Perseon Medical (NSDQ:PRSN) said yesterday that it closed the sale of its assets this week and reverted to its former name, BSD Medical, as part of the deal. The $4.35 million sale, which closed August 22, was part of the Chapter 11 bankruptcy proceedings for Perseon, which makes the MicroThermX microwave ablation system for treating soft tissue tumors. The device can […]
MedLink Technologies to buy Perseon Medical for $4.4m
Perseon Medical (NSDQ:PRSN) said yesterday that it inked a deal with MedLink Technologies to be acquired for $4.35 million as part of its Chapter 11 bankruptcy. Salt Lake City-based Perseon said MedLink put up an $850,000 bid deposit, which Perseon would have to return (plus 5% on any of it used to fund operations) if MedLink doesn’t […]
NASDAQ to delist Perseon, CEO Carnell to take no pay
Perseon Medical Corp. (NSDQ:PRSN) said it received a notice from Nasdaq informing the company its stock will be delisted after a failure to comply with annual meeting rules, and announced its CEO Clinton Carnell will cut his salary as the company looks to reduce its material expenses. The company said it received the notice from the […]
Perseon slashes workforce after $11m merger fails
Perseon Medical (NSDQ:PRSN) said yesterday that it laid off a “substantial” number of employees as it looks to stay afloat after the failure last month of an $11 million merger with Galil Medical. Salt Lake City-based Perseon, formerly known as BSD Medical, makes the MicroThermX microwave ablation device. The Galil merger, announced in October, foundered after not enough stockowners tendered […]
Galil Medical kills $11m Perseon bid
Galil Medical spiked its $11 million tender offer for Perseon Medical (NSDQ:PRSN) and its MicroThermX microwave ablation device, after failing to gather enough shares despite extending the deadline. The deal, announced in October, called for Arden Hills, Minn.- and Yokneam, Israel-based Galil to pay $1 per share plus 2¢ per warrant for Perseon, formerly known as BSD Medical. Shareholders had tendered […]
Galil Medical extends deadline for $11m Perseon buy
Galil Medical said today that it’s extending the deadline on its $11 million tender offer for Perseon Medical (NSDQ:PRSN) and its MicroThermX microwave ablation device. Arden Hills, Minn.- and Yokneam, Isrel-based Galil said it moved the deadline from Dec. 11 to Dec. 21 “to allow additional time for the satisfaction of the financing condition.” CEO Marty Emerson said during a conference […]
Galil Medical to pay nearly $11m for Perseon
Galil Medical agreed to pay $10.6 million to acquire Perseon Medical Corp. (NSDQ:PRSN) and its MicroThermX microwave ablation device. The deal calls for Arden Hills, Minn., and Yokneam, Isrel-based Galil to pay $1 per share plus 2¢ per warrant for Perseon, formerly known as BSD Medical. “We believe this transaction propels us to a market leadership position in […]
Perseon CEO Carnell on righting the ship in medtech
Perseon (NSDQ:PRSN), previously known as BSD Medical, has gone through some significant changes in the past year – renamed, rebranded, and divested of assets. At the helm for these changes is Clint Carnell, former CEO of MyoScience, advisor to Covidien and veep of sales at Bausch & Lomb’s surgical division. Carnell has been in the […]
ViewRay tables $52m IPO | Medtech Wall Street news for the week of April 13, 2015
Ex-FDA chief Hamburg moves to Institute of Medicine | Personnel Moves
Dr. Margaret Hamburg, who resigned as FDA commissioner in February, was named foreign secretary of the U.S. Institute of Medicine this week.
Hamburg spent 6 years leading the federal safety watchdog, overseeing a massive revamp of its medical device, drug, food and tobacco regulation.
BSD Medical rebrands as Perseon, wins expanded FDA nod for MicroThermX
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