Medical device industry insiders may very well remember 2019 as the year that IPOs came back — but another sign that the U.S. economy has left the Great Recession far behind. Among the top investment deals in the space, half involved public offerings, according to the MoneyTree report from PricewaterhouseCoopers (PwC) and CB Insights. Total investments […]
Procept Biorobotics taps industry veteran as new CEO
Procept BioRobotics recently announced that Reza Zadno, former CEO of ophthalmology tech company Avedro, has taken over the corner office at Procept. Zadno has more than three decades of leadership in the medical device industry, with a track record of successfully leading young companies to acquisitions. The latest was Avedro, which Glaukos (NYSE:GKOS) acquired for an […]
Glaukos completes Avedro buy
Glaukos (NYSE:GKOS) today said it completed its acquisition of Glaukos for an undisclosed amount. Avedro develops single-use drug formulations that are designed to strengthen corneal tissues and stop the progression of degenerative corneal ectatic disease keratoconus. Get the full story on our sister site, Drug Delivery Business.
On mixed Q2 results, Glaukos announces Avedro buy
Glaukos (NYSE:GKOS) posted its second-quarter financial results this week and reported that it plans to acquire Avedro in an effort to build out its corneal health franchise. Avedro develops single-use drug formulations designed to strengthen corneal tissue and stop the progression of a degenerative corneal ectatic disease known as keratoconus. According to the Mass.-based company, the total U.S. […]
Avedro prices, launches $70m IPO
Avedro earlier this month priced its initial public offering, looking to raise approximately $70 million in gross proceeds. The Waltham, Mass.-based company said it plans to float 5 million shares at a price of $14 per share, with the potential to bring in a total of $70 million. The initial public offering also comes with a […]
Avedro sets $75m IPO terms
Avedro has set the terms for its initial public offering, looking to raise between $70 million and $80 million in total. The Waltham, Mass.-based ophthalmic device company said it plans to float 5 million shares of its common stock at between $14 and $16 per share. The company said it also plans to grant a 30-day […]
Avedro registers for $86m IPO
Avedro has registered for an upcoming initial public offering, looking to bring in approximately $86.3 million, according to a recently posted SEC filing. The Waltham, Mass.-based company aims to list its common stock on the Nasdaq Global Market under the symbol “AVDR,” according to the filing. Avedro is an ophthalmic device and pharmaceutical company focused on […]
Medtech companies raised more than $738 million in Q2
Venture capital firms invested more than $738 million during the second quarter of 2018, $1 million less than the first quarter of this year, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There was a total of 61 deals during Q2, an increase from the 48 that the industry saw during Q1. […]
