Category: SafeStitch Medical
SafeStitch Medical is reborn as TransEnterix as the companies consummate their merger.
Florida medical device maker SafeStitch Medical was reborn as TransEnterix Inc. as the companies navigated a previously announced merger.
SafeStitch shareholders approved a restated certificate of incorporation, under which the company took TransEnterix's name more than tripled the number of authorized shares of common stock from 225 million to 750 million, according to regulatory documents.
SafeStitch Medical lures Joseph Slattery to be its new CFO from Baxano, who names former Talecris Biotherapeutics exec Timothy Shannon as interim replacement.
SafeStitch Medical issues $160 million worth of shares to TransEnterix shareholders as part of the 2 companies' merger.
Correction, Sept. 17, 2013: Due to a reporter's error, this article originally stated that SafeStitch raised $160 million. The company instead issued $160 million worth of shares as part of its merger with TransEnterix.
SafeStitch Medical says it's agreed to a merger with private equity-backed TransEnterix and plans to issue a $30 million private placement.
SafeStitch Medical (OTC:SFES) and TransEnterix are set to merge next quarter in a deal that includes a private placement worth about $30 million.
Medical device company SafeStitch Medical raised $3 million, according to a regulatory filing.
SafeStitch Medical reported raising $3 million in a March 28, 2013, regulatory filing:
Company: SafeStitch Medical
Raise: $3 million
Security: Equity, Options & Warrants
Sales Commission: $0
Finders' Fees: $0
Amgen founder and early CEO George Rathmann dies as the age of 84.
Amgen mourns death of George Rathmann, founding CEO
, Cantel Medical Corp.
, Digirad Corp.
, Encision Inc.
, LDR Holding Corp.
, Medical Action Industries Inc.
, Nephros Inc.
, Pro-Dex Inc.
, ReVision Optics Inc.
, Rockwell Medical Technologies
, SafeStitch Medical
, SANUWAVE Health Inc.
, SeraCare Life Sciences Inc.
, Angeion Corp.
The Dow Jones Industrial Average breaks 13,000 for the first time since the Lehman Brothers collapse triggered an economic implosion, before falling back to close just under that high-water mark; also, Teleflex inks PCA pump GPO deal; a Funding Roundup; and analysts' ups and downs.
The Dow Jones Industrial Average, a longtime bellwether for the U.S. economy, flirted yesterday with a high-water mark not seen since Lehman Brothers' collapse triggered an economic implosion more than 4 years ago.
The Dow reached 13,005.04 at one point yesterday, before subsiding to close at 12,965.69 yesterday. It's the first time the index has climbed that high since May 2008.
Investors were heartened by a deal struck in the European Union to resolve Greece's debt crisis and by positive earnings results from a pair of American stalwarts.