Centaur abandons US for European IPO
Article Abstract:
Centaur Pharmaceuticals is attempting to raise at least $54 million (CFR80 million) by listing itself on the Swiss stock exchange, the SWX. Centaur's CFO Joseph Turner stated that the company opted for the SWX rather than the NASDAQ because the Swiss exchange offered high liquidity, experience in valuation of pharmaceutical firms and local institutional and private investors. Mr. Turner also attributed Centaur's Swedish pharmaceutical alliances as a reason for going public on the SWX. Centaur is developing a class of small molecules called NRTs (nitrone-related therapeutics) which are used for the treatment of such oxidative stress-related disorders as Parkinson's disease, Alzheimer's disease and AIDS dementia complex.
Comment:
Centaur Pharmaceuticals hopes to raise at least $54 mil by listing itself on the SWX
Publication Name: Nature Biotechnology
Subject: Business
ISSN: 1087-0156
Year: 1998
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Neuer Markt drives IPOs in Europe
Article Abstract:
Several pharmaceutical and biotech companies are launching an initial public offering in Europe including Actelion of Allschwil, Switzerland, which was able to raise SFR260 million (US$158.6 million) at the SWX New Market and at the Neuer Markt in Frankfurt, Germany.
Publication Name: Nature Biotechnology
Subject: Business
ISSN: 1087-0156
Year: 2000
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Return of the Neuer Markt
Article Abstract:
German biotechnology companies Morphosys and MWG Biotech will launch initial public offerings at the Neuer Markt.
Publication Name: Nature Biotechnology
Subject: Business
ISSN: 1087-0156
Year: 1999
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