Extor, Pa.
Went public 8/4/2000 at $15 per share
Filing Range: 4 mil. shares @ $13 to $15
Share Outstanding: 18.2 mil. shares
Underwriters: Bear, Stearns & Co. Inc./Chase H&Q/U.S. Bancorp Piper
Jaffray
Company Counsel: Morgan Lewis & Bockius
Manager Counsel: Coudert Brothers
Auditor: Richard A. Eisner & Co. LLP
The Company:
Uses its DiscoverWorks technology to identify small-molecule drug candidates by using such features as protein production, high-throughput screening, a library of some 200,000 chemical compounds and 2.5 billion novel analogs and 3-D target protein structure analysis to expedite the process. The company is also developing a pipeline of cardiovascular and oncology drug candidates, which it plans to license out in the early trial stages.
Venture Backers:
MPM Asset Management LLC
Rho Management
Healthcare Ventures LLC
Abingworth Management Ltd.
State of Michigan Retirement Systems
Philadelphia Ventures Inc.
SENMED Medical Ventures
M&G Group
Aetna Life & Casualty
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 10/01/1996 2 Early Stage 5418.0
2 03/12/1997 7 Early Stage 12500.1
3 01/06/1998 2 Later Stage 10800.0
4 11/18/1999 2 Later Stage 500.0
5 03/21/2000 9 Expansion 18533.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: $4.5
Net Income: -16.0