Idexx Laboratories Inc. has registered an offering of 1.5 millionshares of common stock (NASDAQ:IDXX).
The Westbrook, Maine, company is developing veterinarydiagnostics, food quality assurance tests and life scienceresearch products, particularly immunoassays, DNA probes andclinical chemistry tests.
"Analysts generally seem to be projecting growth from roughly$30 million in revenues in 1991 to $50 million to $60 million in1992, so the proceeds from this offering will help fund some ofthat growth," said David Shaw, president.
If the offering is completed, the company will have 7.2 millionshares outstanding. Underwriters Lehman Brothers, Cowen &Co., and Vector Securities International Inc. have a 225,000-share overallotment. The stock closed unchanged at $21.25 onFriday. -- KH
(c) 1997 American Health Consultants. All rights reserved.