Hyperion Therapeutics (HPTX) IPO Trades Slightly Higher

July 26, 2012 11:11 AM EDT Send to a Friend
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The IPO for Hyperion Therapeutics (Nasdaq: HPTX) opened at $10.50 after pricing 5,000,000 shares at $10, shares have since drifted lower - last trading at $10.16.

Leerink Swann LLC and Cowen and Company, LLC are serving as joint book-running managers for the proposed offering. Needham & Company, LLC is acting as a co-manager for the proposed offering.

Hyperion Therapeutics is a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat disorders in the areas of orphan diseases and hepatology. Hyperion is developing Ravictiâ„¢ (glycerol phenylbutyrate) for two orphan indications: urea cycle disorders (UCD) and hepatic encephalopathy


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