Centrexion to offer 5 million shares in IPO priced at $14 to $16 each

Centrexion to offer 5 million shares in IPO priced at $14 to $16 each

Biotech Centrexion Therapeutics set terms for its planned initial public offering on Monday, saying in a regulatory filing that it plans to offer 5 million shares priced at $14 to $16 each. The company would raise $75 million at the midpoint of that range. Centrexion, which specializes in non-opioid pain treatments, is planning to list on Nasdaq under the ticker symbol “CNTX”. BofA Merrill Lynch, Leerink and Evercore are joint underwriters on the deal.

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