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SafeStitch Medical takes TransEnterix's name

November 4, 2013 by Arezu Sarvestani

SafeStitch Medical is reborn as TransEnterix as the companies consummate their merger.

SafeStitch Medical shareholders approve an overhaul

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 lures Baxano CFO Slattery to be new finance chief

September 25, 2013 by Brad Perriello

SafeStitch Medical lures Joseph Slattery to be its new CFO from Baxano, who names former Talecris Biotherapeutics exec Timothy Shannon as interim replacement.

SafeStitch lures Baxano CFO Slattery to be new finance chief
SafeStitch lures Baxano CFO Slattery to be new finance chief

CORRECTION: SafeStitch Medical issues shares in TransEnterix merger

September 17, 2013 by Brad Perriello

SafeStitch Medical issues $160 million worth of shares to TransEnterix shareholders as part of the 2 companies' merger.

SafeStitch Medical raises $160M

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 to merge with TransEnterix, raise $30M

August 14, 2013 by Brad Perriello

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 to merge with TransEnterix, raise $30M

SafeStitch Medical (OTC:SFES) and TransEnterix are set to merge next quarter in a deal that includes a private placement worth about $30 million.

Medtech funding: SafeStitch Medical raises $3 million

April 12, 2013 by Brad Perriello

Medical device company SafeStitch Medical raised $3 million, according to a regulatory filing. Funding Roundup

SafeStitch Medical reported raising $3 million in a March 28, 2013, regulatory filing:

Company: SafeStitch Medical

Raise: $3 million

Security: Equity, Options & Warrants

Investors: 17

Sales Commission: $0

Finders' Fees: $0

The Dow flirts with 13,000 | Wall Street Beat

February 22, 2012 by MassDevice staff

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. Wall Street Beat

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.