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AlgoRx Pharmaceuticals cancels IPO
By Ted A. Knutson
Washington, Dec. 15 - AlgoRx Pharmaceuticals, Inc. canceled its planned $75 million initial public offering after citing changed market conditions in an RW registration with the Securities and Exchange Commission.
Credit Suisse First Boston and Citigroup were to have been the co-bookrunners with participation from Piper Jaffray and Lazard.
The Secaucus, N.J.-based company is developing drugs to lessen pain.
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