Medical device industry insiders may very well remember 2019 as the year that IPOs came back — but another sign that the U.S. economy has left the Great Recession far behind. Among the top investment deals in the space, half involved public offerings, according to the MoneyTree report from PricewaterhouseCoopers (PwC) and CB Insights. Total investments […]
InMode Aesthetic Solutions
InMode launches non-invasive facial remodeling tech
InMode (NSDQ:INMD) this week said it launched its Evoke facial remodeling solution. Evoke is a hands-free device designed for the face and subdermal area. The radio frequency-based platform addresses patient aesthetic concerns using controlled heating of the skin and subnormal tissue. “The idea of a facial hands-free treatment has been circulating in the market for about […]
InMode pulls down $70m with IPO
InMode (NSDQ:INMD) yesterday closed its initial public offering, saying it grossed $70 million for the radiofrequency devices it’s developing for aesthetic medical procedures. Proceeds from the flotation of 5 million shares at $14 apiece are earmarked for hiring additional sales and marketing personnel and expanding those programs and for funding R&D, working capital and general […]
InMode prices IPO at $70m
InMode this week announced an initial public offering of 5 million shares, for which it expects to gross $70 million. Lake Forest, Calif.-based InMode is developing devices that use minimally invasive radio-frequency technology for plastic surgery, gynecology, dermatology, otolaryngology and ophthalmology. InMode set the floatation at $14 per share, giving underwriters a 30-day option to […]
FDA warns on ‘vaginal rejuvenation’ procedures
FDA head Dr. Scott Gottlieb today released a statement warning about “vaginal rejuvenation” procedures intended to treat conditions related to menopause, urinary incontinence or sexual function, saying that the products used in the procedures “don’t have adequate evidence to support their use for this purpose.” Gottliebb said that the procedures use lasers or energy-based devices […]
MRI Interventions taps ex-Philips exec Burnett as prez, CEO | Personnel Moves – Oct 19, 2017
MRI Interventions (OTC:MRIC) said early this month it tapped former Royal Philips (NYSE:PHG) neuro diagnostics & therapy biz GM Joseph Burnett as its new prez & CEO, effective November 7. Burnett will replace Frank Grillo who will stay in his role until November 6 and will continue to serve as an executive advisor afterwards, the Irvine, Calif.-based […]
Syneron-Candela levels poaching suit against InMode Aesthetic Solutions
Syneron-Candela (NSDQ:ELOS) last week filed a lawsuit accusing InMode Aesthetic Solutions of poaching its sales staff and encouraging employees to violate non-competition agreements. Syneron said it filed separate suits against 3 employees in March related to the poaching accusations, but that the 3 could not be joined to the case due to exclusive Massachusetts venue provisions. The suit, filed […]