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AtheroGenics, Inc
8995 Westside Parkway, Alpharetta, GA 30004 * (678) 336-2500
Business Description The company is an emerging pharmaceutical company focused on the discovery, development and commercialization of novel small molecule therapeutics for the treatment of chronic inflammatory diseases, such as atherosclerosis, asthma and arthritis.
Offering
Information

Company has
gone public

Trading As  AGIX (NASNTL) Industry  Pharmaceutical (SIC 2834)
Type of Stock Offered  Common Shares Filing Date  2/25/00
Domestic Shares Offered  6,000,000 Offer Date  8/8/00
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  6,000,000 Offer Price  $8.00
Selling Shrhldrs Shares  0 Gross Spread  $0.560
Gross Proceeds  $48,000,000 Selling  $0.330
Expenses  - - Reallowance  $0.100
Post-IPO Shares  22,820,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Chase H&Q; Lead Manager (415) 439-3626
A.G. Edwards & Sons, Inc. Co-manager (314) 955-3039
Adams, Harkness & Hill Co-manager (617) 371-3705
Robertson, Stephens & Company Co-manager (415) 989-8500
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   - - 0.000 0.000 5.792 - -
Income from Oper.   - - -5.645 -10.528 -5.928 - -
Net Income   - - -5.159 -10.734 -5.989 - -
E.P.S   - - -2.250 -4.450 -2.450 - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -6.68 - -
Cash Flow - Inv.     -1.12 - -
Cash Flow - Fin.     17.52 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    15.72 Current Assets    14.29 Current Ratio    10.94
Total Liab.    40.56 Current Liab.    1.31 Debt Ratio    258.07%
Total Equity    -24.84 Working Cap.    12.98 Debt to Equity Ratio    -
Cash    13.41    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used research and development activities, including clinical trials, process development and manufacturing support, potential licensing and acquisition opportunities and for general corporate purposes including working capital.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Long, Aldridge & Norman
Bank's Law Firm  Brown & Wood
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Entities affiliated with Alliance Technology Ventures LP 16.80  
William Blair Capital Partners VI, L.P. 16.50  
Entities affiliated with Sprout Capital, VII, L.P. 10.50  
Entities affiliated with Domain Associates, L.L.C. 10.20  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/20/00 7:02:43 PM
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