Monday, August 20, 2007

Concentric Medical Files For IPO

Mountain View-based Concentric Medical said Friday that it is looking to raise up to $69M in an IPO on the Nasdaq Global Market. The firm, in a filing with the SEC, said it has applied to list on the Nasdaq Global Market as "CLOT". The firm's IPO is being underwritten by Merrill Lynch & Co., Lehman Brothers, and Thomas Weisel Partners. Concentric Medical develops medical devices for treating ischemic stroke. The firm is backed by Hambrecht & Quist, International Life Sciences Fund, New Enterprise Associates, Oxford Bioscience Partners, and ProQuest Investments.