Friday 18 February 2011

BioHorizons' IPO faces tough market

BioHorizons' IPO faces tough market

BioHorizons Inc. is still not trading on the Nasdaq stock exchange, despite an expected initial public offering on Feb. 3, and experts say flaccid market conditions for biotech IPOs may possibly be to blame.

The Birmingham-based dental implant company, which filed plans for an IPO in June 2010, received approval from the Securities and Exchange Commission on Feb. 1 to go public, and many insiders expected it to debut on the Nasdaq market later that week.

So far, the biotech firm hasn't commented on the pending IPO, but experts say the falter may possibly be because several biotech firms that went public …

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