Article: Sunesis Prices $42M IPO To Fuel Oncology Pipeline.

Staff Writer

Sunesis Pharmaceuticals Inc. priced its initial public offering, raising $42 million to fund upcoming clinical trials of its top three cell-cycle inhibitors in development for cancer.

Like many other pricings this year, the South San Francisco-based company's IPO came in lower than expected. In its initial December filing, Sunesis had planned for funds of $86 million. The company later set a prospective price range between $9 and $11 for the sale of 6 million shares, which, at the low end, would have totaled $54 million, but the actual share price fell to $7 each.

Shares (NASDAQ:SNSS) dropped 50 cents on the first day of trading, ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!