Advanced Accelerator Applications, a radiopharmaceutical diagnostics company developing its first therapeutic product, withdrew its plans for an initial public offering on Wednesday.
The company had originally set terms to raise $75 million in early February at a fully diluted market cap of $527 million.
The Saint Genis Pouilly, France-based company was founded in 2002 and booked $73 million in sales for the 12 months ended September 30, 2014. It had planned to list on the AAAP. Citi and Jefferies & Co. were set to be the joint bookrunners on the deal.
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