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Out of sight: Israeli ophthalmics biotech OphthaliX withdraws 2013 US IPO due to merger

July 25, 2017

OphthaliX, a clinical-stage biotech developing treatments for ophthalmic disorders, withdrew its plans for an initial public offering on Tuesday. It originally filed in July 2013 with a proposed deal size of $10 million.

The Petach Tikva, Israel-based company was founded in 1999 and had planned to list on the NYSE. Maxim Group LLC was set to be the sole bookrunner on the deal.