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Biotech / Medical : PSDV - pSivida Limited -- Ignore unavailable to you. Want to Upgrade?


To: John McCarthy who wrote (239)11/2/2009 2:05:23 PM
From: John McCarthy  Respond to of 421
 
Alimera Sciences refiles for IPO
November 2, 2009

ATLANTA - Alimera Sciences Inc., an ophthalmic pharmaceutical firm, has refiled for an $80 million initial public offering of stock. The company withdrew registration for a $75 million IPO earlier this year due to market conditions at the time.

Alimera is developing prescription and over-the-counter treatments for diseases that affect the eyes. It sold two over-the-counter allergy products and a eye lubricating product to Bausch & Lomb for $16.7 million.

The company has raised more than $71 million in venture backing since 2004. Investors include Scale Venture Partners, Domain Associates, Intersouth Partners, Polaris Venture Partners, and Venrock Associates. All but Venrock have 18.44 percent pre-IPO stakes. Venrock's stake is for 14.93 percent of the company.

Alimera plans to trade on the Nasdaq exchange under the ticker symbol "ALIM."

Online: www.alimerasciences.com

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