Eximis Surgical raised $5.1 million as part of a $10.2 million equity round, according to a form filed with the SEC last week. Nearly 30 investors have contributed to the offering, the Colorado-based company reported. Eximis Surgical is developing a surgical tool called XCor, which is designed for minimally-invasive specimen removal in laparoscopic surgery. The company touted […]
Funding Roundup
Stryker readies $600m debt refi
Stryker (NYSE:SYK) last week readied a $600 million debt offering it plans to use to retire other debt. The Kalamazoo, Mich.-based medical device maker said it plans to close its flotation of 3.65% notes due 2028 on March 7. Net proceeds, estimated at $595 million, are slated to repay some $600 million worth of 1.30% […]
Owlstone Medical raises $15m to commercialize breath biopsy platform
Owlstone Medical touted today that it raised $15 million to support the commercialization of its breathalyzer diagnostic device. Funds from the round, co-led by Horizons Ventures and Aviva Ventures, will also be used to expand the company’s pipeline and the precision medicine services that it provides to the pharma industry, according to the Cambridge, England-based […]
Siemens sets range for $4B Healthineers IPO
Siemens (SIE.TI) yesterday set the range for the initial public offering of a stake in its Healthineers business that would fetch about $4.28 billion at the midpoint. The German industrial conglomerate said it plans to offer 150 million shares – about a 15% stake – at €26 to €31 apiece (about $32.01 to $38.17), for a range of €3.90 […]
Ex-Siemens Healthcare VC sues for retaliatory firing
A former venture capitalist with the healthcare operation at Siemens (NYSE:SI) sued the company last year, alleging that he was fired in retaliation for blowing the whistle on an alleged extortion attempt. Andrew Jay’s 14-year tenure in the German industrial conglomerate’s Boston venture shop ended in November 2017, when he declined to accept a demotion he […]
Medartis plans Swiss IPO
Swiss medtech company Medartis Holding yesterday revealed plans for an initial public offering on the SIX Swiss Exchange slated for the first half of this year. The company produces fixation products designed for treating small-bone fractures and osteotomies in the lower and upper extremities and the craniomaxiofacial region. All device production is managed in-house at […]
Boston Scientific prices $1B debt offering – February 2018
Boston Scientific (NYSE:BSX) said last week that it expects to close a $1 billion debt offering today that’s earmarked for buying back some of its other debt. Proceeds from the offering, of 4.0% senior notes due March 2028, are slated for the redemption of the remaining $600 million worth of the Marlborough, Mass.-based medical device company’s […]
Endotronix raises another $37m for Cordella monitor
Endotronix said today that it raised more than $37 million for the Cordella pulmonary artery pressure sensor it’s developing. Cordella consists of a wireless cardiac monitor and a miniature pressure sensor that’s designed to be implanted in a patient’s pulmonary artery to wirelessly return PA pressure to portable reader device. Data from the device can be transmitted to healthcare […]
ViewRay adds another $59m from Chinese backer Fosun
ViewRay (NSDQ:VRAY) said it added another $59.1 million it its coffers in an equity and warrants sale to Chinese investment firm Fosun International, following a $50 million offering last year. Fosun, which took out a 9.9% stake in ViewRay last October in a $50 million round, is slated to own 18.4% of the Cleveland-area linear accelerator […]
Deerfield-backed blank-check firm’s IPO raises $250m for healthcare plays
DFB Healthcare Acquisitions (NSDQ:DFBHU) said today that it closed a $250 million initial public offering. The firm’s IPO included 25,000,000 units priced at $10.00 apiece. Each unit consisted of one share of common stock and one-third of one warrant. The company said it expects its common stock to be listed on the Nasdaq under the […]
Cardiva Medical adds $11m for vascular closure devices
Cardiva Medical said yesterday that it added another $11 million to a funding round it closed last year at $30 million to continue the commercialization of its Vascade vascular closure device. Existing debt and equity investors participated, including PTV Healthcare Capital, Canepa Healthcare and affiliates of Luther King Capital Mgmt., the Santa Clara, Calif.-based company said. […]