DANISH BIOTECH FIRM ZEALAND PHARMA WITHDRAWS IPO

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Danish biotechnology company Zealand Pharma (ZEA.CO: Quote, Profile, Research) withdraw plans for an initial public offering (IPO) on Monday due to a lack of investor interest. "We wanted to raise additional capital to accelerate the company's strategy. But at this time it would be too expensive to the company to raise capital on the stock market", Jan Honore, chairman of the company's board, said in the statement.

Reuters (http://today.reuters.com/business/newsArticle.aspx?type=health&storyID=nL05411325)