Article: Acadia, Critical Therapeutics Price In 'Not A Robust Market'.

Senior Staff Writer

Two more biotech companies went public Thursday, but as has been the case lately, their offerings brought in less than first expected.

Critical Therapeutics Inc. and Acadia Pharmaceuticals Inc. priced their initial public offerings, raising $42 million and $35 million, respectively. Upon filing for their IPOs about two months ago, though, each projected significantly higher amounts - $103.5 million for Critical Therapeutics and $86.25 million for Acadia. Their pricings represent the 14th and 15th biotech IPOs of the year in the U.S., and nine other companies previously priced below their range, as well.

"This is not a robust ...

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!