November 12, 2010 (FinancialWire) (http://www.financialwire.net/) — Cadence Pharmaceuticals, Inc. (NASDAQ: CADX) said that it has priced an underwritten public offering of 11.5 million shares of its common stock at $8 per share. Deutsche Bank Securities (NYSE: DB) is acting as sole bookrunner.

Cadence said it expects to see net proceeds of around $86.2 million. The offering is scheduled to close on or about November 16.

Cadence has granted the underwriters for the offering an option for a period of 30 days to purchase up to an additional 1.725 million shares of common stock to cover over-allotments, if any.

California-based Cadence Pharmaceuticals is a biopharmaceutical company focused on in-licensing, developing and commercializing proprietary product candidates to improve the lives of hospitalized patients.

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