New Haven biotech Rib-X going public

(11/28/2011) Hartford Business Journal - New Haven antibiotics developer Rib-X Pharmaceuticals Inc., in which Connecticut taxpayers hold a stake, is going public.

The biopharmaceutical company announced Monday that it has filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock.

Rib-X did not disclose the number of shares or the price of the offering, but the Dow Jones Newswire reports that the company is looking to raise $80 million.

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