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

BIOSITE TO EXPAND TRIAGE SALES AND MARKETING ACTIVITIES, INCLUDING IN-HOUSE CAPABILITIES, WITH IPO PROCEEDS; EXPECTS TO RAISE $22-26 MIL. FROM OFFERING

This article was originally published in The Gray Sheet

Executive Summary

Biosite Diagnostics plans to use $7 mil. of proceeds from its initial public offering to expand its sales and marketing activities, including "the development of direct sales capabilities in select markets," the firm says in a Dec. 11 registration statement. The Securities and Exchange Commission filing covers a proposed IPO of 2 mil. shares that would raise $21.6 mil. in net proceeds at $12 a share.

You may also be interested in...



UK Biotech Financing Holds Up Despite Woodford and Brexit

Neil Woodford’s fall from grace and Brexit dragged on an otherwise buoyant sector

Dr Reddy’s Focuses On India And China

Dr Reddy’s sees its Indian domestic market and China as hot prospects as it pursues its “transformation journey” in which it is reducing its dependence on the slowing US market.

Glenmark Sells Gynecology Unit

Glenmark has struck a deal with private equity firm True North for its gynecology business in India and Nepal.

UsernamePublicRestriction

Register

MT007284

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