January 8, 2010 (FinancialWire) — Synta Pharmaceuticals Corp. (NASDAQ: SNTA) said it intends to offer shares of its common stock in an underwritten public offering. The company plans to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering to cover over-allotments, if any.

Lazard Capital Markets (NYSE: LAZ) is acting as the sole book-running manager. The offering is scheduled to price before 9: 30 a.m. EST on Friday, January 8, 2010.

Synta Pharmaceuticals is a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs meant to treat diseases including cancer and chronic inflammatory diseases.

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