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Biotech / Medical : Biotech Lock Up Expiration Hell Portfolio: Wave II

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To: nigel bates who wrote (14)4/29/2004 10:58:05 AM
From: tuck  Read Replies (1) of 107
 
>>9:42AM Barrier Therapeutics IPO prices in middle of range (BTRX) 15.00: Barrier Therapeutics prices its IPO at $15, in the middle of the expected $14-$16 range. This biotech company is focused in the field of dermatology. It has eight product candidates in various stages of clinical development. The four most advanced are in or entering Phase III clinical trials. The co believes there is a significant commercial opportunity for a co focused specifically on the treatment of dermatological diseases, given the fragmented nature of the dermatology market and the clinical limitations of currently approved treatments.... The biotech IPO trains keeps rolling this year. This is the first one since CORT on April 14, which has already fallen below its $12 offering price... BTRX priced fairly well relative to other recent biotech IPOs. We're noticing that the IPOs with Tier One lead underwriters tend to price better. This is a 5 mln share deal, led by Morgan Stanley and will begin trading today.<<

Courtesy of Briefing.com.

Cheers, Tuck
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