Braeburn Pharmaceuticals filed plans for a $150 million initial public offering last week with the Securities & Exchange Commission, leaving out any specific pricing details. The Princeton, N.J.-based company plans to list its shares on the Nasdaq market under the symbol “BBRX”.
JPMorgan, Merrill Lynch and Deustche Bank are underwriters for the offering and Apple Tree Partners IV, L.P. has agreed to purchase $40 million of the company’s common stock in a private placement upon the completion of the public offering, according to regulatory filings.
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