Cosmo announces proposed placement of Santarus shares in a secon

Cosmo announces proposed placement of Santarus shares in a secondary stock
offering in USA

Lainate, Italy - May 10, 2013 - Cosmo Pharmaceuticals, (SIX:COPN) today
announced that its subsidiary Cosmo Technologies Ltd, has entered into an
agreement to sell Santarus (NASDAQ:SNTS) shares in a secondary underwritten
public offering. The transaction is underwritten by Jefferies LLC who is
acting as sole book runner. Santarus will not sell any shares or receive any
proceeds from the offering. 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.

About Cosmo Pharmaceuticals

Cosmo is a speciality pharmaceutical company that aims to become a global
leader in the field of optimized therapies for selected Gastrointestinal and
topically treated Skin Disorders. The company's proprietary clinical
development pipeline specifically addresses innovative treatments for IBD,
such as Ulcerative Colitis and Crohn's Disease, and Colon Infections. In
addition, the Company is developing a diagnostic for the detection of colon
cancer and a new chemical entity for the topical treatment of Acne, Alopecia
and Hirsutism. Cosmo's first product in the market is
Lialda/Mezavant/Mesavancol, a treatment for mild to moderate Ulcerative
Colitis that is licensed globally to Giuliani and Shire Limited. Cosmo's
second product is Uceris(TM)/Cortiment(TM), a steroid with low side effects
that is indicated for Ulcerative Colitis patients that do not get relief when
treated with 5-ASA's and is licensed globally to Santarus and Ferring. Cosmo's
proprietary MMX technology is at the core of the Company's product pipeline
and was developed from its expertise in formulating and manufacturing
gastrointestinal drugs for international clients at its GMP (Good
Manufacturing Practice) facilities in Lainate, Italy. The technology is
designed to deliver active ingredients in a targeted manner in the intestines.
For further information on Cosmo, please visit the Company's website:
www.cosmopharma.com

Contact: Cosmo Pharmaceuticals S.p.A.

Dr. Chris Tanner, CFO and Head of Investor Relations

Tel: +39 02 9333 7614

ctanner@cosmopharma.com

Some of the information contained in this press release contains
forward-looking statements. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those in the forward-looking statements as a result of various factors.
Cosmo undertakes no obligation to publicly update or revise any
forward-looking statements.

Press Release (PDF)

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