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Wednesday, October 18, 2006

IPO Pricing: Trubion Pharmaceuticals (TRBN)

Trubion Pharmaceuticals (TRBN) priced its 4 million share IPO at $13.00, which is at the lower-end of the 413.00 to $15.00 range.

Trubion is a Seattle, WA-based development stage biotech in the quest to treat rheumatoid arthritis and systemic lupus. More can be found at Trubion.com website.

Morgan Stanley is the lead underwriter; and co-managers are listed as Bank of America, Pacific Growth, and Lazard.

Jon C. Ogg
October 18, 2006
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