Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
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5. MRI Interventions raises $13.3m in private placement
MRI Interventions inked a definitive securities purchase agreement today with a group of investors that is slated to bring the company $13.3 million in gross proceeds.
The agreement includes 6.6 million aggregate units of common stock and warrants. For each unit purchased, investors will get 1 share of common stock and a warrant to purchase 1 share of stock, according to the agreement. Read more
4. SteadyMed raises another $5m from key shareholder
SteadyMed said today that 1 of its largest institutional shareholders exercised warrants to purchase additional shares of the company that the investor got in conjunction with the 1st tranche of a previous private placement.
Thanks to the exercise, San Ramon, Calif.-based SteadyMed received an additional $5 million in proceeds. Read more
3. Senseonics prices $41m underwritten offering for Eversense CGM
Senseonics said today that it priced an underwritten offering of 29 million shares of common stock at $1.41 apiece to a group of institutional investors.
Roche Finance agreed to purchase 21 million shares and New Enterprise Associates agreed to purchase 7 million shares in the offering, according to the Germantown, Md.-based company. Senseonics said it expects to bring in $41 million from the offering, which is slated to close on June 1st. Read more
2. Senate GOP to write new healthcare bill during recess
Senate Republicans, said to be dispirited over their party’s failure to enact its own version of healthcare reform despite holding the White House and both chambers of Congress, reportedly plan to write their own healthcare legislation over the Memorial Day recess.
Budget committee chairman Sen. Mike Enzi (R-Wyo.), along with Sens. Lamar Alexander (R-Tenn.) and Orrin Hatch (R-Utah), have already begun drafting the Senate’s healthcare bill, Politico reported. Read more
1. Survey: Medical device makers expect to be hacked but few are doing anything about it
More than 2/3 of medical device makers believe their products are vulnerable to cyberattack, but less than 1/5 are taking significant steps to do anything about it, according to a survey funded by software firm Synopsys.
Mountain View, Calif.-based Synopsys paid for cybersecurity think tank company Ponemon Institute to survey people who “have a role or involvement in the assessment of and contribution to the security of medical devices.” Ponemon researchers polled 242 medical device employees and 262 workers at healthcare providers for the report, “Medical Device Security: An Industry Under Attack and Unprepared to Defend.” Read more
