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Inspire Medical nets $70.5mm via follow-on
18 Dec 2018
Executive Summary
Inspire Medical Systems Inc. (implantable neurostimulation device for patients with obstructive sleep apnea) netted $70.5mm through the follow-on sale of 1.88mm common shares (including full exercise of the overallotment) at $40 each. Stockholders sold another 1mm shares. The company plans to use the funds to hire sales and marketing personnel and expand marketing programs in the US, Europe, and Japan, for R&D activities, and for potential acquisitions or partnership opportunities.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
- Monitoring Equipment & Devices
Deal Status
- Final
Deal Type
-
Financing
- FOPO
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Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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Inspire Medical nets $70.5mm via follow-on
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