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Published on 12/15/2005 in the Prospect News Biotech Daily.

AlgoRx Pharmaceuticals cancels IPO

By Ted A. Knutson

Washington, Dec. 15 - AlgoRx Pharmaceuticals, Inc. canceled its planned $75 million initial public offering after citing changed market conditions in an RW registration with the Securities and Exchange Commission.

Credit Suisse First Boston and Citigroup were to have been the co-bookrunners with participation from Piper Jaffray and Lazard.

The Secaucus, N.J.-based company is developing drugs to lessen pain.


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