MedSource Technologies IPO Builds On Device Industry Outsourcing Trend
This article was originally published in The Gray Sheet
Executive Summary
Engineering and manufacturing service provider MedSource Technologies is counting on continued growth of the U.S. medical device outsourcing market of about 17% annually as the firm moves toward a planned initial public offering of up to $138 mil
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Financings In Brief
Alliance Medical: Initial public offering will await FDA clearance of five additional 510(k) submissions for reprocessed disposable medical devices, the firm said. The Phoenix company, which has already received clearances for 15 out of 20 510(k)s submitted to the agency, withdrew its August 2001 IPO registration statement March 15. "We feel that conditions for raising money from the public market will be better after FDA has acted on our remaining 510(k) submissions," Alliance explained in a release...