Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Medisys

This article was originally published in The Gray Sheet

Executive Summary

Plans to use majority of $4.2 mil. in expected net proceeds from a stock offering for final development and preliminary sales and marketing of Sofceps, an obstetrical tractor designed to replace traditional steel obstetrical forceps. In a Securities and Exchange Commission filing for the proposed offering of 1 mil. shares at $5 each, the company notes that the product will be ready for human clinical trials no sooner than three months after the realization of the proceeds. Following the offering, which is being underwritten by Grady and Hatch & Co., there will be approximately 10.7 mil. shares outstanding. Recent bid and ask prices for the stock cited in the March filing were $3.13 and $3.63, respectively.

You may also be interested in...



Sun's Halol Site Faces FDA Action

FDA action awaits Sun’s manufacturing facility in Halol after it failed to adequately address GMP deviations, though India’s top-ranked drug firm appears to have effectively lowered its dependence on the site that has had a patchy compliance run.

Dr Reddy’s And Hikma Win Big On US Vascepa Patents

In a surprise to the market, Dr Reddy’s and Hikma have prevailed in challenging six method-of-use patents shielding Amarin’s Vascepa in the US, opening the door for a potential at-risk launch that would likely be challenged by the originator.

Manipulating Metabolism: Lilly Links With UK Biotech Sitryx

Duo will study up to four novel preclinical targets identified by Sitryx that may lead to potential new drugs for autoimmune diseases, which Lilly would then commercialize.

UsernamePublicRestriction

Register

MT000372

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel