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.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member