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LipoScience NMR LipoProfile Test Sales Force To Reach 90 Reps By 2004

This article was originally published in The Gray Sheet

Executive Summary

LipoScience will continue to ramp up marketing of the NMR LipoProfile test for cardiovascular disease risk assessment with proceeds from a planned initial public offering of up to $100 mil

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Financings In Brief

LipoScience IPO: Sale of 5 mil. shares in $80 mil. initial public offering is postponed Sept. 19. The maker of the NMR LipoProfile cardiovascular disease risk assessment test planned on pricing each share at $14-16 (1"The Gray Sheet" March 11, 2002, p. 18). The IPO, which originally had been targeted to raise $100 mil., was delayed following the stock market downturn the week of Sept. 16. The NMR LipoProfile is more expensive than traditional, standard-of-care cholesterol tests, which may have contributed to investor jitters...

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