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Cardica Inc. Message Board

  • biotechbeagle biotechbeagle Jun 20, 2013 10:17 AM Flag

    Surgical-Device Maker Applied Medical Pulls IPO Registration

    Surgical-Device Maker Applied Medical Pulls IPO Registration
    Brian Gormley
    June 05, 2013
    (c) 2013 Dow Jones & Company, Inc.
    Applied Medical Corp., a manufacturer of surgical tools that filed to go public in 2011 at the behest of Institutional Venture Partners and other shareholders, has withdrawn its registration amid an ongoing dispute with venture backers.
    Applied Medical, based in Rancho Santa Margarita, Calif., formed in 1987 and sells medical devices used in general, colorectal, vascular, and other types of surgery. To compete with larger players, the company says it prices and sells products well below that of its competitors....

    Sentiment: Strong Buy

 
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