SEC filing: Kips Bay Medical plans to go public and raise $57.5M

04/8/2010 | Finance and Commerce (Minneapolis)

Kips Bay Medical said in a regulatory filing that it plans to go public in hopes it will secure $57.5 million. The Plymouth, Minn.-based firm said it plans to use the proceeds from the initial public offering to conduct clinical studies in the U.S. and seek regulatory approval for a nitinol mesh sleeve used to back up a vein graft used in coronary artery bypass grafting surgery.

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Finance and Commerce (Minneapolis)

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