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This filing is made pursuant to Rule
424(b)(3) under the Securities Act of
1933 in connection with Registration
Statement No. 333-26109
PROSPECTUS SUPPLEMENT NO. 1
(TO PROSPECTUS DATED SEPTEMBER 4, 1997)
19,831,145 SHARES OF COMMON STOCK
6,500,188 CLASS A WARRANTS
PACIFIC PHARMACEUTICALS, INC.
This Prospectus Supplement supplements information contained in that
certain prospectus dated September 4, 1997 (the "Prospectus") relating to
19,831,145 shares of Common Stock and 6,500,188 Class A Warrants of Pacific
Pharmaceuticals, Inc. (the "Company") being offered for the account of
certain persons named therein under "Selling Shareholders" or by pledgees,
donees, transferees or other successors in interest of the Selling
Shareholders. This Prospectus Supplement is not complete without, and may not
be delivered or utilized except in connection with, the Prospectus, including
amendments or supplements thereto. Capitalized terms used but not defined
herein have the meanings assigned to them in the Prospectus; except where the
context otherwise requires, the term "Prospectus" includes this Prospectus
Supplement.
The table of Selling Shareholders which starts on page 20 of the
Prospectus is amended, with respect to the named Selling Stockholder's set
forth below and the information set forth below, as follows:
SECURITIES OFFERED BY THIS PROSPECTUS
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NAME OF SELLING STOCKHOLDER COMMON STOCK WARRANTS
- --------------------------- ------------ --------
Mark Abeshouse(8) 7,323 2,375
Joseph Edelman(8) 14,401 4,671
Joseph A. Fabiani, Jr.(8) 4,240 1,375
Marc Florin(8) 32,992 10,700
Peter M. Kash(8) 29,099 9,438
Scott A. Katzmann(8) 158,483 51,400
Martin S. Kratchman(8) 3,854 1,250
Stephen McDermott(8) 1,927 625
Tim McInerney(8) 51,839 16,813
Paramount Capital Inc.(3)(5) 554,928 179,977
Lindsay A. Rosenwald(5) 2,374,016 769,951
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SECURITIES OFFERED BY THIS PROSPECTUS
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NAME OF SELLING STOCKHOLDER COMMON STOCK WARRANTS
- --------------------------- ------------ --------
Wayne L. Rubin(8) 74,749 23,243
Karl Ruggeberg(8) 9,558 3,100
Deborah Soloman(8) 3,854 1,250
David Walner(7) 24,175 7,841
Michael S. Weiss(6) 74,749 24,243
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS SEPTEMBER 9, 1997
