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NewLink Genetics Estimates it Will Raise $53.4 Million From IPO



10/27/2011 8:14:12 AM

NewLink Genetics Corp. set the expected range of its initial public offering of 5.5 million shares at $10 to $12 a share. The biotechnology company said its lead drug candidate to treat pancreatic cancer is in late-stage trials and it hopes to use the funds raised to help complete the testing. NewLink, which is performing the trial under a special protocol assessment from the Food and Drug Administration, also has received fast-track and orphan-drug designations that help speed the process.



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