AutoGenomics officially withdraws $60 million IPO

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AutoGenomics, which provides a molecular diagnostics system for genetic testing in clinical laboratories, withdrew its plans for an initial public offering on Friday citing poor market conditions. The Vista, CA-based company was founded in 1999 and had previously announced in February its plans to pull its IPO. Leerink Swann was set to be the joint bookrunner on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



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