Company’s Research Initiative Recognized as Novel, Innovative Approach to Deliver More Personalized Dialysis Treatment

SAN JOSE, Calif.--(BUSINESS WIRE)--Outset Medical, a commercial-stage company delivering first-of-its-kind technology into the growing global dialysis market, today announced that a project featuring the Tablo™ Hemodialysis System has been selected as a winner of the KidneyX Redesign Dialysis Competition. Outset’s winning concept seeks to couple data from Tablo’s unique set of sensors and automation capabilities with physiologic data from the patient to deliver personalized dialysis treatments, ultimately improving outcomes for patients.
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The KidneyX Redesign Dialysis Competition is a partnership between the U.S. Department of Health and Human Services and the American Society of Nephrology to support innovative strategies for tackling kidney disease, a space that has been historically underfunded despite a growing patient population and poor patient outcomes, including high mortality and low quality of life. These sub-optimal outcomes are due in part to dialysis treatment decisions driven by incomplete, imprecise physiologic measurements and a one-size-fits-all approach to treatment planning. Tablo has a proprietary suite of sensors and data sets that can allow it to merge data from the machine and the patient in order to automatically adjust treatment parameters and customize therapy to an individual patient’s needs, all without interrupting clinic workflow.

Read More: https://www.businesswire.com/news/home/20190429005751/en/Outset-Medical-Announced-KidneyX-Award-Winner-U.S./?feedref=JjAwJuNHiystnCoBq_hl-RLXHJgazfQJNuOVHefdHP-D8R-QU5o2AvY8bhI9uvWSD8DYIYv4TIC1g1u0AKcacnnViVjtb72bOP4-4nHK5ieT3WxPE8m_kWI77F87CseT

The Centers for Disease Control and Prevention reports that nearly 800,000 people in the United States have suffered strokes. Stroke Awareness Month, which occurs in May, is quickly approaching, which makes this a good time to discuss the medical advances in this area. Thankfully, the medical field is rapidly advancing, and new techniques and procedures are created every year. Transcarotid artery revascularization (TCAR) is one such procedure that can change the lives of patients at risk for stroke.

Dr. R. Michael Patton of Wilmington Surgical Associates, located at 1414 Medical Center Drive, is one of the few in town who can perform TCAR, and has some information on this procedure.
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1. TCAR is a very new procedure
TCAR is a very new surgical procedure for patients at high risk of stroke. Drs. Michael Patton and Thomas Eskew, vascular partners at Wilmington Surgical Associates, were the first surgeons in Eastern North Carolina to perform this procedure. It was performed at New Hanover Regional Medical Center for the first time in early 2018. New Hanover Regional Medical Center is also considered a TCAR Center of Excellence, and there are four surgeons who can perform this procedure in Wilmington.

Read More: https://www.thetimesnews.com/news/20190417/tcar-procedure-can-be-life-changing-for-patients-at-risk-of-stroke

Shares of Silk Road Medical (SILK) popped more than 80% on Thursday with an initial public offering that drew heavy interest from investors. The Silk Road Medical IPO raised $120 million.

Shares priced at 20, the high end of its estimated range, and opened at 33.15. The stock climbed further, closing at 36.18, up 80.9% on the stock market today. Silk Road initially set a price range of 15 to 17, later revised to a range of 19 to 20.

Silk Road also hiked the number of shares for the offering by 28% to 6 million.

The Silk Road IPO garnered lots of attention from investors, with one IPO research firm giving the company its highest rating.

Read More: https://www.investors.com/news/technology/silk-road-medical-ipo-initial-public-offering-2/?src=A00220&yptr=yahoo

SUNNYVALE, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- Silk Road Medical, Inc. (Nasdaq:SILK) (“Silk Road Medical”) today announced the pricing of its initial public offering of 6,000,000 shares of common stock at a public offering price of $20.00 per share. All of the shares of common stock are being offered by Silk Road Medical. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. Silk Road Medical’s common stock is expected to begin trading on The Nasdaq Global Market on April 4, 2019, under the ticker symbol “SILK”. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Silk Road Medical, are expected to be approximately $120 million. Silk Road Medical will not receive any proceeds from the sale of shares of common stock by the selling stockholders if the underwriters exercise their option to purchase additional shares. The offering is expected to close on April 8, 2019, subject to the satisfaction of customary closing conditions.

Read More: https://www.globenewswire.com/news-release/2019/04/03/1796738/0/en/Silk-Road-Medical-Announces-Pricing-of-Initial-Public-Offering.html

Medical device company Silk Road Medical (SILK) priced its initial public offering at 20 a share, at the high end of its recently raised expected range. The Silk Road IPO garnered lots of attention from investors, with one IPO research firm giving the company its highest rating. Silk Road stock will start trading Thursday.

Silk Road Medical raised $120 million after selling six million shares. The Silk Road Medical IPO price range was recently raised to 19 to 20 per share from 15 to 17. Silk Road also hiked the number of shares on offer by 28% to 6 million from 4.7 million.

​"There is little question that this IPO is the 'deal of the week' and we have been told by the underwriters to manage expectations accordingly," IPOboutique.com said in a note to clients. The IPO research firm rates IPOs on a scale of 1 to 5. It gave Silk Road a rare rating of 5, or "strongest buy," at the IPO price. The last IPO that received a 5 rating was Facebook (FB) in 2012. Glitches marred the Facebook IPO, though.

Read More: https://www.investors.com/news/technology/silk-road-medical-ipo-initial-public-offering/