Corindus Vascular Robotics has valued the 11 million shares in its public offering at $3.80 a piece in hopes of obtaining $41.8 million. The company, which designed the FDA-cleared CorPath 200 percutaneous coronary intervention device, was approved to transfer its shares to the New York Stock Exchange from the OTC exchange on Friday.
A Series D funding round has pulled in $41.8 million for Austin, Texas-based Mirna Therapeutics. The company will likely use the money to support the advancement of MRX34, its microRNA candidate, into Phase Ib and midstage trials.
The Isle Hotel Casino in Waterloo, Iowa, does not have to pay a $41.8 million jackpot initially thought to be owed after a computer glitch caused the Miss Kitty slot machine from Aristocrat Technologies to mistakenly display a jackpot message in 2011, the Iowa Supreme Court concluded Friday. Playing on a machine on which rules and pay table were available via touch screen is akin to entering a contract with the casino, regardless of whether one reads the rules, the court ruled unanimously.
Parkway Properties has acquired a majority stake the US Airways Group's headquarters building in Tempe, Ariz., for $41.8 million. W.P. Carey Inc. sold its 75% stake to Parkway. US Airways is keeping its 25% stake in the building, which it occupies.