Thar Pharma Files for $50 Million IPO
Published: Aug 22, 2016
Thar Pharmaceuticals Inc. THAR, +0.00% plans an initial public offering to raise up to $50 million, according to a filing with the Securities and Exchange Commission late Friday. SunTrust Robinson Humphrey is listed as the sole underwriter for the offering. The biotech drug developer reported no revenue for 2015 and a per-share loss of $2.95. For the six months ended June 30, Thar reported just under $234,000 in "service revenue" and a net loss of $2.78 a share.