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XOMED SURGICAL PRODUCTS PLANS 4Q LAUNCH OF XPS POWERED TISSUE REMOVAL SYSTEM, MPS POWERFORMA DRILL; $45.8 MIL. IN NET PROCEEDS EXPECTED FROM IPO

This article was originally published in The Gray Sheet

Executive Summary

Xomed Surgical Products plans to roll out its XPS powered tissue removal system and MPS Powerforma drill system for ear, nose and throat applications in the fourth quarter of 1996. The devices are among new products highlighted in a registration statement for a 2.5 mil. share initial public offering filed with the Securities and Exchange Commission Aug. 20.
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