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Genaissance Pharmaceuticals, Inc.
Five Science Park, New Haven, CT 06511 * (203) 773-1450
Business Description The company is a leader in commercializing population genomic and informatics to improve the development, marketing and prescribing of drugs.
Offering
Information

Company has
gone public

Trading As  GNSC (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered  Common Shares Filing Date  4/20/00
Domestic Shares Offered  6,000,000 Offer Date  8/1/00
Foreign Shares Offered  0 Filing Range  $11.00 - $13.00
Company Shares  6,000,000 Offer Price  $13.00
Selling Shrhldrs Shares  0 Gross Spread  $0.910
Gross Proceeds  $78,000,000 Selling  $0.550
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Deutsch Banc Alex. Brown Lead Manager (410) 727-1700
Bear, Stearns & Co. Inc. Co-manager (212) 272-4850
Salomon Smith Barney Co-manager (212) 723-7300
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 3 Months Ending
Figures in U.S. millions except per share data 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99 3/31/99 3/31/00
Revenues   1.152 1.592 1.476 1.417 0.645 0.275 2.098
Income from Oper.   -0.692 0.140 -0.707 -3.035 -8.795 -1.356 -4.142
Net Income   -0.784 0.062 -0.832 -2.805 -9.040 -1.235 -4.087
E.P.S   -0.380 0.030 -0.420 -1.640 -4.140 -1.746 -2.130
Revenue Growth (%)      38.19 -7.29 -4.00 -54.481   662.91
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - 8.79 - - - - -
Net Profit Margin (%)    - 3.89 - - - - -
Cash Flow - Oper.     -7.39 -0.93 -1.51
Cash Flow - Inv.     2.19 -0.96 -12.12
Cash Flow - Fin.     4.68 0.12 52.95
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/00 Financial Ratios
Total Assets    67.35 Current Assets    55.27 Current Ratio    11.14
Total Liab.    85.09 Current Liab.    4.96 Debt Ratio    126.33%
Total Equity    -17.73 Working Cap.    50.31 Debt to Equity Ratio    -
Cash    42.98    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to purchase consumables and equipment for discovery of our HAP Markers; hire additional informatics personnel; fund internal Mednostics programs; file additional patent applications; and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Palmer & Dodge
Bank's Law Firm  Ropes & Gray
Registrar/Transfer Agent  American Stock Transfer & Trust Co
Auditor  Arthur Andersen
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
International BM Biomedicine holdings, Inc. 11.20  
Connecticut Innovations, Inc. 10.10  
Kleinwort Benson 6.80  
CB Capital Investors, LLC 6.00  
Sofinov Societe Financiere D'Innovation Inc. 5.90  
A&A; Geninvest LLP 5.90  
Canaan Partners 5.80  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 8/13/00 1:10:27 PM
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