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Micromet Sells $80.5 Million Common Shares

March 18, 2010 (FinancialWire) — Micromet, Inc. (NASDAQ: MITI) has closed an underwritten public offering, selling a total of 11.5 million shares of its common stock at a public offering price of $7 per share. Prior to closing, the underwriters exercised in full their option to purchase an additional 1.5 million shares of common stock, which contributed to the total sold.

Goldman, Sachs & Co. (NYSE: GS) acted as sole book-running manager.

The company said it received net proceeds from the offering of around $75.3 million. The company plans to use the net proceeds from the financing primarily for general corporate purposes, which may include research and development, capital expenditures, working capital and general and administrative expenses.

Maryland-based Micromet is a biopharmaceutical company focused on the discovery, development and commercialization of antibody-based therapies for the treatment of cancer.

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