LDR Holding Corp. announced that it’s making a bid for its initial public offering, aiming to sell its stock on the NASDAQ global market under the stock ticker ‘LDRH’, according to a company statement.
The company Texas-based spinal device company did not disclose the number of shares or detailed pricing for the IPO, but filed for an offering of up to $69 million, SEC documents show.
Baird Capital invested in the Chinese medical device supplier Kedu Healthcare, sending over a new board member as part of the deal. The healthcare investment firm kept quiet about the amount of cash involved in the deal.
MASSDEVICE ON CALL — U.S. federal regulators cleared up some questions for medical device companies about "good laboratory practice," making it clear that the agency’s tougher standards don’t apply in very early-stage research.
The FDA clarified that, when testing a device for basic effectiveness, companies do not need to abide by the more strict quality guidelines that apply to later-stage work.
Biomet will go to bat over its M2A-magnum metal-on-metal hip implants after failing to convince an Indiana federal judge that a personal injury lawsuit was preempted by FDA rules.
The FDA cleared a next-generation sternum compression band made by California bone repair company Dallen Medical. The company’s Compressyn Band, used for breastbone closure, features a new polymer coating that older lines of the Compressyn products lack.
MASSDEVICE ON CALL — The IRS this week published detailed rules for the individual insurance mandate , finalizing the law’s penalty for noncompliance.
In the 1st year without insurance the fine will be $95, or 1% of household income. Subsequently, the fine will increase to $695 per person, or 2.5% of household income, and then adjust to the cost of living along those lines.