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ProStrakan Raises £22M Privately, Now Waits For Chance At UK IPO

By Nuala Moran

Wednesday, November 3, 2004
LONDON - ProStrakan Group Ltd. raised £22 million (US$40.3 million) from existing shareholders, giving it the leeway to launch an initial public offering at the time of its choosing in 2005 and enabling former Strakan institutional investors to recalibrate their shareholdings following the merger earlier this year with ProSkelia SA. (BioWorld International)

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