PE Week Wire - Friday, July 16
Summary
www.cfsloans.com Odimo Inc., a Sunrise, Calif.-based online retailer of brand-name watches and luxury goods, has filed to raise $57.5 million via an IPO of common stock on the Nasdaq under proposed ticker symbol ODMO. The National Venture Capital Association has expressed severe concern over a liable verdict, and many industry attorneys believe that it could dissuade VCs from investing in risky technologies (particularly in the biotech market). www.eliyon.com CoreStar Financial Group Inc., a Timonium, Md.-based originator, underwriter, funder and bundled seller of residential non-conforming mortgage loans, has received a $4 million investment from the Edison Venture Fund. www.alphablox.com Phase Forward Inc., a Waltham, Mass.-based provider of integrated data management solution for clinical trials and drug safety, will begin trading on the Nasdaq under ticker symbol PFWD. In connection with the Series D round, SkinMedica has completed its $36.6 million acquisition of all U.S. and certain international rights to VANIQA Cream, which is an FDA-approved treatment for slowing the growth of unwanted facial hair in women.
