GI Dynamics (ASX:GID) said it raised about $31.7 million (A$34.3 million) in a private placement with a group of "sophisticated, professional and accredited investors" overseas.
Funding Roundup
SI-Bone announces big plans for its newly raised $33 million | Medtech funding stories for the week of Apr. 28, 2014
Report: Mainstay Medical’s IPO raises $25M
Mainstay Medical‘s (MSTY.PA) European initial public offering reeled in about $25 million (€18 million) and made the spinal implant maker the 1st medtech company to float an IPO in Paris and the 1st company to attempt a dual flotation in Paris and Dublin, the Irish Times reports.
SI-Bone has big plans for newly raised $33M
San Jose, Calif.-based SI-Bone has big plans for its newly raised $33 million, saying it’ll use the new funds to add additional resources and chase regulatory approvals overseas for its iFuse bone fixation system.
Financing came from new investors Orbimed and Novo A/S, as well as from existing funders Skyline Ventures and Montreux Equity Partners, SI-Bone reported.
CardioDx resurrects IPO dreams
More than 5 months after ditching efforts to open on public markets, California-based CardioDx is ready to take another swing at an initial public offering.
In regulatory documents filed this week the molecular diagnostics maker assigned new underwriters, named a couple of new executives and added 2 members to its board of directors. CardioDx has not yet revealed exact timing or terms for the revived IPO.
Stryker readies $1B debt offering
Stryker (NYSE:SYK) said it’s planning to float $1 billion worth of senior notes as it refinances its debt load.
The Kalamazoo, Mich.-based medical device company said it’s pricing 2 sets of senior unsecured notes: $600 million, at 3.38% annually, due in May 2024; and $400 million, at 4.38%, due in May 2044.
Funding: Sequana raises $26.2M for implantable bladder pump
Switzerland-based medtech company Sequana Medical has big plans for its newly-closed $26.2 million (CHF 23 million) Series C financing round, hoping to use the funds to widen its global sales and begin penetrating the U.S. market.
Lombard Medical sinks on IPO day | MassDevice.com On Call
ForSight Vision5 pulls down a $15 million Series C round | Medtech funding stories for the week of Apr. 21, 2014
Spine: Baxano Surgical closes $10M private placement
Sotera aims for $54M for continuous patient monitoring
California-based Sotera Wireless is looking to raise $53.9 million in an ongoing funding round, with about $20.7 million raised as of Monday, regulatory filings show.