Orthopedics devices maker ConforMIS is in a fund-raising frenzy, raising $113.8 million since 2011 to develop its custom joint implant technology, according to regulatory filings.
The highly anticipated U.S. Supreme Court decision on the legality of President Barack Obama’s Affordable Care Act will ripple through different areas of U.S. Healthcare, with different outcomes tied to each possibility.
The Supremes will this month unveil their decision on theconstitutionality of the healthcare reform law’s individual insurance mandate, which would require nearly all U.S. citizens to carry health insurance. Should they strike down the measure, they will further decide whether the rest of the health law can survive on its own.
Orthopedics devices maker ConforMIS launched a $68 million funding round that will close at the end of this month.
ConforMIS is offering equity, securities and options with no minimum investor, according to regulatory filings.
In a growing trend among device makers, Biomet Inc. announced that it’s exploring strategic options to spin out its 3i dental devices division.
The company is just testing the waters and a split isn’t guaranteed, but if completed the move will follow in some notable footsteps.
MRI Interventions (OTC:MRIC), a company developing minimally invasive neurosurgery systems, launched an initial public offering with shares at $1 apiece.
The Memphis-based company’s flagship ClearPoint technology allows patients to undergo surgery during MRI scanning, using the images to target areas of the brain for surgery.