RADNOR, Pa., Sept. 15, 2017 (GLOBE NEWSWIRE) -- Marinus Pharmaceuticals, Inc. (Nasdaq:MRNS) (“Marinus” or the
“Company”) announced the pricing of an underwritten public offering of 9,333,334 shares of common stock for a public offering price
of $3.75 per share. The gross proceeds from the offering are expected to be $35 million, before deducting underwriting discounts
and commissions and estimated offering expenses payable by the Company. The Company has granted the underwriter a 30-day option to
purchase up to an additional 1,400,000 shares of common stock. The offering is expected to close on or about September 19, 2017,
subject to customary closing conditions.
We currently intend to use the net proceeds of this offering to advance the clinical development of ganaxolone,
including trials for our rare genetic pediatric epilepsy program, and for working capital and general corporate purposes.
JMP Securities LLC is acting as sole bookrunning manager for the offering.
The securities described above are being offered by the Company pursuant to a shelf registration statement
previously filed with and declared effective by the Securities and Exchange Commission on August 25, 2015. The offering will be
made only by means of the written prospectus and prospectus supplement that form a part of the registration statement. A prospectus
supplement and the accompanying prospectus relating to the securities being offered will be filed with the SEC and will be
available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating
to the securities being offered may also be obtained from JMP Securities LLC, 600 Montgomery Street, Suite 1100, San Francisco,
California 94111, Attention: Prospectus Department, by calling (415) 835-8985, or by email at syndicate@jmpsecurities.com.
This press release does not constitute an offer to sell or the solicitation of offers to buy any
securities of Marinus being offered, and shall not constitute an offer, solicitation or
sale of any security 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 Marinus Pharmaceuticals, Inc.
Marinus Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company focused on developing and
commercializing innovative therapeutics to treat epilepsy and neuropsychiatric disorders. Our clinical stage product candidate,
ganaxolone, is a positive allosteric modulator of GABAA being developed in three different dose forms: intravenous (IV),
oral capsule and oral liquid. The multiple dose forms are intended to maximize the therapeutic range of ganaxolone for both adult
and pediatric patient populations, in both acute and chronic care, and both in-patient and self-administered settings. Ganaxolone
exhibits anti-seizure and anti-anxiety actions via its effects on synaptic and extrasynaptic GABAA receptors.
To the extent that statements contained in this press release are not descriptions of historical facts
regarding Marinus, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “expect”,
“anticipate”, “estimate”, “intend”, “believe”, and similar expressions (as well as other words or expressions referencing future
events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward looking statements
contained in this press release include, among others, statements regarding our interpretation of preclinical studies, development
plans for our product candidate, including the development of dose forms, the clinical trial testing schedule and milestones, the
ability to complete enrollment in our clinical trials, interpretation of scientific basis for ganaxolone use, timing for
availability and release of data, the safety, potential efficacy and therapeutic potential of our product candidate and our
expectation regarding the sufficiency of our working capital and our expectations on the completion, timing and size of the
proposed public offering and the anticipated use of proceeds therefrom. Forward-looking statements in this release involve
substantial risks and uncertainties that could cause our clinical development programs, future results, performance or achievements
to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties
include, among others, the uncertainties inherent in the conduct of future clinical trials, the timing of the clinical trials,
enrollment in clinical trials, availability of data from ongoing clinical trials, expectations for regulatory approvals,
the attainment of clinical trial results that will be supportive of regulatory approvals, and other matters, including the
development of formulations of ganaxolone and the availability or potential availability of alternative products or
treatments for conditions targeted by the Company that could affect the availability or commercial potential of our drug candidates
and the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to
the proposed public offering. Marinus undertakes no obligation to update or revise any forward-looking statements. For a
further description of the risks and uncertainties that could cause actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the business of the Company in general, see filings Marinus has made with
the Securities and Exchange Commission.
CONTACT:
Company:
Lisa M. Caperelli
Executive Director, Investor & Strategic Relations
Marinus Pharmaceuticals, Inc.
484-801-4674
lcaperelli@marinuspharma.com