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Tanox, Inc.
10301 Stella Link, Suite 110, Houston, TX 77025 * (713) 664-2288
Business Description The company identifies and develops therapeutics monoclonal antibodies to address significant unmet medical needs in areas of immunology, infectious diseases and cancer.
Offering
Information

Company has
gone public

Trading As  TNOX (NASNTL) Industry  Pharmaceutical (SIC 2836)
Type of Stock Offered  Common Shares Filing Date  2/2/00
Domestic Shares Offered  7,500,000 Offer Date  4/6/00
Foreign Shares Offered  0 Filing Range  $27.00 - $30.00
Company Shares  7,500,000 Offer Price  $28.50
Selling Shrhldrs Shares  0 Gross Spread  $1.990
Gross Proceeds  $213,750,000 Selling  $1.200
Expenses  - - Reallowance  $0.100
Post-IPO Shares  40,790,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CIBC World Markets Lead Manager (212) 667-7400
Adams, Harkness & Hill Co-manager (617) 371-3705
KBC Securities Co-manager  
Robertson, Stephens & Company Co-manager (415) 989-8500
Warburg Dillon Read LLC Co-manager (203) 719-3000
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data     12/31/97 12/31/98 12/31/99    
Revenues   - - 8.939 2.422 1.405 - -
Income from Oper.   - - -0.217 -12.942 -24.340 - -
Net Income   - - 0.630 -10.169 -23.346 - -
E.P.S   - - 0.020 -0.350 -0.750 - -
Revenue Growth (%)      - - -72.91 -41.990   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - 7.05 - - - -
Cash Flow - Oper.     -8.20 - -
Cash Flow - Inv.     0.93 - -
Cash Flow - Fin.     22.99 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    55.33 Current Assets    48.04 Current Ratio    9.03
Total Liab.    15.32 Current Liab.    5.32 Debt Ratio    27.69%
Total Equity    40.01 Working Cap.    42.72 Debt to Equity Ratio    0.38
Cash    44.24    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for research and development activities, for capital expenditures, to finance possible acquisitions and investments in technology, products or businesses and for working capital and other general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  White, Williams & Martin
Bank's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Nancy T. Chang 20.80  
Tse Wen Chang 19.70  
Novartis AG 19.10  
Alafi Capital Company 6.90  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:57:19 AM
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