Our office remains open to serve your important legal needs during these turbulent and challenging times. We are happy to schedule client consultations and client meetings by telephone or video-conference at your request.
Bryan E. Kuhn
Counselor at Law, P.C.
Business & Employment Law Attorney

Colorado bio-tech firm gives IPO a second try

The initial public offering for companies does not always pay-off the first time around and sometimes subsequent IPOs are required. One Colorado firm is now attempting to raise $35 million through an IPO. It had attempted to raise $75 million in 2012, but those plans fell through when the firm could not locate buyers.

The firm is attempting to develop cancer and infectious disease treatments. The firm now has partnerships for purposes of drug development in place with a couple of companies across the country. These two companies also have a significant stake in the biotech business.

There are also venture capital firms that have invested in the company. This money is to be used to continue testing of drugs and for increasing the size of its manufacturing facility. Investors in the firm will need to be patient, however, as the company will likely not be profitable for a number of years. The firm has a deficit of $199.3 million and only has had one year where it did not report a net loss since it was founded in 1995.

As business ventures often bring along with them a level of risk, it’s often difficult for these companies to raise the capital needed to make a go of it.  Conventional business financing may not suffice.  In those circumstances attorneys are often needed who can seek out investors that can provide the needed venture capital.  Experienced business attorneys can approach investors with business plans that will comply with the investor’s requirements.  Attorneys can also close the deal to the satisfaction of all parties involved.

Source: Xconomy, “Colorado-based Globelmmune Gives IPO a Second Shot, Aims for $35M,” Michael Davidson, March 17, 2014

Bg Column Main

“I used the Bryan E. Kuhn, Counselor at Law, P.C. team to help me with a case. They were always professional, upfront, and positive providing guidance while keeping me informed.”
– L.H.

“Everyone at the firm was professional, responsive and courteous. I would definitely recommend this firm if you are in need of superior legal assistance.”
– J.S.

“Bryan and his law firm operate with great professionalism and personal touch. I appreciated the way he and his team offered transparent communication.”
– N.S.

“The team was very professional in helping me to get through an uncomfortable ADA situation at my workplace. This was a very good legal experience. I would recommend Bryan E. Kuhn & team to anyone who needs work related legal help.”
– D.L.

“Bryan, Katie, and all the staff in this office are super fast to respond, expert in their fields, and always helpful. We have been extremely pleased with their services for our small business.”
– T.Z.

Bg Column Main

Archives

Bg Subscribe

Contact Our Firm

Office Location

Bryan E. Kuhn, Counselor at Law, P.C.
1660 Lincoln Street Suite 2330
Denver, CO 80264

Local: 303-424-4286
Toll Free: 866-693-5541
Fax: 303-425-4013
Denver Law Office Map
FindLaw Network