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Injectable drug developer scPharmaceuticals prices IPO at $14 low end

November 16, 2017
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scPharmaceuticals, which is commercializing an injectable version of an intravenous drug for heart failure, raised $90 million by offering 6.4 million shares at $14, the low end of the range of $14 to $16. scPharmaceuticals plans to list on the Nasdaq under the symbol SCPH. Jefferies, Leerink Partners and BMO Capital Markets acted as lead managers on the deal.