Press Release

Recro Pharma – $15 Million Follow-On

August 30, 2016

New York – August 30, 2016 – Cooley advised the underwriters on Recro Pharma's $14.9 million follow-on offering of 1,986,666 shares of common stock.

Recro Pharma, which trades on The NASDAQ Capital Market as "REPH," is a specialty pharmaceutical company focused on products for hospitals and ambulatory care settings that is currently developing non-opioid products for the treatment of acute pain.

Piper Jaffray & Co. acted as sole book-running manager for the offering and Janney Montgomery Scott acted as co-manager.

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