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August 13th, 2007
Nanosphere Eyes $100M IPO
Personalized-medicine startup Nanosphere filed for a $100 million IPO Monday, but an analyst said the move could be a prelude to a merger with one of its larger rivals.
Nanosphere, based in Northbrook, Illinois, makes a system to perform molecular diagnostic tests. Earlier this year Nanosphere applied for U.S. Food and Drug Administration approval of tests to gauge a person's risk of blood clots and how a patient metabolizes the anti-blood clot medicine warfarin, sold under the brand name Coumadin.
The company also is developing tests for cancer, cystic fibrosis gene mutation, herpes viral infection, and cardiovascular disease risk and diagnosis.
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