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Biotech Molecular Insight Pharmaceuticals announces terms

January 22, 2007

Molecular Insight Pharmaceuticals, which is developing innovative molecular imaging pharmaceuticals and targeted radiotherapeutics, filed the terms for its IPO on Friday. The Cambridge, MA-based company plans to offer 5 million shares at a range of $14-$16. RBC Capital Markets and Jefferies & Company are managing the deal, which has a proposed market cap of $400 million. Timing has yet to be announced.