MassDevice.com +5 | The top 5 medtech stories for January 23, 2017

Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry. Get this in your inbox everyday by subscribing to our newsletters.   5. Varian Medical’s components spinout, Varex Imaging, begins public trading Shares in Varex Imaging, the $200 million components business spun out of Varian Medical, hit the market last week for their 1st day of public trading. Stock in Salt Lake City-based Varex debuted Jan. 20 at $28 apiece, hitting a high of $28.50 before closing up 0.5% at $28.15 per share. Varian said earlier this month that it expects the spinout, accomplished via a tax-free distribution of shares such that each stockholder receives 0.4 shares of Varex for each Varian share, to be complete Jan. 28. The stock is slated to begin normal trading under the “VREX” symbol Jan. 30. Read more 4. Elucent Medical raises $7.2 in Series A for next-gen breast clip device Breast cancer-focused medical device startup Elucent Medical has raised $7.2 million in a Series A round of financing, according to an Xconomy report. The funding round for the Eden Prairie, Minn.-based company closed late last year, according to Xconomy, who spoke to co-founder and CEO Laura King. Read more 3. PixarBio ends bizarre tak...
Source: Mass Device - Category: Medical Equipment Authors: Tags: News Well Plus 5 Source Type: news