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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 1, 2000
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ABGENIX, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 000-24207 94-3248826
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
7601 Dumbarton Circle, Fremont, California 94555
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 608-6500
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Not applicable.
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On March 1, 2000, Abgenix, Inc., a Delaware corporation,
issued a press release announcing that its Board of Directors has declared a
two-for-one stock split to be effected in the form of a stock dividend. The
press release has been filed as an exhibit to this Report on Form 8-K,
attached hereto as Exhibit 99.1.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS.
(c) 99.1 Press Release issued on March 1, 2000 by Abgenix, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ABGENIX, INC.
By: /S/ R. Scott Greer
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R. Scott Greer
President and Chief Executive Officer
Date: March 2, 2000
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INDEX TO EXHIBITS
99.1. Press Release issued on March 1, 2000 by Abgenix, Inc.
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EXHIBIT 99.1
Contact: Kurt Leutzinger
Chief Financial Officer
Abgenix Inc.
(510) 608-6575
ABGENIX ANNOUNCES TWO-FOR-ONE STOCK SPLIT
FREMONT, Calif., March 1, 2000 - Abgenix, Inc. (Nasdaq: ABGX) today announced
that its Board of Directors has approved a two-for-one split of the Company's
outstanding shares of Common Stock.
The stock split will be effected in the form of a stock dividend and will
entitle each stockholder of record at the close of business on March 16, 2000
to receive one share of Common Stock for every share of Common Stock held.
The stock dividends resulting from the stock split are expected to be
distributed by the transfer agent on April 6, 2000.
As of March 1, 2000, Abgenix had approximately 19.7 million shares
outstanding. Upon completion of the split, the number will increase to
approximately 39.4 million.
Abgenix is a biopharmaceutical company that develops and intends to
commercialize antibody therapies for the treatment of such conditions as
transplant-related diseases, inflammatory and autoimmune disorders,
cardiovascular disease, infectious diseases, and cancer. For more
information on Abgenix, visit the Company's Web site at www.abgenix.com.
Abgenix developed XenoMouse-TM- technology to enable the rapid generation of
high affinity, fully human antibody product candidates to essentially any
disease target appropriate for antibody therapy. Abgenix has collaborative
arrangements with multiple pharmaceutical and biotechnology companies
involving its XenoMouse technology. In addition, Abgenix has multiple
proprietary antibody product candidates under development internally, three
of which are in human clinical trials for graft-versus-host disease,
psoriasis, rheumatoid arthritis, and cancer.
STATEMENTS MADE IN THIS PRESS RELEASE ABOUT ABGENIX'S XENOMOUSE TECHNOLOGY,
PRODUCT DEVELOPMENT ACTIVITIES AND COLLABORATIVE ARRANGEMENTS OTHER THAN
STATEMENTS OF HISTORICAL FACT, ARE FORWARD LOOKING STATEMENTS AND ARE SUBJECT
TO A NUMBER OF UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THE STATEMENTS MADE, INCLUDING RISKS ASSOCIATED WITH THE
SUCCESS OF CLINICAL TRIALS, THE PROGRESS OF RESEARCH AND PRODUCT DEVELOPMENT
PROGRAMS, THE REGULATORY APPROVAL PROCESS, COMPETITIVE PRODUCTS, FUTURE
CAPITAL REQUIREMENTS AND THE EXTENT AND BREADTH OF ABGENIX'S PATENT
PORTFOLIO. PLEASE SEE ABGENIX'S PUBLIC FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION FOR INFORMATION ABOUT RISKS THAT MAY AFFECT ABGENIX.
