TransEnterix (NYSE:TRXC) said that it has priced a public offering of 28 million shares of its common stock for gross proceeds of approximately $20.3 million. The Research Triangle Park, N.C.-based company also granted the underwriter a 30-day option to purchase approximately $3 million in additional shares of common stock. TransEnterix intends to use the net […]
Surgical
Hillrom offers $425m in private-placement funding notes
Hillrom (NYSE:HRC) said today that it has launched a planned private offering of more than $400 million in senior unsecured notes. The Chicago-based medtech company said it intends to use the proceeds from the $425 million offering, along with available cash, to redeem its outstanding 5.75% senior notes due in 2023, including the payment of related […]
Trial will pit Nobles Medical’s PFO tech against Abbott’s for stroke reduction
The FDA has granted Nobles Medical Technologies II approval to conduct a prospective pivotal clinical trial for the expanded indication of patent foramen ovale (PFO) closure for reduction of recurrent ischemic stroke, according to the company. The FDA cleared the NobleStitch EL for cardiovascular suturing in April 2017. It was CE marked in Europe for […]
Sight Sciences raises $31m in Series D funding
Sight Sciences said today that it closed a Series D funding round of more than $30 million. The financing, led by KCK Group, totaled $31 million for the Menlo Park, Calif.-based company that specializes in devices for micro-invasive glaucoma surgery (MIGS) and in treatments for dry eye disease. The company initially said it had pulled […]
ESC Congress: Study shows bariatric surgery can improve cardiac outcomes in Type 2 diabetes
Bariatric or metabolic surgery can significantly lower the risk of major cardiovascular events among patients with Type 2 diabetes and obesity, according to a new clinical study released at the European Society of Cardiology Congress in Paris. The retrospective study followed 13,722 Type 2 diabetes patients who underwent bariatric surgery to lose weight or metabolic […]
Sofregen raises $8.1m in equity offering
Sofregen Medical has raised more than $8 million in a stock offering, according to an SEC filing. The Medford, Mass.-based soft-tissue aesthetics company opened the offering August 16, 2019, attracting three investors who purchased $8.1 million of its shares. Sofregen did not disclose how it plans to use the proceeds. In January, the early-stage commercial biotech […]
ESC Congress 2019: Biotronik beats Abbott at target lesion failure
Biotronik said yesterday that its Orsiro stent tops the Xience stents made by Abbott (NYSE:ABT) when it comes to target lesion failure, according to data from a clinical trial. The randomized, controlled BioSTEMI trial was the first direct comparison between the two drug-eluting stents in patients with acute ST-segment elevation myocardial infarction (STEMI). Biotronik announced […]
Titan Medical inks $35m financing deal with Aspire Capital
Titan Medical (TSX:TMD;OTC:TITFX) said yesterday that it inked a share purchase agreement with Aspire Capital worth up to $35 million. In the deal, Aspire Capital committed to purchase Titan stock up to the $35 million mark until Feb. 28, 2022, at Titan’s request. Titan plans to immediately sell Aspire Capital nearly 1.8 million shares at $1.69 […]
Titan Medical delays timeline on Sport robot-assisted surgery device
Titan Medical (TSX:TMD;OTC:TITFX) today pushed back the timeline on its Sport robot-assisted surgery device, saying it now expects to file for 510(k) clearance from the FDA next year, sending its share prices down in New York and Toronto. With a successful human factors evaluation of the single-port device under its belt, the Toronto-based company said […]
These 5 DIY medical devices might surprise you
Big ideas in medical device development can come from regular people driven to solve vexing problems. Here are a handful of folks from outside the medtech industry who decided to create devices to solve their own health troubles or those of others around the world. Read on to see what high school, college and medical […]
Are Intuitive Surgical robots the best IDEA in medtech?
Intuitive Surgical (NSDQ:ISRG) robots won two of the three gold awards in the medical and health category at this year’s IDSA International Design Excellence Awards (IDEA). The strong showing of robotic systems at the Industrial Designers Society of America’s IDEA ceremony, held last night in Chicago, are but another sign that robot-assisted surgery is a hot area […]