Creo Medical Group (LON: CREO) announced today that it has signed a multi-year collaboration agreement with Intuitive to make certain Creo surgical technologies compatible with the surgical robotic giant’s systems. The London exchange reacted by sending CREO shares up more than 4% to 100 pence apiece by the close of trading today. As of midday […]
Creo Medical
Creo Medical raises $64m
Creo Medical Group (LON:CREO) said last Friday it raised $64.2 million (GBP £48.5 million) through three private placements. The Chepstow, Wales-based company said it sold approximately 38.8 million shares at $1.66 per share (GBP £1.25) and that the placements were “significantly oversubscribed.” Creo Medical said it expects to see net proceeds from the offering of approximately […]
Creo looks to raise $26m – or more
Creo Medical Group (LON:CREO) said today that it hopes to raise $26 million or more as it preps for a full commercial launch next year for its Speedboat RS2 electromagnetic surgery device. Citing “current momentum” and its board’s desired to “exploit the opportunities,” the Chepstow, Wales-based company said it’s planning a secondary offering of £15 million to £20 million […]
Creo Medical wins expanded CE mark for Speedboat RS2 electrosurgical device
Creo Medical said today it won expanded CE mark approval for its Speedboat RS2 electrosurgical device, now cleared for the use of microwave energy as well as radiofrequency. The U.K.-based company said that in a 30-patient clinical study, the Speedboat RS2 successfully demonstrated safety and efficacy in applying microwave energy to coagulate bleeds in the colon. […]
Creo Medical looks to raise $25m in UK IPO
U.K.-based electrosurgery device developer Creo Medical said today it looks to raise $25.3 million (UK £20 million) in a U.K. initial public offering, expected to take place on December 9. Creo Medical said it plans to offer shares at approximately 97¢ per share (UK £0.79), while the company has an estimated market capitalization of approximately $77.7 […]
Hoya’s Pentax Medical buys stake in Creo
Hoya (TYO:7741) subsidiary Pentax Medical said it agreed to buy a stake in U.K. electrosurgery device maker Creo Medical for an unspecified amount. The move is part of Pentax Medical’s plan to get into the endoscopic therapy device market, the Japan-based company said. “We are pleased to be investing in an organization with a proven record of […]