From the FDA’s clearance of Covalon’s film-drape to Bioventus launching its study, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. FDA clears Covalon’s MediClear OTC surgical film-drape Covalon announced in a Sept. 21 press release that the FDA has cleared its MediClear PreOp to market in U.S. hospitals, […]
Covalon Technologies
Covalon Tech plans $3m offering
Covalon Tech today announced an upcoming $2.6 million offering, with $1.8 million from a non-brokered private placement and $775,000 from the exercise of currently outstanding warrants. In the offering, the Mississauga, Canada-based company will offer approximately 931,121 units at $1.96 per share, looking to raise gross proceeds of $1.8 million. Each unit offered is comprised of 1 […]
Covalon wins $7.6m Saudi Arabian supply contract
Covalon Tech said today it won a $7.6 million 12-month supply contract with the Ministry of Health facilities in Saudi Arabia to supply the country with its ColActive Plus and ColActive Plus Ag wound care dressings. The Mississauga, Canada-based company said the contract was won after a “highly competitive bidding process” that selected Covalon as […]