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Orchid BioSciences, Inc.
303 College Road East, Princeton, NJ 08540 * (609) 750-2200
Business Description The company is a leader in the development and commercialization of technologies, products and services designed to measure and use information related to genetic diversity.
Offering
Information

Company has
gone public

Trading As  ORCH (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered  Common Shares Filing Date  2/18/00
Domestic Shares Offered  6,000,000 Offer Date  5/4/00
Foreign Shares Offered  0 Filing Range  $8.00 - $9.00
Company Shares  6,000,000 Offer Price  $8.00
Selling Shrhldrs Shares  0 Gross Spread  $0.560
Gross Proceeds  $48,000,000 Selling  - -
Expenses  - - Reallowance  $0.100
Post-IPO Shares  33,998,606 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Robertson, Stephens & Company Co-manager (415) 989-8500
Salomon Smith Barney Co-manager (212) 723-7300
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 12/31/95 12/31/96 12/31/97 12/31/98 12/31/00    
Revenues   2.795 6.230 3.763 2.781 1.793 - -
Income from Oper.   -0.037 -1.215 -9.977 -12.345 -22.265 - -
Net Income   -0.006 -1.124 -9.928 -11.479 -28.220 - -
E.P.S   -0.050 -3.450 -27.570 -17.090 -95.870 - -
Revenue Growth (%)      122.90 -39.60 -26.10 -35.527   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -15.36 - -
Cash Flow - Inv.     0.02 - -
Cash Flow - Fin.     48.67 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    94.69 Current Assets    37.35 Current Ratio    3.67
Total Liab.    103.14 Current Liab.    10.17 Debt Ratio    108.93%
Total Equity    -8.46 Working Cap.    27.17 Debt to Equity Ratio    -
Cash    33.80    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes including potential acquisitions and to construct or acquire a manufacturing facility.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Mintz, Levin, Cohn, Ferris, Glovsky And Popeo
Bank's Law Firm  Willkie Farr & Gallagher
Registrar/Transfer Agent  American Securities Transfer and Trust
Auditor  KPMG LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
OrbiMed Advisors, LLC 9.40  
Oracle Strategic Partners, LP 8.30  
INVESCO Global Health Sciences Fund 6.50  
Sarnoff Corporation 6.10  
Smithkline Beecham plc 5.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 5/29/00 12:56:58 AM
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