BioHeart files for $45 mln IPO

July 12 Thu Jul 12, 2007 6:27am EDT

July 12 (Reuters) - Biotechnology company BioHeart Inc. on Thursday filed with U.S. regulators to raise up to $45 million in an initial public offering of common stock.

The company said it intends to use the net proceeds to mainly fund drug trials.

The filing did not reveal how many shares the company planned to sell or their expected price. (Reporting by Neetha Mahadevan in Bangalore)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.