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Predix Pharma pulls IPO, citing weak market

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DewDiligence Member Level  Wednesday, 10/26/05 04:07:07 PM
Re: midastouch017 post# 11
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Predix Pharma pulls IPO, citing weak market

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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