By Maureen Martino Pacific Biosciences–a 2009 Fierce 15 company–has bucked the trend of under-performing biotech IPOs with the announcement that it has raised $200 million in its initial public offering. The company sold 12.5 million shares for $16 each, pricing it in the middle of its targeted $15 to $17 range. It will trade on …
By Maureen Martino Fresh off its big deal with Novartis, Quark Pharmaceuticals has announced that it plans to pursue a $20 million IPO. The company had previously backed away from a $86.25 million IPO in March 2007. Last month, Novartis agreed to pay Quark Pharmaceuticals up to $680 million for licensing rights to QPI-1002, which is …
By Maureen Martino Money-raising machine Pacific Biosciences–a 2009 Fierce 15 winner–has decided to take its act public. The company has filed a $200 million IPO, the proceeds of which will help the company fund R&D of its products and SMRT technology (photo, click to enlarge), which uses nanofabrication, biochemistry, molecular biology, surface chemistry and optics to …
