Cortendo Files For $86.25 Mln IPO

(RTTNews) - Biopharmaceutical company Cortendo has filed a registration statement on Form F-1 with the U.S. with the SEC to raise up to $86.25 million in an initial public offering.

The Trevose, Pennsylvania-based company's stock currently trades on the Norwegian OTC market under the symbol CORT. The company, which was founded in 1996, plans to list on the Nasdaq under the symbol SBBP.

The company, which is focused on the development, in-licensing, acquisition and eventual commercialization of multiple complementary products, did not specify the number of shares to be sold and the pricing.

BofA Merrill Lynch and Stifel are the joint bookrunners on the deal.