-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PRn/cMFiXYf7qPSZJ3Ye5/yNAiYkeC0dCudSQGm8yF9M2tsDUSRWAXqXXu17mPkw 9Qcnjw3Mea2RZfKlEGw/WQ== 0000898430-97-001878.txt : 19970506 0000898430-97-001878.hdr.sgml : 19970506 ACCESSION NUMBER: 0000898430-97-001878 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19970505 SROS: NASD GROUP MEMBERS: BIOTECHNOLOGY VALUE FUND L P ET AL GROUP MEMBERS: BVF INC. GROUP MEMBERS: BVF PARTNERS L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEUROGEN CORP CENTRAL INDEX KEY: 0000849043 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 222845714 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41776 FILM NUMBER: 97595316 BUSINESS ADDRESS: STREET 1: 35 NORTHEAST INDUSTRIAL RD CITY: BRANFORD STATE: CT ZIP: 06405 BUSINESS PHONE: 2034888201 MAIL ADDRESS: STREET 1: 35 NORTHEAST INDUSTRIAL RD CITY: BRANFORD STATE: CT ZIP: 06405 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BIOTECHNOLOGY VALUE FUND L P ET AL CENTRAL INDEX KEY: 0000918923 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 363924731 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE SANSOME STREET STREET 2: 39TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-288-2395 MAIL ADDRESS: STREET 1: ONE SANSOME STREET STREET 2: 39TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 SC 13D/A 1 SCHEDULE 13D AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ----------------- SCHEDULE 13D (Rule 13d-101) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)/1/ Neurogen Corporation -------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 64124 E 106 ----------- (CUSIP Number) Hope Flack BVF Partners L.P. 333 West Wacker Drive, Suite 1600 Chicago, Illinois 60606 (312) 263-7777 -------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 16, 1997 -------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 7 Pages) - ------------------------- /1/ The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 2 OF 7 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Biotechnology Value Fund, L.P. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS 5 REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 566,920 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 566,920 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 566,920 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 13 4.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 3 OF 7 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BVF Partners L.P. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS 5 REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 1,055,106 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,055,106 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,055,106 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 13 7.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 4 OF 7 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BVF Inc. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC, OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS 5 REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 1,055,106 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 1,055,106 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 1,055,106 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 13 7.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IA,CO - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 5 OF 7 PAGES - ----------------------- --------------------- This Amendment No. 1 (this "Amendment") relates to the Statement on Schedule 13D (the "Statement") dated March 18, 1997, filed with the Securities and Exchange Commission on behalf of Biotechnology Value Fund, L.P., a Delaware limited partnership ("BVF"), BVF Partners L.P., a Delaware limited partnership ("Partners"), and BVF Inc., a Delaware corporation ("BVF Inc." and, together with BVF and Partners, the "Reporting Persons") with respect to the Common Stock, par value $.025 per share (the "Stock"), of Neurogen Corporation ("Neurogen"). Item 3 is hereby amended to read in its entirety as follows: ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Since March 5, 1997, Partners, in its capacity as general partner of BVF, has purchased on behalf of such limited partnership an aggregate number of 125,300 shares of the Stock for an aggregate consideration of $2,078,262.50, utilizing funds provided by BVF from its working capital pursuant to the terms of its limited partnership agreement with Partners. In addition, Partners, in its capacity as investment manager with respect to certain managed accounts, has purchased on behalf of such managed accounts an aggregate number of 98,800 shares of the Stock for an aggregate consideration of $1,535,834.00, utilizing funds under management by Partners pursuant to an investment management agreement between Partners and such managed accounts. Item 5 is hereby amended to read in its entirety as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) BVF beneficially owns 566,920 shares of the Stock, Partners beneficially owns 1,055,106 shares of the Stock, and BVF Inc. beneficially owns 1,055,106 shares of the Stock, approximately 4.0%, 7.4% and 7.4%, respectively, of the aggregate number of shares outstanding as of May 2, 1997. (b) BVF shares voting and dispositive power over the 566,920 shares of the Stock it beneficially owns with Partners. Partners and BVF Inc. share voting and dispositive power over the 1,055,106 shares of the Stock they beneficially own with, in addition to BVF, the managed accounts on whose behalf Partners, as investment manager, purchased such shares. The managed accounts on whose behalf Partners owns shares of the Stock are Investment 10 L.L.C., an Illinois limited liability company ("ILL10"), Palamundo, L.D.C., a limited duration company organized under the laws of the Cayman Islands ("Palamundo"), ZPG Securities, L.L.C., a New York limited liability company ("ZPG") and Biotechnology Value Fund, Ltd., a Cayman Islands Corporation ("BVF Ltd."). ILL10, Palamundo, ZPG and BVF Ltd. are collectively referred to herein as the "Accounts." The Accounts specialize in holding biotechnology stocks for investment purposes and the business address of each is c/o BVF Partners L.P., 333 West Wacker - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 6 OF 7 PAGES - ----------------------- --------------------- Drive, Suite 1600, Chicago, Illinois 60606. (c) Exhibit B attached hereto contains information as to all transactions in the Stock by the Reporting Persons since the most recent filing on Schedule 13D. All such transactions were made for cash in open market, over-the-counter transactions. No other transactions in the Stock have been effected by the Reporting Persons since the most recent filing on Schedule 13D. (d) The Accounts are entitled to receive dividends and any sale proceeds with respect to the Stock in proportion to their respective ownership interests therein. Item 7 is hereby amended to read in its entirety as follows: ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit A - Agreement Regarding Joint Filing Exhibit B - Transactions in the Stock by the Reporting Persons since the most recent filing on Schedule 13D. - ----------------------- --------------------- CUSIP NO. 64124 E 106 13D PAGE 7 OF 7 PAGES - ----------------------- --------------------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 2, 1997 BIOTECHNOLOGY VALUE FUND, L.P. By: BVF Partners L.P., its general partner By: BVF Inc., its general partner By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President BVF PARTNERS L.P. By: BVF Inc., its general partner By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President BVF INC. By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President EX-99.A 2 AGREEMENT REGARDING JOINT FILING EXHIBIT A AGREEMENT REGARDING JOINT FILING -------------------------------- The undersigned, Biotechnology Value Fund, L.P., a Delaware limited partnership, and BVF Partners L.P., a Delaware limited partnership, and BVF Inc., a Delaware corporation, hereby agree and acknowledge that the Amendment containing the information required by Schedule 13D, to which this Agreement is attached as an exhibit, is filed on behalf of each of them. The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them. Dated: May 2, 1997 BIOTECHNOLOGY VALUE FUND, L.P. By: BVF Partners L.P., its general partner By: BVF Inc., its general partner By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President BVF PARTNERS L.P. By: BVF Inc., its general partner By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President BVF INC. By: /s/ MARK N. LAMPERT ------------------- Mark N. Lampert President EX-99.B 3 TRANSACTIONS IN THE STOCK BY THE REPORTING PERSONS EXHIBIT B TRANSACTIONS IN THE STOCK BY THE REPORTING PERSONS -------------------------------------------------- SINCE THE MOST RECENT FILING ON SCHEDULE 13D --------------------------------------------
- ----------------------------------------------------------------------------- Settlement For the Price Per Type of - ---------- ------- --------- ------- Date By Account of Quantity Share Trade Broker ---- -- ---------- -------- ----- ----- ------ - ----------------------------------------------------------------------------- 03/06/97 Partners BVF 20,000 17.1875 Purchase GROW - ----------------------------------------------------------------------------- 03/06/97 Partners ILL10 4,000 17.1875 Purchase GROW - ----------------------------------------------------------------------------- 03/06/97 Partners PAL 2,000 17.1875 Purchase GROW - ----------------------------------------------------------------------------- 03/06/97 Partners ZPG 2,000 17.1875 Purchase GROW - ----------------------------------------------------------------------------- 03/06/97 Partners BVF, Ltd. 12,000 17.1875 Purchase GROW - ----------------------------------------------------------------------------- 03/10/97 Partners BVF 2,500 17.2500 Purchase GROW - ----------------------------------------------------------------------------- 03/11/97 Partners BVF 8,000 17.2500 Purchase RSSF - ----------------------------------------------------------------------------- 03/11/97 Partners PAL 4,000 17.2500 Purchase RSSF - ----------------------------------------------------------------------------- 03/11/97 Partners ZPG 3,000 17.2500 Purchase RSSF - ----------------------------------------------------------------------------- 03/11/97 Partners BVF 35,000 17.5000 Purchase GROW - ----------------------------------------------------------------------------- 03/11/97 Partners BVF, Ltd. 15,000 17.5000 Purchase GROW - ----------------------------------------------------------------------------- 03/13/97 Partners BVF 25,000 17.8750 Purchase GROW - ----------------------------------------------------------------------------- 03/21/97 Partners ILL10 800 19.0000 Purchase INET - ----------------------------------------------------------------------------- 04/03/97 Partners BVF 300 19.0000 Purchase MIST - ----------------------------------------------------------------------------- 04/16/97 Partners BVF 4,000 14.3750 Purchase GROW - ----------------------------------------------------------------------------- 04/16/97 Partners ILL10 1,000 14.3750 Purchase GROW - ----------------------------------------------------------------------------- 04/16/97 Partners PAL 2,000 14.3750 Purchase GROW - ----------------------------------------------------------------------------- 04/16/97 Partners ZPG 1,000 14.3750 Purchase GROW - ----------------------------------------------------------------------------- 04/16/97 Partners BVF, Ltd. 2,000 14.3750 Purchase GROW - ----------------------------------------------------------------------------- 04/25/97 Partners ILL10 3,500 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/25/97 Partners BVF, Ltd. 4,000 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/28/97 Partners BVF 3,200 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/28/97 Partners BVF, Ltd. 1,800 14.1250 Purchase GROW - -----------------------------------------------------------------------------
- ----------------------------------------------------------------------------- Settlement For the Price Per Type of - ---------- ------- --------- ------- Date By Account of Quantity Share Trade Broker ---- -- ---------- -------- ----- ----- ------ - ----------------------------------------------------------------------------- 04/29/97 Partners BVF 27,300 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/29/97 Partners ILL10 4,000 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/29/97 Partners PAL 2,000 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/29/97 Partners ZPG 1,800 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/29/97 Partners BVF, Ltd. 14,900 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/30/97 Partners PAL 2,500 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 04/30/97 Partners ZPG 2,500 14.1250 Purchase GROW - ----------------------------------------------------------------------------- 05/01/97 Partners ILL10 1,500 13.9380 Purchase GROW - ----------------------------------------------------------------------------- 05/01/97 Partners PAL 800 13.9380 Purchase GROW - ----------------------------------------------------------------------------- 05/01/97 Partners ZPG 700 13.9380 Purchase GROW - ----------------------------------------------------------------------------- 05/01/97 Partners BVF, Ltd. 5,000 13.9380 Purchase GROW - ----------------------------------------------------------------------------- 05/05/97 Partners ILL10 1,000 14.625 Purchase GROW - ----------------------------------------------------------------------------- 05/05/97 Partners ZPG 1,000 14.625 Purchase GROW - ----------------------------------------------------------------------------- 05/05/97 Partners BVF, Ltd. 3,000 14.625 Purchase GROW - -----------------------------------------------------------------------------
INET = Instinet GROW = Pacific Growth Inc. MIST = Mr. Stock Inc. RSSF = Robertson Stephens & Co. -----END PRIVACY-ENHANCED MESSAGE-----