12:00 AM
Sep 30, 2013
 |  BioCentury  |  Finance

Take the money

After IPO at $8, KaloBios dips back at $4 to reach Phase II readouts
Take the money

Despite limping out of the gate with one of the early IPOs of the year, KaloBios Pharmaceuticals Inc. (NASDAQ:KBIO) opted to dip back into the markets last week to price a follow-on at $4, which is half of its January IPO price.

KaloBios filed to raise $60 million in an IPO last October and raised $70 million. However, it had to slash the price and jack up the number of shares to do so. The antibody company sold 8.8...

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