Medical device company Devax withdraws IPO plans

WASHINGTON Thu Dec 13, 2007 4:17pm EST

WASHINGTON Dec 13 (Reuters) - Medical device company Devax Inc on Thursday filed to withdraw plans for an initial public offering, saying such a move was "no longer in its best interests."

Devax had planned to raise up to $85 million in an IPO, according to prior filings with the U.S. Securities and Exchange Commission. (Reporting by Karey Wutkowski)

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