Neothetics Announces Closing Of Upsized IPO

Neothetics, Inc.

, a clinical-stage specialty pharmaceutical company developing therapeutics for the aesthetic market, today announced the closing of its initial public offering of 4,650,000 shares of its common stock at an initial public offering price of $14.00 per share. The company originally filed to raise 4,300,000 shares. Neothetics' common stock is listed on The NASDAQ Global Market under the trading symbol "NEOT." All shares of the common stock in this offering were offered by Neothetics. Neothetics estimates net proceeds from the offering to be approximately $60.5 million, after deducting underwriting discounts and commissions and estimated offering expenses. Piper Jaffray & Co. and Guggenheim Securities, LLC, are acting as joint book-running managers for the offering. Needham & Company is acting as a co-manager. A registration statement relating to the securities being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on November 19, 2014. This offering was made only by means of a prospectus forming part of the effective registration statement. A copy of the prospectus can be obtained from Piper Jaffray & Co., Attention: Equity Capital Markets, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, telephone: (800) 747-3924, email: prospectus@pjc.com or from Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, telephone (212) 518-9349 or by email to GSEquityProspectusDelivery@guggenheimpartners.com. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.