Financing

Case Study

Threshold Pharmaceuticals

• Geller Biopharm was retained to work with Threshold as its advisor in October of 2008, THLD ~ $0.38/Share
• Initial work entailed positioning: focusing on breakthrough technology and presentation: building investor appropriate materials
• Set up non-deal road shows to introduce the story to venture capital groups, buy side and crossover funds, and arranged investor presentations at medical conferences with key opinion leaders and analysts
• Acquired multiple term sheets for lead investor and arrived at optimal term sheet
• Finalized book of over $35M in orders, management authorized raise increase to $35M
  • Lead investors included Federated Kaufmann, Frazier and Great Point
• Closed transaction at $1.91/Share, a 5X increase in price from initiation of the engagement a year earlier