Southern California devicemaker Vertos Medical has been around a decade, and has a clinically validated treatment for lumbar spinal stenosis. It’s raised many dollars in venture financing, and is in the midst of a new equity round. This begs the question – when will Vertos IPO?
Vertos is aiming to raise $12 million, according to a regulatory filing, and has raised about half of that so far from 21 investors. The company has developed a treatment to allay symptoms of lumbar spinal stenosis, with a simple outpatient procedure that it’s commercializing in the U.S. and Europe.
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