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Financings In Brief

This article was originally published in The Gray Sheet

Executive Summary

Transoma Medical postpones IPO: Previously planned initial public stock offering worth up to $75 million will be postponed due to "unfavorable market conditions," Transoma Medical says. The St. Paul, Minn.-based firm's Sleuth implantable electrocardiogram monitoring system debuted last October (1"The Gray Sheet" Oct. 22, 2007, p. 16)

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Financings In Brief

Transoma Medical IPO: Maker of the Sleuth implantable electrocardiogram monitoring system announces Oct. 12 plans for an initial public offering of up to $75 million in common stock. The Sleuth system, which "captures, records, analyzes and wirelessly transmits clinically relevant ECG data," debuted earlier this month following an Oct. 1 510(k) clearance. The system is intended for monitoring patients with clinical syndromes or increased risk of cardiac arrhythmias, as well as patients "who experience transient symptoms that may suggest a cardiac arrhythmia," the firm says (1"The Gray Sheet" Jan. 1, 2007, p. 21). By 2009, Transoma plans to release an enhanced version for diagnosing and monitoring atrial fibrillation. Future generation systems also will enable stratification of patients at risk of sudden cardiac death and long-term monitoring of blood pressure, the firm says. Transoma generated revenue of $37.2 million for the 12 months ended June 30, up 20.5%, based on use of its technology in animal models for biomedical research. Underwriters for the IPO include Piper Jaffray, Thomas Weisel Partners, RBC Capital Markets, Canaccord Adams and BMO Capital Markets

Health And Wellness Trademark Review 14 January, 2020

Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.

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