WuXi PharmaTech-backed Foundation Medicine sets terms for $75m IPO
US cancer diagnostics firm Foundation Medicine, which counts the corporate venture fund of Shanghai-headquarted WuXi PharmaTech among its backers, has announced the terms for its US IPO.
According to a regulatory filing, the company plans to raise as much as $75 million by offering five million shares priced at $14-16 apiece. Based on the midpoint of this indicative range, the company...
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