Finance

Trimedyne raises $3 million to finance expected increase in sales of new laser fiber

Published in Medical Devices and Surgical Technology Week, January 14th, 2007

Trimedyne Inc, (TMED) announced it raised $3,250,000 through a private offering of 2,600,000 shares of common stock at a price of $1.25 per share. The offering was conducted by J. H. Darbie & Co., Inc., an international investment banking firm with its headquarters in New York, New York.

The investors include Crescent International Ltd. and Leviticus Partners LP and funds managed by Corsair Capital Management and Lewis Asset Management.

Trimedyne recently received U.S. Food and Drug Administration (FDA) clearance to market a new, side firing laser fiber for use with Holmium lasers for their FDA cleared indications, including the treatment of benign...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Medical Devices and Surgical Technology Week

Source: Medical Devices and Surgical Technology Week (2007-01-14)

More Articles from Medical Devices and Surgical Technology Week

Medical Devices
Gene chip technology shows potential for identifying life-threatening blood infection
Medical Devices
Medicsight CAD significantly improved reader interpretation of CT colonography, study shows
Biomedical Engineering
Findings from University of Groningen, Department of Biomedical Engineering advance knowledge in biomedical engineering
Biomedical Engineering
Findings in biomedical engineering reported from Prince of Songkla University
Biomedical Engineering
I-Shou University, Institute of Biotechnology details research in biomedical engineering
Biomedical Engineering
Investigators at Medical Research Council National Institute for Medical Research have published new data on biomedical engineering
More from this issue of Medical Devices and Surgical Technology Week

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry