Ambit Cuts Price, Ups Shares; $65M IPO to Fund Quizartinib
By Jennifer Boggs
Friday, May 17, 2013
Despite losing a potentially lucrative FLT3 inhibitor partnership with Astellas Pharma Inc. barely two months ago, Ambit Biosciences Corp. forged ahead with its initial public offering (IPO). The San Diego-based biotech priced about 8.1 million shares at $8 apiece for gross proceeds of about $65 million.
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