PEAK Surgical’s plasma electrosurgical tools net $21M
Palo Alto, Calif.-based PEAK Surgical, a device company developing new surgical tools that aim to control bleeding via electric energy, raised $21 million in a third funding round. Investors included Signet Healthcare Partners, Lehman Brothers and Venrock Associates.
The company is working on new electrosurgical tools that it says should offer significant improvements over the existing technology for using electric pulses to heat surgical instruments for cutting or coagulation of tissue. PEAK doesn’t go into great… Continue Reading
Power Medical, surgical-instrument maker, looks to raise $100M from IPO
Power Medical Interventions, a Langhorne, Penn., maker of computer-assisted surgical instruments, filed to raise up to $100 million in an IPO. The company develops precisely controlled “endomechanical” cutters and staplers designed to apply consistent and powerful force in both open and minimally invasive surgeries.
Power Medical has incurred cumulative losses of roughly $137 million and envisions those continuing through 2008. Its IPO filing is here; VentureWire (subscription required) has more here.