Motus GI (NSDQ:MOTS) said yesterday that it’s preparing a follow-on offering worth nearly $14 million for its Pure-Vu colonoscopy device. Ft. Lauderdale, Fla.-based Motus said it plans to float 5 million shares at $2.70 apiece, for gross proceeds of $13.5 million. A 30-day underwriters option on a further 750,000 shares would add $2.0 million if fully […]
Positive PureVu data gives Motus GI a brief bump
Motus GI (NSDQ:MOTS) shares got quite a bump yesterday on positive data for its PureVu colonoscopy prep device, before a general market sell-off brought the stock back down to earth. Ft. Lauderdale, Fla.-based Motus GI’s PureVu device is designed to attach to standard and slim colonoscopes to deliver a mixture of water and air to remove debris […]
Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018
Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]
Motus GI wins FDA nod for Pure-Vu slim colonoscopy sleeve
Motus GI said today that it won FDA 510(k) clearance for its Pure-Vu slim sleeve as part of its Pure-Vu system, intended for use during slim colonoscopies. With the clearance of the Pure-Vu slim sleeve, Motus GI said that the Pure-Vu system is now cleared for the full range of procedures in the colonoscopy market, with […]
Motus GI wins CE Mark for Pure-Vu system
Motus GI said today it won CE Mark approval in the European Union for its flagship Pure-Vu system designed to clean poorly-prepped colons during colonoscopies. Approval was supported by positive results from a 47-patient European clinical study of the Pure-Vu system in cleaning poorly prepared colons, which showed an increase in the number of adequately cleansed […]
Motus GI closes $18m IPO
Motus GI last week closed an initial public offering worth $18 million for its Pure-Vu system for intra-colonoscopy cleaning. Fort Lauderdale-based Motus said it plans to use the proceeds to commercialize Pure-Vu and for R&D, among other things. The company said it sold 3.5 million shares at $5 apiece, grossing $17.5 million, and also granted a 30-day […]
Motus GI downsizes IPO to $18m
Motus GI today priced its upcoming initial public offering, dropping the range from a midpoint of $26 million to a total of $18 million. In the offering, the Fort Lauderdale, Fla.-based company said it will offer 3.5 million shares of common stock at $5 per share, with its shares slated to begin trading on Nasdaq today […]
Motus GI sets terms for $26m IPO
Motus GI yesterday set the range for its pending initial public offering, which at the midpoint would fetch nearly $26 million. Last month the Israeli company, which makes the Pure-Vu intra-colonoscopy cleaning system, registered the IPO at roughly $28.8 million. Motus GI won FDA clearance for the device in September 2016. Yesterday Motus said it plans […]
Motus GI announces plans for $29m IPO
Motus GI said this week it intends to hold an initial public offering to raise approximately $28.8 million, according to an SEC filing. The company developed and produces the Pure-Vu cleaning system which is designed to be used with a standard colonoscope to perform intra-procedural cleaning of poorly prepared colons. Motus GI won FDA clearance for […]
Motus GI raises $30m for Pure-Vu colonoscopy system
Motus GI said today that it closed a $30 million private placement which it plans to use in support of the commercial launch of its Pure-Vu colonoscopy system. The lead investor in the placement was Perceptive Advisors, joined by Orchestra Medical Ventures, Ascent Biomedical Ventures, Jacobs Investment Company, GJG Life Sciences and Pura Vida Investments. The […]
Motus GI raises $26m in new offering
Motus GI raised $25.6 million in a new offering, with 171 investors contributing to the round, according to regulatory filings. The Tirat Carmel, Israel-based company said it still has $4.4 million left to raise. Although the company has not made a formal statement detailing how it plans to spend its newly-acquired funds, it wrote in an SEC […]
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