Skyline Medical said today that stockholders approved a set of proposals including a reverse stock split and doubling the number of authorized shares of common stock. The reverse stock split will be not-less than 1 for 2 shares and not more than 1 for 25 shares. Minneapolis-based Skyline has not yet decided on the exact details […]
Wall Street Beat
Agilent prices $300m notes offering
Agilent Technologies (NYSE:A) today priced a $300 million public offering of senior notes, with proceeds slated to repay its revolving credit facility. The Santa Clara, Calif.-based company will run the offering under an automatic shelf registration statement, with notes set to mature in September 2026 at an annual interest rate of 3.05%. Proceeds from the round are […]
Johnson & Johnson to buy Abbott optics biz for $4.3B
Johnson & Johnson (NYSE:JNJ) said today that it inked a deal to pick up Abbott‘s (NYSE:ABT) medical optics business for $4.3 billion in cash. The deal for Abbott’s subsidiary Abbott Medical Optics, which reported sales of $1.1 billion, includes its portfolio of ophthalmic products covering cataract surgery, laser refractive surgery and consumer eye health. “Eye health is […]
Hamilton Thorne picks up Embryotech Labs for $7m
Laser device and imaging analysis maker Hamilton Thorne said today it picked up Mass.-based Embryotech Laboratories for $7.25 million. Get the full story at our sister site, Medical Design & Outsourcing.
3D printer Carbon raises $81m
Silicon Valley-based 3D printing company Carbon said today that it raised $81 million in a new funding round it plans to use for its medical device and auto part printing business. Get the full story at our sister site, Medical Design & Outsourcing.
Misonix delays annual report, taps Dwyer as interim CFO
Misonix (NSDQ:MSON) said today that it delayed its annual report due to “deficiencies” in its internal financial reporting controls and posted a swing to red ink for fiscal 2016. The Farmingdale, N.Y.-based company also said it named Joseph Dwyer as interim CFO, replacing Richard Zaremba, who was named senior finance VP. “The filing stated that the audit committee […]
Intarcia raises another $215m to support its ITCA 650 drug pump
Intarcia Therapeutics said today that it raised $215 million in a new round of financing to back its ITCA 650 implantable drug pump, designed for treating Type II diabetes, which is slated to launch in late 2017. The Cambridge, Mass.-based company said it expects a “larger 2nd close with additional top-tier investors” in the 4th quarter. Intarcia is looking to raise up […]
Boston Scientific gets in on $10m Series C round for thermal body mapper Securus Medical
Boston Scientific (NYSE:BSX) joined a $10 million Series C round for Securus Medical Group, developer of a recently FDA-cleared thermal body mapping device. Proceeds from the round are slated to be used for product development and clinical investigation of the company’s infrared thermographic system designed for intrabody thermal measurements. The device is intended for continuous esophageal […]
Lantheus Medical Imaging prices $40m offering
Lantheus Medical Imaging (NSDQ:LNTH) last week priced a new $40 million offering, with funds slated to pay down approximately $55 million of the outstanding principal balance under its senior secured credit facilities. In the round, North Billerica, Mass.-based Lantheus will look to float 5.2 million shares of common stock at $7.76 per share, according to an SEC […]
Mylan CEO to testify before House panel over EpiPen pricing
(Reuters) –Mylan (NSDQ:MYL) Chief Executive Officer Heather Bresch will appear at a Sept. 21 congressional hearing over price increases for its EpiPen emergency allergy treatment, the U.S. House of Representatives Oversight Committee said in a statement on Wednesday. Mylan has been widely criticized, including by U.S. Democratic presidential candidate Hillary Clinton, for sharply raising the price […]
Insulet closes $345 private placement
Insulet (NSDQ:PODD) said yesterday that it closed a $345 million private placement, raking in $45 million more than it expected when it priced the round last week. Billerica, Mass.-based Insulet, which makes the Omnipod insulin management system for treating diabetes, said it closed a private placement of $345 million principal amount in convertible senior notes, due […]