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Clinical Trials Vendor Medidata to Go Public

Posted Feb 03 2009 12:08am

This is a new twist by today’s economy with little or very few companies taking the plunge to go public. 

I just briefly looked at the website which contains an API for integrated services and there are a number of both technology and CRO partners listed on the site.  There are several modules to select from, the contractor, design manager, grants manager, etc.  image BD 

Clinical trials software vendor Medidata Solutions Inc. hopes to raise $86.25 million in an initial public offering of stock. 

The New York-based company has filed a S-1 registration statement with the Securities and Exchange Commission. Medidata is asking to trade stock on the NASDAQ Global Market under the ticker symbol "MDSO."

The number of shares to be offered and the price range have not yet been determined. Underwriters include Citi, Credit Suisse Securities, Jefferies & Company, and Needham & Company. 

The company during the first nine months of 2008 lost $8.043 million on revenue of $84.8 million.

Clinical Trials Vendor to Go Public

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