InspireMD Ltd. Raises $23 Million for MGuard Stent

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

InspireMD nets nearly $23 million from a public stock offering, saying it plans to use the proceeds to pursue U.S. approval of its MGuard coronary and carotid stents. InspireMD (OTC:NSPR) said it added some $23 million to its coffers in a public stock offering. The Tel Aviv-based medical device company makes the MGuard device, designed to protect against embolism after stenting procedures. InspireMD said it plans to put the $22.6 million in net proceeds from the sale of 12.5 million shares at $2 per to a variety of uses.

Help employers find you! Check out all the jobs and post your resume.

Back to news