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Tesaro prices IPO at $13.50, within the range

June 28, 2012

Tesaro, which is developing drugs for chemotherapy-induced nausea and solid tumors, raised $81 million by offering 6 million shares at $13.50, the midpoint of the range of $12.00 to $15.00. Tesaro plans to list on the NASDAQ under the symbol TSRO. Citi, Morgan Stanley and Leerink Swann acted as lead managers on the deal.