ABGENIX INC
8-K, 2000-01-28
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
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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): JANUARY 28, 2000
                                                        ----------------------


                                  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
                                                   ---------------------------

Not applicable.

         (Former name or former address, if changed since last report.)


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ITEM 5.  OTHER EVENTS.

     On January 28, 2000, Abgenix, Inc., a Delaware corporation (the "Company"),
issued a press release announcing that it filed on January 28, 2000 a
Registration Statement on Form S-1 with the Securities and Exchange Commission,
covering the underwritten public offering of the Company's Common Stock. 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 January 28, 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
                                         -----------------------------------
                                           R. Scott Greer
                                           President and Chief Executive Officer


Date: January 28, 2000


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                                INDEX TO EXHIBITS

99.1. Press Release issued on January 28, 2000 by Abgenix, Inc.


<PAGE>

         ABGENIX FILES COMMON STOCK OFFERING OF UP TO 2.5 MILLION SHARES

             Includes Up To 700,000 Shares To Be Sold By Cell Genesys

FREMONT, Calif., Jan. 28, 2000 Abgenix, Inc. (Nasdaq: ABGX) today announced
that it has filed a Registration Statement on Form S-1 with the Securities and
Exchange Commission.

The registration statement covers a proposed offering of up to 2,500,000
shares of common stock and includes up to 700,000 shares of common stock to
be sold by a selling stockholder, Cell Genesys, Inc. (Nasdaq: CEGE). To the
extent the underwriters sell more than 2,500,000 shares of common stock, the
underwriters have an option to purchase up to an additional 375,000 shares,
of which 270,000 shares shall be from Abgenix and 105,000 shares shall be
from the selling stockholder, Cell Genesys, Inc. The offering will be managed
by Robertson Stephens, Lehman Brothers Inc., Merrill Lynch & Co. and Pacific
Growth Equities, Inc.

This press 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 in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
The offer is made only by the prospectus, a copy of which may be obtained
from Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA
94104, (415) 781-9700.

Abgenix is a biopharmaceutical company that develops and intends to
commercialize antibody therapeutic products for the treatment of a variety of
disease conditions, including transplant-related diseases, inflammatory and
autoimmune disorders, cardiovascular disease, infectious disease, and cancer.

Abgenix developed XenoMouse, a proprietary technology to enable quick generation
of high affinity, fully human antibody product candidates that bind 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 four
proprietary antibody product candidates under development internally, three of
which are in human clinical trials.

Statements made in this press release, 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' public filings with the
Securities and Exchange Commission for information about risks that may affect
Abgenix.


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