ImaRx prices IPO, shares edge lower

AuntMinnie.com staff writers
Jul 26, 2007

Biopharmaceutical company ImaRx Therapeutics picked a rough day to go public. Shares of the Tucson, AZ-based firm fell almost 5% after trading started on the day the Dow Jones Industrial Average lost 310 points.

ImaRx priced its IPO at $5 a share, selling 3 million shares of common stock on July 26. The stock got caught in the general market downdraft related to concerns over the subprime mortgage market, however. ImaRx closed at $4.79, down 4.2%, on its first day of trading.

The company's shares are trading under the symbol IMRX.

By AuntMinnie.com staff writers
July 27, 2007

Related Reading

Bracco, ImaRx sign licensing pact, July 4, 2007

ImaRx files S-1 for IPO, May 5, 2007

Unger steps down at ImaRx, October 24, 2006

ImaRx buys Abbokinase, May 9, 2006

ImaRx adds VP, September 8, 2005

Copyright © 2007 AuntMinnie.com

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