regulatory approval for LODOTRA® in the U.S. and DUEXIS in
The securities to be sold in this private financing have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and accordingly may not be offered or sold in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of any such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
This press release contains forward-looking statements, including statements regarding Horizon's receipt of proceeds upon the closing of the private financing, Horizon's expected use of the net proceeds from the private financing, the length of time Horizon's existing cash and net proceeds from the private financing will fund operations, the expected closing date of the private financing, and the anticipated filing of a registration statement to cover the resale of the shares of common stock expected to be issued in the private financing. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release, and actual results may differ materially from those in these forward-looking statements as a result of various factors. These factors include, but are not limited to, risks regarding Horizon's ability to meet the closing conditions associated with the private financing and complete the closing on its anticipated timeline, Horizon's ability to commercialize DUEXIS in the U.S. and pursue additional regulatory approvals for DUEXIS and LODOTRA, unexpected future requirements for cash resources, the possibility of early maturity of Horizon's recently completed loan facility or requirements to prepay all or part of the outstanding balance of the loan facility and Horizon's ability to comply with the covenants and obligations under the loan facility and related agreements. For a further description of these and other risks facing the Company, please see the risk factors described in the Company's filings with the
Robert J. De VaereExecutive Vice President and Chief Financial Officer Email Contact Media Julie NormartInvigorate PR 415-946-1087 Email Contact Investors Kathy Galante Burns McClellan, Inc.212-213-0006 Email Contact
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