In a biotech IPO undertaking, Singulex is offering as much as $86.25 million, with a promise to test to measure signs of heart disease at previously undetectable levels.
Using the Jumpstart Our Business Startups, or JOBS, Act to qualify as an “emerging growth company,” 15-year-old Singulex said in a filing with the Securities and Exchange Commission that its technology helps to earlier detect and monitor biomarkers of heart attacks, heart failure, stroke and other heart diseases.
Its test measures the levels of cytokines. Higher levels of those cell-signaling protein molecules in the blood generally correlate to a higher risk for heart attacks.
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