Archemix Pulls IPO

There goes another one: Cambridge, MA’s Archemix has withdrawn its planned IPO, citing unfavorable market conditions. The deal was to have been worth up to $63 million. VentureBeat Life Sciences has a good look at the quickly worsening environment for biotech offerings, in case you’re not bummed out enough already.

Rebecca is Xconomy's co-founder. Follow @

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