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August 27th, 2007
Midwest nanotechnology whittles away at top states
With all fairness to the fact that there has been large coverage of this topic in the two Chicago newspapers, the Chicago Tribune and the Chicago Sun Times, within the last week or so, it still is amazing that major nano-news has hit prime time coverage:
• Nanosphere, a Chicago-based nano-diagnostics company, which was spun out of Northwestern University's nanotech labs, announced its plans for a $100 million initial public offering (IPO).
• Northwestern University recently announced the acquisition of nanotech star scientist/researcher J. Fraser Stoddart (and his team of 20 researchers) from UCLA.
Both events are huge! First, a $100 million IPO is not common these days, let alone in the Midwest. Surprisingly, if Nanosphere pulls this off (and there is no reason to doubt that they won't), it will only be the second largest life science IPO in the Midwest this year. (Wisconsin-based Tomotherapy's IPO raised $188 million in May).
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