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Trubion Edges Higher

The company sells 4 million shares in its IPO.
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Trubion Pharmaceuticals (TRBN) priced its initial public offering of 4 million shares at $13 each.

Concurrent with the offering,

Wyeth

(WYE)

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has agreed to purchase 800,000 shares directly from Trubion.

Trubion was up 5 cents to $13.05.