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ZARS Delays IPO

ZARS Inc., a Salt Lake City-based developer of non-invasive drug delivery technologies, has postponed its IPO until next week. It plans to sell five million common shares at between $14 and $16 per share, and trade on the Nasdaq under ticker symbol ZARS. Cowan & Co. and CIBC World Markets are serving as co-led underwriters. The company has raised around $33 million in total VC funding since 2000, from firms like Draper Fisher Jurvetson (23.1% pre-IPO stake), Wasatch Ventures (7.6%), vSpring (5.4%), ePlanet Ventures, CDIB BioScience Venture Management and Tenex. www.zars.com