Aposense completes IPO

AuntMinnie.com staff writers
Jun 8, 2010

Molecular imaging and therapy developer Aposense has wrapped up its initial public offering (IPO) in the Israeli market.

The company's shares are now listed on the Tel Aviv Stock Exchange (TASE) under the symbol APOS. The IPO raised $16 million (U.S.), while an additional $8 million was raised in a private placement concurrent with the IPO, according to Aposense of Petach-Tikva, Israel.

The IPO will allow the firm to expand its drug development activity to additional diseases beyond cancer, Aposense said. The deal valued the company at more than 900 million Israeli new sheqels (more than $230 million U.S.).

Related Reading

IBA, Aposense join forces, September 22, 2009

Aposense reports positive SNM talk, June 23, 2009

Aposense teams with GlaxoSmithKline, June 8, 2009

Aposense begins trial, December 15, 2008

Copyright © 2010 AuntMinnie.com

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