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Brushing Off Clinical Setback, Cerulean Pharma Inc. Tees Up $75 Million IPO


3/11/2014 7:26:51 AM

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Cerulean Pharma whiffed on its first attempt to prove that a nanoparticle-based cancer drug its been developing could help terminally ill lung cancer patients live longer. Now the Cambridge, MA-based company is going public to get the financial backing to see if the drug has better luck treating other cancer types. Cerulean aims to raise as much as $75 million through an IPO and list on the Nasdaq under the ticker symbol “CERU.” Leerink Partners, Canaccord Genuity, JMP Securities, and Wedbush Securities are underwriting the offering.

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