Aldagen (ALDH) Files $80.5M IPO

May 12, 2008 11:27 AM EDT

Aldagen (Nasdaq: ALDH) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $80.5 million. The company plans to list on the NASDAQ under the stock symbol "ALDH".

The offering is being made through Cowen and Company, Wachovia Securities and Pacific Growth Equities.

Aldagen is a biopharmaceutical company developing proprietary regenerative cell therapies that target significant unmet medical needs. [BCS]

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