Athersys Withdraws Proposed $115M IPO | GenomeWeb

NEW YORK, April 17 – Athersys, which markets its Random Activation of Gene Expression technology for correlation of protein function and gene structure, withdrew its proposed $115 initial public offering in a filing with the Securities and Exchange Commission Tuesday. 

Athersys said it was canceling the IPO due to market conditions. But the Cleveland-based company said it might still sell shares in a private offering.

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