BioCentury
ARTICLE | Finance

Second time no charm

Stem cell play Aldagen withdraws second IPO try

April 11, 2011 7:00 AM UTC

Cell therapeutic company Aldagen Inc., which apparently is running very low on cash, last week withdrew its IPO for a second time.

The company withdrew an IPO in 2008 and then refiled in 2009. In July 2010, Aldagen updated its filing to raise $40 million...