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Innovasive initial public offering (IPO) to fund suture fasteners

This article was originally published in Clinica

Executive Summary

Innovasive Devices is offering 1.9 million shares of common stock at $12.50 per share. The company produces tissue repair systems for use in open surgical and minimally invasive procedures. The company's initial products are the Radial Osteo Compression (ROC) family of suture fasteners and related arthroscopic instruments for use in the sports medicine/ arthroscopy segment of the orthopaedic market.

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