Cutanea sets IPO range

Cutanea Life Sciences Inc. (Malvern, Pa.) amended its IPO and hopes to sell 2.3 million shares at $6-$7 in an offering underwritten by Brean Murray and Rodman. A $6.50 price would raise $15 million and value the company at $25.3 million. In August, Cutanea filed to raise up to $15 million. ...