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ArthroCare's Entry Into Spine Surgery Market Attracts Backers To Stock

This article was originally published in The Gray Sheet

Executive Summary

ArthroCare anticipates pursuing additional spinal applications within the next year for its Coblation-based surgical tools following the firm's recent entry into the European spine surgery market.

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Heartport Stock Up 97% In September On Acquisition Interest, New Products

Continued strong interest in minimally invasive surgery by cardiac surgeons, acquisition of competitors in the sector, a new CEO and several recent product introductions appeared to help stimulate a 97.3% gain in Heartport stock in September. The issue gained 2-1/4 points to close the month at 4-9/16.

ArthroCare

Proposed secondary offering of 1 mil. common stock shares is outlined in a registration statement filed with the Securities and Exchange Commission. Net proceeds will be used for further development and commercialization of products based on the firm's Coblation low-temperature tissue ablation technology, and for corporate and other general purposes. The Sunnyvale, California firm plans to pursue additional spinal applications within the next year (1"The Gray Sheet" Sept. 13, p. 12). Underwriters BancBoston Robertson Stephens and Bear Stearns have an overallotment option for an additional 150,000 shares

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