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Biotech / Medical : Cancer - Side effect drugs

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To: John McCarthy who started this subject5/18/2002 2:40:03 PM
From: John McCarthy   of 57
 
[2001]-[BNP7787]-[IPO Pulled]

IPO Sector: Cancer drug developer BioNumerik Pharmaceuticals (San Antonio) said Friday it was pulling its $50-million initial public offering because of general market conditions. The company's lead product candidate, BNP7787, is being tested to prevent side effects, particularly nerve and kidney damage, from taxanes and platinum drugs, which are widely used to treat cancer. Elsewhere, medical camera company Digirad Corp. (San Diego) also on Friday withdrew a $69-million IPO, blaming current market conditions. The company, whose camera is used by doctors in medical procedures, had applied for a Nasdaq listing under the symbol "DRAD." UBS Warburg was going to handle the IPO.

mondaymorning.com
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