• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
    • Cardiovascular
    • Orthopedics
  • Wall Street Beat
    • Funding Roundup
    • Mergers & Acquisitions
  • Podcasts
    • MPR: Breakthrough Products Series
  • Resources
    • About MassDevice
    • Newsletter Signup
    • Job Board
    • Leadership in Medtech
    • Manufacturer Search
    • MedTech 100 Index
    • Videos
    • Whitepapers
  • DeviceTalks Tuesdays
    • DeviceTalks
  • Coronavirus: Live updates
Home » Mauna Kea looks to fetch $67 million from IPO

Mauna Kea looks to fetch $67 million from IPO

June 21, 2011 By MassDevice staff

 

Funding

Mauna Kea Technologies is looking to raise up to $67 million through an initial public offering of 3.29 million shares on the NYSE Euronext stock exchange.

The offering will priced between 10.65 euros and 13 euros a share and is expected to close on July 4, according to Reuters news service .

The funding will go towards sales support of the Cellvisio platform, a probe-based laser microscope that can examine the inside of any part of the human body in real time. The company was founded in 2000 and received the CE Mark and FDA approval for use in the gastrointestinal tract and lungs in 2005.

The company is conducting clinical trials to evaluate Cellvisio for use in indications other than gastrointestinal and lung applications.

Here’s a roundup of other dealflow and investment news:

  • Merge Healthcare completes $52 private offering
    Merge Healthcare Inc. (NASDAQ:MRGE) closed a private offering of $52 million in aggregate principal of its 11.75 percent senior secured notes, which are due 2015. The company plans to use the proceeds to pay off outstanding preferred stock from a Series A round.
    Read more
  • Vermillion joins Russell Microcap
    Vermillion Inc. (NYSE:VRML) announced that it will be listed in the Russell Microcap Index, which represents the lower third of the 3,000 largest companies representing 98 percent of the investable equity in the U.S. market.  Russell indices are often used by investment managers and institutional investors as a benchmark for active and passive investment.
    Read more
  • CASMED lands $15 million in private placement
    CAS Medical Systems Inc. (NSDQ:CASM) announced that it closed a $15 million private placement funding round for a combination of convertible preferred stock and non-voting exchangeable preferred stock with Thomas, McNerney & Partners. The Branford, Conn.-based company plans to use the funding to advance operating and growth for its Fore-sight tissue oximeter, which won FDA clearance in January, as well as other monitoring products.
    Read more
  • Universal Hospital Services completes $175 million offering
    Universal Hospital Services Inc. announced that it closed its offering of $175 million second lien PIK notes due 2015. The medical equipment management solutions provider plans to use the funds to repay revolving borrowings under its credit facility, pay fees and expenses related to the offering, pay a cash distribution to equity holders and for general corporate purposes, according to the release.
    Read more
  • Jan Medical raises $3.15 million in Series A round
    Jan Medical, maker of portable brain sensing systems, announced that it landed $3.15 million in a Series A funding round lead by Germany-based Brainlab. The Mountain View, Calif.-based company plans to use the funds to advance clinical trials and file for FDA 510(k) for its mobile brain sensor.
    Read more
  • Guided Therapeutics wins $500,000 federal grant
    Guided Therapeutics Inc. (OTC:GTHP) landed a $500,000 grant from the Dept. of Health & Human Services’ Small Business Innovation Research Program for the company’s Instacortisol study assessing real-time and continuous levels of cortisol in interstitial fluid.
    Read more

Filed Under: Funding Roundup, News Well Tagged With: CAS Medical Systems Inc., Guided Therapeutics Inc., Jan Medical, Mauna Kea Technologies, Merge Healthcare, Universal Hospital Services Inc., Venture Capital/Private Equity, Vermillion Inc.

In case you missed it

  • Learn What Quality Trends to Watch for in 2021
  • HHS could make permanent pandemic-related exemptions for some devices
  • Medtechs can’t set digital strategies aside – DTW Podcast
  • NIH increases PhysIQ contract to $6.6M
  • Senseonics announces $50M from stock offering
  • Protolabs to acquire 3D Hubs for up to $330M
  • TransEnterix receives CE Mark for AI for its robotic surgery system
  • Hillrom to buy Bardy Diagnostics for $375M
  • Philips aquires Capsule Technologies and its medical device data tech
  • Masimo launches iSirona connectivity hub
  • Thermo Fisher to acquire Mesa Biotech
  • MedTech 100 roundup: Finally a dip as industry stays relatively strong
  • These medtech stocks performed the best in 2020
  • Medtronic launches deep brain stim trial for Parkinson’s disease
  • Former FDA commissioner Kessler to help lead Biden’s COVID-19 response
  • Facial swelling and COVID-19 vaccines: 4 facts
  • Here’s what molecular shape can tell you about pharma innovation

RSS From Medical Design & Outsourcing

  • HHS could make permanent pandemic-related exemptions for some devices
    HHS has used the Trump administration’s waning days to propose permanently exempting certain medical devices — including infusion pump controllers and fetal monitors — from the FDA 510(k) clearance process. In a notice published Jan. 15, 2021, in the Federal Register, the agency also listed seven types of patient examination gloves that it has decided… […]
  • Medtechs can’t set digital strategies aside – DTW Podcast
    Digital connectivity no longer belongs in the final slides of a medtech company’s pitch deck. In the latest DeviceTalks Weekly podcast, three leaders pushing for connected medical devices explain the need to incorporate data collection and monitoring functionality in new devices: Scott Huennekens, who advanced the “digital surgery” strategy when he helped launch Verb Surgical,… […]
  • Protolabs to acquire 3D Hubs for up to $330M
    Protolabs (NYSE: PRLB) today announced it plans to acquire Amsterdam-based 3D Hubs, an online manufacturing platform that provides engineers with on-demand access to a global network of approximately 240 manufacturing partners. The transaction creates a comprehensive digital manufacturing offer for custom parts, expanding Protolabs’ breadth of capabilities as well as adding a broader offering of pricing and… […]
  • These medtech stocks performed the best in 2020
    While 2020 did not go as planned for anyone, with the twists and turns came opportunities for medtech companies to power forward. Innovations came both as a result of the COVID-19 pandemic and perhaps in spite of the challenges brought on by the virus, highlighted by the increased efforts to produce vaccines and testing while… […]
  • Covestro tests plastics against high-strength hospital disinfectants
    Covestro announced that it recently teamed with disinfectant manufacturer Metrex to test six different Covestro polycarbonate materials against three of Metrex’s products, which are widely used throughout the healthcare industry. As is customary for rapidly assessing the compatibility of plastics to disinfectants, test specimens were pre-strained and underwent several wipe-and-dry cycles with Metrex disinfectants to… […]
  • Integer expands N.Y. battery plant
    Integer announced today that it recently broke ground on an expansion of its Alden, N.Y., facility to accommodate new equipment that will substantially increase the plant’s production capacity for rechargeable Xcellion lithium-ion batteries. The project kicked off in mid-December 2020 and will add both production equipment and a build-out of Integer’s existing facility. The company… […]
  • Diversified Plastics adds high-efficiency vertical presses
    Diversified Plastics (DPI) announced that it recently installed six all-electric vertical injection molding presses. These presses will join DPI’s existing assemblage of vertical presses and provide increased production capacity to meet growing demand from medical device and other original equipment manufacturers (OEMs). DPI uses vertical presses for over-molding and insert-molding, capabilities often required for medical… […]
  • Traco Power expands power supply line for portable medical equipment
    Traco Power announced that it has expanded its TPP 450 high-density 3×5 power supply series. The series now offers Protection Class II models (TPP 450BA-M Open-Frame Models and TPP 450B-M Enclosed with Fan Models), designed for non-stationary requirements where connection to ground is not possible. Key approvals on the original series remain on the expanded… […]
  • Reflow Medical launches low-profile reinforced support catheters
    Reflow Medical today announced it has launched its Reflow Spex Low Profile reinforced support catheters. The Spex LP catheters are designed to provide the lowest profile tip to access and cross the tightest and most complex lesions with a supportive system. They come in 0.014 in. and 0.018 in. sizes and can be combined with… […]
  • Former CDER head Woodcock to lead FDA for now
    FDA veteran Dr. Janet Woodcock has been tapped as interim FDA commissioner by the Biden administration, according to published reports. An article by BioCentury also said that former FDA commissioner David Kessler, who had been mentioned as a possible replacement for current commissioner Stephen Hahn, will be a consultant to the agency but will not… […]
  • What’s next for the FDA and for Stephen Hahn?
    Outgoing FDA commissioner Stephen Hahn says he needs some time to reflect on his future after leading the FDA for a little over a year. It’s hard to blame him. Hahn’s brief tenure at FDA has been rocky, to say the least. (News of his temporary replacement broke on Thursday, when the incoming Biden administration… […]

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Need Medtech news in a minute?
We Deliver!

MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today.

Tweets by @MassDevice
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion

MASSDEVICE

Subscribe to MassDevice
Advertise with us
About
Contact us

Add us on Facebook Follow us on Twitter Connect with us on LinkedIn Follow us on YouTube

Copyright © 2021 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Advertise | Privacy Policy | RSS