Financings In Brief
This article was originally published in The Gray Sheet
Executive Summary
R2 Technologies cancels IPO: Poor economic conditions are cited as the grounds for withdrawing a proposed $86 mil. initial public offering. The Los Altos, Calif.-based firm planned to use proceeds from the IPO to fund development of its LungCheck computer-aided detection (CAD) system for screening abnormalities in chest computed tomography scans and expanded marketing initiatives for its ImageChecker mammography CAD system, approved in 1998. The IPO prospectus was filed with the Securities & Exchange Commission in December 2001 (1"The Gray Sheet" Jan. 7, 2002, p. 18)...