GTx Announces Proposed Public Offering of Common Stock

GTx, Inc. GTXI today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the shares in the offering are to be sold by GTx. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Citi and Jefferies & Company, Inc. are acting as joint book-running managers and underwriters for the proposed offering. GTx intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the amount sold to cover over-allotments, if any.