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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: scaram(o)uche who started this subject3/24/2003 7:09:57 PM
From: scaram(o)uche of 4974
 
MitoKor pulls stock offer due to market conditions
Monday March 24, 4:16 pm ET

WASHINGTON, March 24 (Reuters) - Health technology company MitoKor Inc. on Monday withdrew its planned initial public offering, first filed in March 2002, citing unfavorable market conditions.
"The company is withdrawing the registration statement because of unfavorable market conditions," the San Diego-based MitoKor said a Securities and Exchange Commission (News - Websites) filing.

The original underwriters for the MitoKor IPO were RBC Dain Rauscher Inc., Lazard Freres & Co. LLC, Legg Mason Wood Walker Inc. and Gerard Klauer Mattison & Co. Inc.

MitoKor had not disclosed the number of common shares it intended to sell, or the expected proceeds from the sale. It said on Monday that none of its securities had been sold.
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