KaloBios Pharmaceuticals Announces Offering of Common Stock

KaloBios Pharmaceuticals, Inc. (KaloBios)

today announced that it is offering to sell shares of its common stock in an underwritten public offering. KaloBios also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock offered in the public offering to cover over-allotments, if any. All of the shares in the offering are to be sold by KaloBios, with net proceeds to be used to develop and advance product candidates through clinical trials, as well as for working capital and general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. (Logo: http://photos.prnewswire.com/prnh/20130225/MM66380LOGO) Leerink Swann LLC is acting as the sole book-running manager of the offering.  William Blair & Company, L.L.C., Needham & Company LLC, and JMP Securities LLC are acting as co-managers for the offering. A shelf registration statement on Form S-3 relating to the public offering of the shares