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ChemoCentryx (CCXI) Files $57.5M IPO

November 12, 2007 4:36 PM EST
CCXI Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
ChemoCentryx (Nasdaq: CCXI) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $57.5 million. The company plans to list on the NASDAQ under the stock symbol "CCXI."

The offering is being made through Credit Suisse, Cowen and Company, Leerink Swann and Lazard Capital Markets.

ChemoCentryx is focused exclusively on the discovery, development and commercialization of orally-administered small molecule therapeutics that target chemokine receptors and related chemo-attractant receptors. The chemokine system is a complex network of molecules that regulates cell migration and directs and coordinates the inflammatory immune response.

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