UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*


Metabasis Therapeutics, Inc.

(Name of Issuer)


Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

59101M 10 5

(CUSIP Number)

 

January 28, 2006

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

 

*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 the disclosures provided in a prior cover page.

The information required in 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 (“Act”) 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. 59101M 10 5

 

1

NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Credit Suisse, on behalf of the Investment Banking division

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

 

 

 

(a)

 

 

 

 

 

 

 

 

 

(b)

X

 

 

 

 

 

 

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

SWITZERLAND

 

 

 




NUMBER OF

5

SOLE VOTING POWER

-0-

SHARES
BENEFICIALLY
OWNED BY
EACH

6

SHARED VOTING POWER

2,355,375

REPORTING
PERSON
WITH

7

SOLE DISPOSITIVE POWER

-0-

 

8

SHARED DISPOSITIVE POWER

2,355,375

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,355,375

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES[ ]*

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

9.2%

12

TYPE OF REPORTING PERSON*

BK, HC

*SEE INSTRUCTION BEFORE FILLING OUT!

 

 

 

 

 

 

 

 



 

 

Item 1.

 

(a)

Name of Issuer:

Metabasis Therapeutics, Inc.

(b)

Address of Issuer’s Principal Executive Offices:

11119 North Torrey Pines Road, La Jolla, CA 92037

Item 2.

 

(a)

Name of Persons Filing:

Credit Suisse, on behalf of the Investment Banking division. See Schedule I.

(b)

Address of Principal Business Office:

Uetlibergstrasse 231, P.O. Box 900, CH-8070 Zurich, Switzerland

(c)

Citizenship:

Switzerland

(d)

Title of Class of Securities:

Common Stock, par value $0.001 per share

(e)

CUSIP Number:

59101M 10 5

Item 3.

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):

   

(a)

 

Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o)

 

 

 

(b)

 

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)

 

 

 

(c)

 

Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)

 

 

 

(d)

 

Investment Company registered under Section 8 of the Investment Company Act (15 U.S.C. 80a-8)

 

 

 

(e)

 

Person registered as an investment adviser under Section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3) or under the laws of any state

 

 

 

 

(f)

 

Employee Benefit Plan or Endowment Fund in accordance with §240.13d-1(b)(1)(ii)(F)

 

 

 

(g)

 

Parent Holding Company or Control Person in accordance with §240.13d-1(b)(ii)(G)

 

 

 

(h)

 

Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

 

 

 

 

(i)

 

Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

(j)

 

Group in accordance with §240.13d-1(b)(1)(ii)(J)

Item 4.

Ownership

(a)

Amount Beneficially Owned:

See response to Item 9 on page 2.

(b)

Percent of Class:

See response to Item 11 on page 2.

 

 

(c)

Number of shares as to which such person has:

     

 

(i)

Sole power to vote or to direct the vote:


See response to Item 5 on page 2.

     

 

(ii)

Shared power to vote or to direct the vote:


See response to Item 6 on page 2.

     

 

(iii)

Sole power to dispose or to direct the disposition of:


See response to Item 7 on page 2.

     

 

(iv)

Shared power to dispose or to direct the disposition of:


See response to Item 8 on page 2.

Item 5.

Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:

 

 

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

See Schedule I.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not Applicable.

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

 

 

 

 

 



 

 

SIGNATURE

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.

 

January 30 , 2006

  CREDIT SUISSE, on behalf of the
INVESTMENT BANKING division
     
  By:      /s/ Ivy Dodes              
  Name:      Ivy Dodes
  Title:      Managing Director

 

 

 

 



 

 

Schedule I

 

In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998), this Schedule 13G/A is being filed by Credit Suisse (the “Bank”), a Swiss bank, on behalf of its subsidiaries to the extent that they constitute the Investment Banking division (the “Investment Banking division”) (the “Reporting Person”). The Reporting Person provides financial advisory and capital raising services, sales and trading for users and suppliers of capital around the world and invests in and manages private equity and venture capital funds. The address of the Bank’s principal business and office is Uetlibergstrasse 231, P.O. Box 900, CH 8070 Zurich, Switzerland. The address of the Reporting Person’s principal business and office in the United States is Eleven Madison Avenue, New York, New York 10010.

The ultimate parent company of the Bank is Credit Suisse Group (“CSG”), a corporation formed under the laws of Switzerland. CSG is a global financial services company, active in all major financial centers and providing a comprehensive range of banking and insurance products. CSG and its consolidated subsidiaries are comprised of the Bank and the Winterthur division (the “Winterthur division”). In addition to the Investment Banking division, the Bank is comprised of the Asset Management division (the “Asset Management division”) and the Private Banking division (the “Private Banking division”). The Asset Management division provides asset management and investment advisory services to institutional, mutual fund and private investors worldwide. The Private Banking division offers global private banking and corporate and retail banking services in Switzerland. The Winterthur division provides life and non-life insurance and pension products to private and corporate clients worldwide. CSG’s business address is Paradeplatz 8, P.O. Box 1, CH 8070 Zurich, Switzerland.

CSG, for purposes of the federal securities laws, may be deemed ultimately to control the Bank and the Reporting Person. CSG, its executive officers and directors, and its direct and indirect subsidiaries (including those subsidiaries that constitute the Asset Management division, the Private Banking division and the Winterthur division) may beneficially own securities to which this statement relates (the “Shares”) and such Shares are not reported in this statement. CSG disclaims beneficial ownership of Shares beneficially owned by its direct and indirect subsidiaries, including the Reporting Person. Each of the Asset Management division, the Private Banking division and the Winterthur division disclaims beneficial ownership of Shares beneficially owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of Shares beneficially owned by CSG, the Asset Management division, the Private Banking division and the Winterthur division.