IPO News Archive
Trius Therapeutics delays $78 million IPO to conform protocol for Phase 3 trial
3/4/10
Trius Therapeutics, which is developing an oral antibiotic for serious staph infections, announced that it is temporarily postponing its IPO due to plans to conform Phase 3 protocol for the drug (torezolid phosphate) to accomodate new draft guidance recently issued by the FDA. The San Diego, CA-based biotech, which was founded in 2004 and posted $5 million in revenue from federal funding last year, had planned to raise $78 million in its IPO. Credit Suisse, Piper Jaffray and Canaccord Adams were set to be the lead underwriters on the deal, which was scheduled to price on Monday, March 15.
Source: www.RenaissanceCapital.com