Immune Design prices IPO at $12, the low end of the range

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Immune Design, an early-stage biotech developing immunotherapy oncology treatments, raised $60 million by offering 5.0 million shares at $12. The company had planned to offer 4.7 million shares at a range of $12 to $14. Insiders purchased $20 million in stock at the offer price (33% of the offering). It plans to list on the NASDAQ under the symbol IMDZ.

Immune Design is led by Carlos Paya, a former president of Elan Corporation. Its lead product candidates are in Phase 1 trials, and product revenue is not expected for several years.

Immune Design initially filed confidentially on 4/24/2014. Jefferies & Co. and Leerink Partners acted as joint bookrunners 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.



This article appears in: News Headlines , IPOs

Referenced Stocks: IMDZ

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