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Synta Pharmaceuticals Files Plan for IPO

Friday, November 24, 2006 6:30:00 AM PDT | VentureDeal Staff

LEXINGTON, MA - Synta Pharmaceuticals Corp. is planning to float its shares in the public markets, according to a recent filing with the SEC.

The filing suggests the company will seek up to $115 million, nearly 18 months after pulling a previous IPO due to uncertain market conditions.

The company has one cancer drug that is near  late-stage trials and several others that are in mid-stage trials for Crohn's disease and cancer.

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