Skip to main content
Premium Trial:

Request an Annual Quote

ZymoGenetics Collects $120M in First Biotech IPO of 2002

NEW YORK, Feb. 1 - ZymoGenetics has earned $120 million in an IPO that also marks the first initial public offering for a biotech company this year, the company said on Friday. 


Shares in ZymoGenetics now trade on the Nasdaq exchange.

The company, a Seattle-based spinoff of Novo Nordisk, offered 10 million shares of its common stock at $12 apiece. They were trading at $12.01 just before noon on Friday.

The lead underwriters were Lehman Brothers and Merrill Lynch & Co. Co-lead managers were Bear, Stearns & Co. and Pacific Growth Equities.

The Scan

Germline-Targeting HIV Vaccine Shows Promise in Phase I Trial

A National Institutes of Health-led team reports in Science that a broadly neutralizing antibody HIV vaccine induced bnAb precursors in 97 percent of those given the vaccine.

Study Uncovers Genetic Mutation in Childhood Glaucoma

A study in the Journal of Clinical Investigation ties a heterozygous missense variant in thrombospondin 1 to childhood glaucoma.

Gene Co-Expression Database for Humans, Model Organisms Gets Update

GeneFriends has been updated to include gene and transcript co-expression networks based on RNA-seq data from 46,475 human and 34,322 mouse samples, a new paper in Nucleic Acids Research says.

New Study Investigates Genomics of Fanconi Anemia Repair Pathway in Cancer

A Rockefeller University team reports in Nature that FA repair deficiency leads to structural variants that can contribute to genomic instability.