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Acacia pulls IPO as European biotechs caught in U.S. downdraft

2015-10-17 03:52:59| Biotech - Topix.net

Acacia is the latest European biotech company to be caught in a downdraft from the U.S. pharmaceutical and biotechnology sector, which has suffered a major sell-off on mounting concerns about pressure on drug prices. Acacia's decision not to go ahead with its flotation is a particular blow given the size of the planned offering.

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Category:Biotechnology and Pharmaceuticals

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