NASDAQ: CORV TSX: CORV
VANCOUVER, March 14, 2019 /PRNewswire/ - Correvio Pharma Corp.
(Nasdaq: CORV) (TSX: CORV), ("Correvio" or the "Company"), a specialty pharmaceutical company focused on commercializing hospital
drugs, today announced that it has entered into an At the Market Sales Issuance Agreement dated March 13,
2019 (the "Sales Agreement") with Cantor Fitzgerald & Co. ("Cantor") as agent, pursuant to which the Company may, from
time to time sell, through "at-the-market" offerings on the Nasdaq Capital Market or another existing trading market in
the United States with Cantor as agent, such number of common shares as would have an aggregate
offer price of up to US$50,000,000 subject to a limit of US$12,000,000 under the ATM Prospectus Supplement (as defined below). Cantor, at Correvio's discretion and
instruction, will use its commercially reasonable efforts to sell the common shares at market prices from time to time. No offers
or sales of common shares will be made in Canada or through the facilities of the Toronto Stock
Exchange.
The offerings will be made by way of a prospectus supplement (the "ATM Prospectus Supplement") to the Company's Canadian final
base shelf prospectus and its U.S. final base shelf prospectus, filed under a registration statement on Form F-10, each dated
July 5, 2018 (together, the "Base Shelf Prospectuses"). The ATM Prospectus Supplement has been
filed with securities regulatory authorities in each of the provinces of Canada, other than
Québec, and in the United States with the U.S. Securities and Exchange Commission.
The Company plans to use the net proceeds from the offerings, if any, for preparations for future product launches, including
the expected resubmission of an NDA for Brinavess® (vernakalant IV), business development opportunities and general corporate
purposes. Additional information regarding the Sales Agreement is available in the ATM Prospectus Supplement.
Copies of the ATM Prospectus Supplement (together with the related Base Shelf Prospectuses) may be obtained from Correvio by
submitting a request to Investor Relations at Correvio's address at 1441 Creekside Dr., 6th Floor, Vancouver, British Columbia, Canada, V6J 4S7 or under the Company's profile on SEDAR at www.sedar.com or on EDGAR at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of
these common shares in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or
qualifications under the securities laws of any such jurisdiction.
About Correvio Pharma Corp.
Correvio Pharma Corp. is a specialty pharmaceutical company focused on providing innovative, high-quality brands that meet the
needs of acute care physicians and patients. With a commercial presence and distribution network covering over 60 countries
worldwide, Correvio develops, acquires and commercializes brands for the in-hospital, acute care market segment. The Company's
portfolio of approved and marketed brands includes: Xydalba™ (dalbavancin hydrochloride), for the treatment of acute bacterial
skin and skin structure infections (ABSSSI); Zevtera®/Mabelio® (ceftobiprole medocaril sodium), a cephalosporin antibiotic for
the treatment of community- and hospital-acquired pneumonia (CAP, HAP); Brinavess® (vernakalant IV) for the rapid conversion of
recent onset atrial fibrillation to sinus rhythm; Aggrastat® (tirofiban hydrochloride) for the reduction of thrombotic
cardiovascular events in patients with acute coronary syndrome, and Esmocard® and Esmocard Lyo® (esmolol hydrochloride), a
short-acting betablocker used to control rapid heart rate in a number of cardiovascular indications. Correvio's pipeline of
product candidates includes Trevyent®, a drug device combination that is designed to deliver treprostinil, the world's leading
treatment for pulmonary arterial hypertension.
Correvio is traded on the Nasdaq Capital Market (CORV) and the Toronto Stock Exchange (CORV).
Forward-Looking Statement Disclaimer
Certain statements in this news release contain forward-looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation ("forward-looking
statements") that may not be based on historical fact, including without limitation statements containing the words "believe",
"may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect" and similar expressions. Forward-looking
statements may involve, but are not limited to, statements regarding the "at-the-market" offering, including the proposed
offerings of our common shares and the intended use of proceeds from any sale of our common shares, and the expected NDA
resubmission for Brinavess® (vernakalant IV). Such forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, events or developments to be materially different from any future results,
events or developments expressed or implied by such forward-looking statements. A detailed discussion of the risks and
uncertainties facing Correvio are discussed in the Company's annual information form and detailed from time to time in our other
filings with the U.S. Securities and Exchange Commission ("SEC") available at www.sec.gov and the Canadian securities regulatory authorities at www.sedar.com. In particular, we direct your attention to the Base Shelf Prospectuses and our annual information
form for the year ended December 31, 2018, filed with the SEC in the
United States on Form 40-F. All of the risks and certainties disclosed in these filings are hereby incorporated by
reference in their entirety. While Correvio makes these forward-looking statements in good faith, given these risks,
uncertainties and factors, you are cautioned not to place undue reliance on any forward-looking statements made in this press
release. All forward-looking statements made herein are based on our current expectations and we undertake no obligation to
revise or update such forward-looking statements to reflect subsequent events or circumstances, except as required by law.
Correvio® and the Correvio logo are the proprietary trademarks of Correvio Pharma Corp.
Aggrastat® and Brinavess® are trademarks owned by Correvio and its affiliates worldwide.
XydalbaTM is a trademark of Allergan Pharmaceuticals International Limited, and used under license. Zevtera® and
Mabelio® are trademarks owned by Basilea Pharmaceutica International Ltd., and used under license.
Esmocard® and Esmocard Lyo® are trademarks owned by Orpha-Devel Handels und Vertriebs GmbH, and used under license.
Trevyent® is a trademark of SteadyMed and used under license.
All other trademarks are the property of their respective owners.
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SOURCE Correvio Pharma Corp