Xenon Pharmaceuticals Inc. Postpones IPO

Xenon Pharmaceuticals, which licenses drugs to uniQure, Teva and Genentech for LPLD, pain and acne, postponed its IPO on Friday, citing poor market conditions.

The Burnaby, Canada-based company was founded in 1996 and booked $27 million in sales for the 12 months ended June 30, 2014. XENE. Xenon Pharmaceuticals initially filed confidentially on 8/16/2013. Jefferies & Co. and Wells Fargo Securities were set to be the joint bookrunners on the deal.

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