Alimera Sciences Cancels IPO

Alimera Sciences Inc., an Atlanta-based ophthalmic pharmaceutical company, has withdrawn registration for a $75 million IPO, due to “current public market conditions.” It had planned to trade on the Nasdaq, with Credit Suisse and Citi serving as co-lead underwriters.

Alimera has raised just over $71 million in VC funding since 2004, from firms like Scale Venture Partners (18.27% pre-IPO stake), Domain Associates (18.27%), Intersouth Partners(18.27%), Polaris Venture Partners (18.27%) and Venrock Associates (14.8%).

It also received a total of $16.7 million from the sale of two OTC allergy products and a lubricating eye from to Bausch & Lomb.

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