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Ista Pharmaceuticals, Inc.
15279 Alton Parkway, Building 100, Irvine, CA 92618 * (949) 788-6000
Business Description The company discovers and develops novel therapeutics for diseases and conditions of the eye.
Offering
Information

Company has
gone public

Trading As  ISTA (NASNTL) Industry  Manufacturing (SIC 3845)
Type of Stock Offered  Common Shares Filing Date  4/5/00
Domestic Shares Offered  3,000,000 Offer Date  8/21/00
Foreign Shares Offered  0 Filing Range  $13.00 - $15.00
Company Shares  3,000,000 Offer Price  $10.50
Selling Shrhldrs Shares  0 Gross Spread  $0.735
Gross Proceeds  $31,500,000 Selling  $0.370
Expenses  - - Reallowance  $0.100
Post-IPO Shares  15,930,000 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CIBC World Markets Lead Manager (212) 667-7400
Prudential Vector Healthcare Co-manager (800) 546-1231
Thomas Weisel Partners LLC Co-manager (415) 364-2500
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 0.000 - -
Income from Oper.   - - -6.918 -9.670 -14.302 - -
Net Income   - - -6.752 -9.624 -14.284 - -
E.P.S   - - -4.890 -6.640 -8.800 - -
Revenue Growth (%)      - - - -   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -10.25 - -
Cash Flow - Inv.     -0.10 - -
Cash Flow - Fin.     8.66 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    3.02 Current Assets    1.64 Current Ratio    0.25
Total Liab.    11.68 Current Liab.    6.64 Debt Ratio    386.67%
Total Equity    -8.66 Working Cap.    -4.99 Debt to Equity Ratio    -
Cash    0.71    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to fund clinical trials and preclinical research, with a particular focus on Vitrase, to finance the possible acquisition of complementary technologies, products or businesses and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Wilson, Sonsini, Goodrich & Rosati
Bank's Law Firm  Skadden, Arps, Slate, Meagher & Flom
Auditor  Ernst & Young
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Biotechnology Investments Ltd.    
Allergan Pharmaceuticals (Ireland) Ltd., Inc.    
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/25/00 7:27:11 PM
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