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More Genomics Co.s to Go Public: Exelixis, Lexicon

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OUTH SAN FRANCISCO, Calif.--Two more genomics companies announced their intentions to jump on the IPO bandwagon last week.

Exelixis here has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common stock. The model systems and comparative genomics company provides functional genomics technologies for use by the pharmaceutical, diagnostic, agricultural, and animal health industries. The offering is being made through an underwriter group led by Goldman Sachs along with Credit Suisse First Boston and SG Cowen.

Lexicon Genetics of the Woodlands, Texas, also filed its registration statement proposing an initial public offering last week. Lexicon uses its proprietary gene-trapping technology to discover novel genes and expand its OmniBank library, which contains tens of thousands of knockout mouse clones for drug discovery. The company’s internet exchange, Lexgen.com, enables researchers to access the library and collaborate with the company to discover pharmaceutical products based on gene function knowledge. J.P. Morgan and Credit-Suisse First Boston are co-lead managers of the offering. Dain Rauscher Wessels and Punk, Zeigel are co-managers.

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