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Oratec IPO Proceeds To Expand Marketing Of Thermal Spine/Joint Treatment

This article was originally published in The Gray Sheet

Executive Summary

Marketing activities for Oratec Interventions controlled thermal energy systems to treat spine and joint disorders will be expanded following a planned initial public offering, the firm says.

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Oratec Interventions

Initial public offering of 4 mil. shares at $14 each on April 5 grosses $56 mil. The Menlo Park, California firm markets the SpineCath intradiscal electrothermal therapy system and electrothermal arthroscopy system, and plans to use a portion of the IPO proceeds to expand marketing activities (1"The Gray Sheet" July 19, 1999, p. 11). Oratec shares trade on the Nasdaq exchange under the symbol "OTEC." Underwriters Merrill Lynch, J.P. Morgan and U.S. Bancorp Piper Jaffray hold an overallotment option for 600,000 additional shares

QUOTED. 27 November 2020. Agam Sharda.

The first trial of the new Flash ultra-high dose radiation therapy with Varian Medical Systems’ ProBeam particle accelerator has begun. Agum Sharda, Varian’s senior director of Flash, says the technology could be a major advance for cancer patients.




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