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Valeritas prices IPO at $10, within the range

March 23, 2017
VLRX

Valeritas Holdings, which markets a disposable device that delivers insulin therapy for Type 2 diabetes, raised $53 million by offering 5.3 million shares at $10, within the range of $9 to $11. Valeritas Holdings plans to list on the Nasdaq under the symbol VLRX. Cowen & Company and Wedbush PacGrow acted as lead managers on the deal.