Ellipse Tech Files for $75 Million IPO

Published: Oct 19, 2015

Ellipse Technologies last week registered for an initial public offering that could fetch as much as $75 million for its magnetically adjustable orthopedic implants.

Aliso Viejo, Calif.-based Ellipse has a pair of orthopedic surgery devices already on the market, the Magec-Eos spinal bracing and distraction system for early-onset scoliosis, and the Precice limb-lenthening system for treating limb length discrepancies.

The systems are designed to allow physicians to use an external remote controller to adjust the size, shape, position and alignment of the devices after they’re implanted.

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