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Promising Pipeline Is Undervalued At IPO For Advanced Accelerator Applications

Overview

Advanced Accelerator Applications (Pending:AAAP), a French radiopharmaceutical firm, is set for an American Depositary IPO on February 5, 2015. The IPO will be for 5.4 million shares, between $13-$15 per share. The company currently operates heavily in European markets with American and Canadian operations as well. They specialize in producing and commercializing molecular nuclear medicine, MNM, for use in diagnostic and radioisotope therapeutic applications. MNM technology focuses on advanced imaging techniques, such as PET scans, as well as disease treatment, most notably cancer. Currently Advanced Accelerator is a leader in the European market in MNM and owns one of the largest portfolios of diagnostic products. This led to total sales of $67.9 million in 2013 and $63.3 million for the first nine months of…