This prospectus relates to the resale of up to 4,660,000 shares of our common stock that we may issue to Deerfield Private Design Fund II, L.P., Deerfield Private Design International II, L.P., Deerfield Special Situations Fund, L.P. and Deerfield Special Situations International Master Fund, L.P. (collectively, the “Deerfield Entities” and each a “Deerfield Entity”) upon the exercise of certain warrants we issued to the Deerfield Entities on December 3, 2013 (the “Warrants”). We are not selling any securities under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.
The selling stockholders may sell the shares of common stock described in this prospectus in a number of different ways and at varying prices. We provide more information about how the selling stockholders may sell its shares of common stock in the section titled “Plan of Distribution” on page 16. We will not be paying any underwriting discounts or commissions in this offering. We will pay the expenses incurred in registering the shares, including legal and accounting fees.
Our common stock is quoted on The NASDAQ Capital Market under the symbol “DSCO.” The last reported sale price for our common stock on January 17, 2014 was $2.52 per share.
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