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Research company announces public offering of common stock

Published in Biotech Business Week, February 21st, 2005

Nuvelo, Inc., (NASDAQ:NUVO) announced plans to offer 7,000,000 shares of its common stock in an underwritten public offering.

The offering will be made pursuant to the company's effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission. The underwriters will have an option to purchase up to an additional 1,050,000 shares to cover over-allotments.

UBS Securities LLC is acting as the sole book-running manager in this offering with Deutsche Bank Securities Inc. acting as a colead manager and CIBC World Markets Corp. and Needham & Company, Inc. acting as comanagers.

Nuvelo, Inc. is...

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