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Trius Therapeutics slashes IPO price to $5, offers more shares

August 2, 2010

Trius Therapeutics, which is developing an antibiotic for serious gram-positive Staph infections, raised $50 million by offering 10 million shares at $5 after originally planning to sell 6 million shares at a range of $12-$14. Trius Therapeutics plans to list on the NASDAQ under the symbol TSRX. Citi, Piper Jaffray and Canaccord Genuity acted as lead managers on the deal.