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


Mako misses predicted price range with IPO

This article was originally published in Clinica

Executive Summary

Mako Surgical, a manufacturer of minimally-invasive knee implants, has launched on the Nasdaq Stock Exchange at a lesser price than it had originally expected. Mako debuted on the Nasdaq at $10 per share on February 13, a considerable mark-down from the original $14-16 price range it had set the offering at in an SEC filing in September last year (see Clinica No 1275, p 15). With the lowered IPO pricing, the Fort Lauderdale, Florida-based company expects to net $47.1m in proceeds, compared to the previously anticipated $68.4m. It said it expects to use approximately $14-20m on the expansion of its sales and marketing activities, around $12-18m on R&D and a $4m payment to IBM, a requirement of the IPO under the terms of a licensing agreement between the two firms. By the end of its first week of trading, Mako shares had dropped by 3% to $9.72 per share. The company produces Makoplasty technology to help surgeons treat patient-specific, early- to mid-stage osteoarthritic knee disease.

You may also be interested in...

Finance Watch: Silverback, Kinnate, Sigilon Launch December’s First IPOs

Public Company Edition: Lixte’s small uplisting was the only biopharma initial public offering in the US during Thanksgiving week, but IPOs are ramping up again. Also, LifeSci launched its second SPAC and in follow-on offerings Reata brought in $281m and Intellia grossed $175m.

BioCryst’s Oral Option To Take On Injectables In HAE Prophylaxis Market

Orladeyo is the first oral prophylactic approved in the US for hereditary angioedema, with Japan and EU approvals expected to follow. Pricing of $485,000 a year undercuts segment leader.

STRENGTH Results May Weaken Chances For Omega-3 Fatty Acid Heart Health Claims

Results of Study to Assess Statin Residual Risk with Epanova in High Cardiovascular Risk Patients with Hypertriglyceridemia “should prompt reconsideration of [OTC] mixed omega-3 fatty acid products for [atherosclerotic cardiovascular disease] prevention,” say cardiologists in an editorial published with JAMA study.





Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

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