EDAP closes direct offering

French biotech EDAP (EDAP +14.4%) closes a $9.3M direct offering of ordinary shares at $3.11/ADS. Proceeds will be used to advance the preparatory activities related to the Ablatherm HIFU PMA and upcoming Gastroenterology and Urology Devices Ad Comm meeting on July 30 and to expand its U.S. operations to promote Ablatherm HIFU post approval. The device was CE Mark-approved in 2000.

Comments (1)
  • MktMetrics
    , contributor
    Comments (6) | Send Message
    Really like this company and have held shares for 4 years.
    4 Jun 2014, 02:44 PM Reply Like
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