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ESC Medical Systems raises $18 million in secondary offering:

This article was originally published in Clinica

Executive Summary

ESC Medical Systems has raised $18 million net in a secondary public offering five months after going public. The electro-optic device developer sold 750,000 shares at $24.75 each at the same time as stockholders offered 3 million shares. ESC, based in Haifa, Israel, floated on the Nasdaq in January at a price of $15 a share (see Clinica No 687, p 9 and No 691, p 15).

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