Thursday, August 17, 2006

Hansen Medical Files for IPO

Mountain View-based Hansen Medical has filed for an IPO. The firm is looking to raise up to $86.25M in an offering on the NASDAQ as HNSN. Hansen is a manufacturer of medical robotics systems used for the positioning of catheters. According to the firm's S-1, it had a loss of $21.4M in its year ending 2004, with no revenues. The firm is backed by Skyline Ventures, Vanguard Ventures, Thomas Weisel Healthcare Venture Partners, Do Novo, and others. Underwriters for the IPO are Morgan Stanley, JPMorgan, Thomas Weisel Partners, and Leerink Swann & Company. More information »