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

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Switzerland, Drugs, Article, Centaur Pharmaceuticals Inc.

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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.

Europe

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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.

Biochemistry, Research and Development in the Physical, Engineering, and Life Sciences, Brief Article, MorphoSys AG, MWG Biotech GmbH

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