Avinger (NSDQ:AVGR) yesterday priced a stock offering worth nearly $5 million for its line of devices to treat peripheral artery disease. The $4.5 million offering, of more than 3.8 million shares at $1.18 apiece, also includes a 45-day underwriters option on another 572,000 shares that would add $675,000 if exercised in full. The float is slated […]
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Adherium inks digital health deal with Summatix
Adherium (ASX:ADR) announced a data-based initiative with Summatix to allow clinicians to improve care of patients with asthma and chronic obstructive pulmonary disease across the world. New Zealand-based Adherium and Australia-based Summatix plan to build upon an existing relationship, as the former will gain access to Summatix’s platform to release data from its Hailie sensors for […]
Report: Philips fired whistleblower who warned of graft
Royal Philips (NYSE:PHG) reportedly fired a whistleblower in 2011 after he warned about suspicious sales of medical equipment to the Brazilian government. Brazilian prosecutors claimed the Amsterdam-based company, among others, was part of an international health-care cartel last year. Jose Israel Masiero Filho informed Philips of his suspicions of illegal activity as far back as 2010, […]
Alcon slides on Q2 earnings miss
Alcon (NYSE:ALC) shares took a hit today after the former Novartis (NYSE:NVS) vision care business posted second-quarter earnings that missed the consensus forecast, despite a healthy top-line beat. Geneva-based Alcon, which Novartis spun into a public company in April, reported a swing to Q2 red with losses of -$390.0 million, or -80¢ per share, on sales growth […]
3M funds Acelity buyout with $3.3B debt offering
3M (NYSE:MMM) is planning to finance its $6.7 billion acquisition of Acelity in part with a $3.3 billion debt offering. Maplewood, Minn.-based 3M, which announced its purchase of wound care giant Acelity in May, launched a four-part bond sale yesterday. 3M expects to finance the Acelity buyout with all of the net proceeds from the […]
Ultrasound firm Terason partners with DiA Imaging Analysis
Ultrasound imaging company Terason said today that it has inked a deal with y DiA Imaging Analysis to provide DiA Imaging’s cardiac solutions on Terason’s point-of-care ultrasound devices. The partnership fills a market need for more accurate and objective image analysis for clinicians in hospitals and outpatient settings, that commonly analyze ultrasound images visually, according […]
Delcath Systems raises another $9.5m
Delcath Systems (OTC:DCTH) has closed on a $9.5 million private placement round, bringing the total amount raised since July to $29.5 million. The Queensbury, N.Y.-based company priced the round at $1,000 per unit, with each unit consisting of a preferred convertible share worth 16,667 common shares, at a 6¢ strike price, and a five-year warrant for […]
Judge approves $160k settlement between ex-Sientra CEO Zeini, SEC
A California federal judge last week approved a settlement between former Sientra (NSDQ:SIEN) CEO Hani Zeini and the U.S. Securities & Exchange Commission, ordering him to pay a $160,000 fine and barring him from working as an officer or director at publicly traded companies for five years for his alleged scheme to hide a problem at […]
Medtronic’s fiscal Q1 numbers top estimates
Medtronic (NYSE:MDT) posted fiscal first-quarter results today that beat the consensus forecast on Wall Street for both sales and earnings. The Fridley, Minn.-based medical device titan reported profits of $864.0 million, or 64¢ per share, on sales of $7.49 billion for the three months ended July 26, amounting to a bottom-line slide of -19.6% on […]
Restoration Robotics lands CE Mark for hair restoration system
Restoration Robotics (NSDQ:HAIR) said it has received CE Mark approval for the sale of the Artas iX system designed forf hair restoration. The CE Mark approval follows the company’s receipt of ISO 13485:2016 certification for Artas iX in January 2019. The Artas iX robotic hair restoration system has a three-camera stereoscopic vision system with 44-micron […]
Department of Justice clears Misonix in China FPCA probe
Misonix (NSDQ:MSON) said last week that the U.S. Department of Justice has dropped its inquiry into the company following a probe of self-reported possible Foreign Corrupt Practices Act violations in China. The Justice Department action, detailed in an August 13, 2019, letter to the company, follows the Securities & Exchange Commission’s June 18, 2019, letter […]