SOUTH SAN FRANCISCO, Calif., March 20, 2017 (GLOBE NEWSWIRE) -- Calithera Biosciences, Inc. (NASDAQ:CALA), a
clinical-stage pharmaceutical company focused on discovering and developing novel small molecule drugs directed against tumor
metabolism and tumor immunology targets for the treatment of cancer, today announced that it intends to offer and sell, subject to
market and other conditions, 4,500,000 shares of its common stock in an underwritten public offering. All of the shares of common
stock are being offered by Calithera. In connection with this offering, Calithera expects to grant the underwriters a 30-day option
to purchase up to 675,000 additional shares of common stock.
Leerink Partners is acting as sole book-running manager for the offering. Wells Fargo Securities is acting as a
lead manager and JMP Securities is acting as a co-manager for the offering. The Offering is subject to market conditions, as well
as NASDAQ approval, and there can be no assurance as to whether or when the Offering may be completed, or the actual size or terms
of the Offering.
A shelf registration statement relating to the offered shares of common stock was filed with the Securities and
Exchange Commission (SEC), and was declared effective on November 24, 2015. A preliminary prospectus supplement and
accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website, located at
www.sec.gov. Copies of the prospectus related to the offering may be obtained, when
available, from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA, 02110, by
email at syndicate@leerink.com, or by telephone at (800) 808-7525, ext. 6132.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities
nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Calithera
Calithera Biosciences, Inc. is a clinical-stage pharmaceutical company focused on discovering and developing
novel small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer. Calithera is
headquartered in South San Francisco, California.
Investor Relations Contact: Jennifer McNealey ir@Calithera.com 650-870-1071
