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Heron Therapeutics, Inc. Announces Proposed Underwritten Offering of Common Stock

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Jun. 24, 2014-- Heron Therapeutics, Inc. (NASDAQ: HRTX), a specialty pharmaceutical company, today announced its intention to offer and sell shares of its common stock in an underwritten offering pursuant to its existing shelf registration. All of the shares in the proposed offering are to be sold by Heron Therapeutics, Inc.

Jefferies LLC and Leerink Partners LLC are acting as joint book-runners for the offering. Heron Therapeutics, Inc. intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. The offering is subject to market conditions, 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.

Heron Therapeutics, Inc. intends to use the net proceeds from the underwritten offering for general corporate purposes, funding ongoing and future clinical trials and for general and administrative expenses.

The securities described above are being offered pursuant to a shelf registration statement (File No. 333-195928), which was declared effective by the United States Securities and Exchange Commission (“SEC”) on May 23, 2014. The securities described above have not been qualified under any state blue sky laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The offering can be made only by means of a prospectus, copies of which may be obtained at the SEC’s website at www.sec.gov, or by request at Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY 10022, telephone: (877) 547-6340, e-mail: Prospectus_Department@Jefferies.com.

Source: Heron Therapeutics, Inc.

Heron Therapeutics, Inc.
Investor Relations Contact:
Jennifer Capuzelo, 858-703-6063
Sr. Manager, Investor Relations
jcapuzelo@herontx.com
and
Corporate Contact:
Brian Drazba, 650-366-2626
Vice President, Finance and Chief Financial Officer