Auspex Pharmaceuticals, a clinical-stage biotech developing treatments for orphan diseases, announced terms for its IPO on Friday. The San Diego, CA-based company plans to raise $61 million by offering 5.5 million shares at a price range of $10 to $12. At the midpoint of the proposed range, Auspex Pharmaceuticals would command a market value of $231 million. Auspex Pharmaceuticals, which was founded in 2001, plans to list on the NASDAQ under the symbol ASPX.
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