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Wednesday, October 26, 2005 4:07:07 PM
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh14708_2005-10-26_19-38-24_wen...
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Wed Oct 26, 2005 03:38 PM ET
NEW YORK, Oct 26 (Reuters) - Predix Pharmaceuticals Holdings Inc. on Wednesday withdrew its planned initial public offering, citing "market conditions," according to a statement from the company.
The Lexington, Massachusetts-based company is developing drugs to treat conditions including anxiety and hypertension. It had aimed to raise $55 million to fund development through the IPO.
It had planned to list on the Nasdaq under the symbol PRDX .
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