Prostrakan Gears Up for Flotation by the End of Spring

The HeraldJanuary 25, 2005

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Summary


PROSTRAKAN is aiming to be geared up for a flotation by the end of this spring, with the Scottish-headquartered drug specialist hoping to achieve a market listing within the next 12 months.

The company, based in the Borders town of Galashiels, has appointed Morgan Stanley to advise on its flotation. However, ProStrakan is understood to be prepared to go ahead with the listing - which would be one of this year's biggest in the European biotech market - only if market conditions are favourable.

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Extract


Prostrakan Gears Up for Flotation by the End of Spring

ProStrakan was created through last year's merger of Scottish- based Strakan and French ...

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