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Bone loss biotech Radius Health revives IPO filing again, removes original terms

May 21, 2014

Radius Health, which is developing treatments to restore bone density in osteoporosis patients, revived its IPO by filing an amended S-1 with the SEC on Wednesday. The company had previously launched a deal to sell 5 million shares at $14 to $16 per share ($411 million cap) but postponed on May 9. Its updated filing removed the original IPO terms. Radius first filed to raise $62 million at a $283 million valuation in November 2012, but withdrew its IPO plans due to poor market conditions.

The Cambridge, MA-based company was founded in 2003 and plans to list on the NASDAQ under the symbol RDUS. Jefferies and Cowen & Company are the joint bookrunners on the deal. Pricing terms were not disclosed.