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Article: Taste Technology Firm Senomyx Goes Public With $36M Offering.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Senior Staff Writer
Senomyx Inc. hit the public markets after pricing a $36 million initial public offering.
The La Jolla, Calif.-based company, which is developing flavor-enhancing products, sold 6 million shares at $6 apiece in its IPO. And like other biotech companies that have gone public in recent months, the offering came in below early expectations. Three months ago, Senomyx filed to raise $97.75 million, and soon after proposed a per-share price range of $13 to $15.
The company's shares gained some value over the course of their first day on the market. The stock (NASDAQ:SNMX) picked up 12.5 percent Tuesday, gaining 75 cents to close at ...
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Article: BIOWORLD TODAY READER SURVEY.
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