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Neothetics reports plans to price initial public offering of stock
Piper Jaffray and Guggenheim are joint bookrunners; Needham assists
By Devika Patel
Knoxville, Tenn., Oct. 17 – Neothetics, Inc. will conduct an initial public offering of its common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.
Piper Jaffray and Guggenheim Securities are the joint bookrunning managers. Needham & Co. is the co-manager.
Proceeds will be used for clinical trials, development, working capital and other general corporate purposes.
The clinical-stage specialty pharmaceutical company is based in San Diego. It intends to list its common stock on the Nasdaq under the symbol “NEOT.”
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