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TetraLogic nets $53.5mm through initial public offering

Executive Summary

TetraLogic Pharmaceuticals Corp. (small-molecule cancer and infectious disease therapeutics) netted $53.5mm through its initial public offering of 8.2mm shares (including the overallotment) at $7 (much lower than the anticipated range of $13-15). Existing investors including Pfizer Inc. and affiliates, Amgen Inc., and company executives (the chairman, president and CEO, and CFO) purchased 4.6mm of the IPO shares.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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