Establishment Labs this week announced it received CE mark approval for its Motiva Injector, Motiva Inflatable Balloon and Motiva Channel Dissector. The company designed the three devices for its next-generation minimally invasive aesthetic procedures. “The approval in Europe of our minimally invasive tools is an important step in the evolution of plastic surgery,” Founder and […]
Establishment Labs
Establishment Labs names former Jefferies analyst as CFO
Establishment Labs today announced that it has appointed Raj Denhoy as chief financial officer, effective immediately. Denhoy has been with the Santa Barbara, Calif.–based women’s health medtech company since February when he was appointed as head of strategy and investor relations. He has served as interim CFO since August. “Raj has quickly become a trusted […]
Establishment Labs CFO stepping down, interim replacement announced
Establishment Labs today announced that its chief financial officer Renee Gaeta will be stepping down later this month and Raj Denhoy will be her interim replacement. Santa Barbara, Calif.–based Establishment Labs — maker of Motiva Implants for breast reconstruction — said Gaeta is stepping down to pursue other opportunities outside of the company on July […]
Establishment Labs buys Costa Rica plant
Establishment Labs Holdings this week purchased a manufacturing facility in Alajuela, Costa Rica for an undisclosed amount. The company executed a deed with Zona Franca El Coyol to complete the purchase of Building 25 in the Coyol Free Zone in Alajuela, Costa Rica. The facility previously opened at the end of 2016 and the company […]
Establishment Labs shares up on mixed-bag Q4, FY2018 earnings
Shares in breast implant maker Establishment Labs rose in after-hours trading today after the company posted fourth quarter and full year 2018 earnings that beat sales expectations but missed loss-per-share consensus on Wall Street. The New York-based company posted losses of $10.5 million, or 52¢ per share, on sales of approximately $16.4 million for the three […]
Establishment Labs inks asset repurchasing deal with German, Spanish distributors
Breast implant maker Establishment Labs said today it inked a number of asset purchase agreements with distributors in Spain and Germany to repurchase stock they had previously held, according to an SEC filing. The Costa Rica-based company said it inked an asset purchase deal with Motiva Matrix Spain SL for assets including all existing inventory previously sold […]
Establishment Labs prices $67m IPO
Breast implant maker Establishment Labs yesterday priced its initial public offering at $18 per share, saying it expects to gross nearly $67 million not including a possible underwriters option. Alajuela, Costa Rica-based Establishment Labs originally registered the offering at $58 million, saying it plans to use the proceeds to fund a pre-market approval study of its Motiva implants. The FDA […]
Breast implant maker Establishment Labs registers for $58m IPO
Breast implant maker Establishment Labs yesterday registered for an initial public offering worth nearly $58 million, saying it plans to use the proceeds to fund a pre-market approval study of its Motiva implants. The FDA granted an investigational device exemption in March for the PMA study and enrolled the first patient the next month, the […]