Inspire Pharmaceuticals Inc. raised $72 million in a follow-on offering of 6 million shares of common stock at a price of $12 per share. (BioWorld Today)

LONDON - Cyclacel plc postponed its proposed dual listing on Nasdaq and the London Stock Exchange, citing market conditions, as Evolutec Group plc succeeded in getting its modest initial public offering away on London's Alternative Investment Market, raising £5.1 million (US$9.4 million) net of the £7.5 million net it had hoped for. (BioWorld International)