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The Vertical Group
Investing for Innovation

Silk Road Medical Strengthens Leadership Team

9/21/2020

 
Via: GlobeNewsWire
SUNNYVALE, Calif., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Silk Road Medical, Inc. (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced that it is strengthening its leadership team with two appointments. William Whealon, Ph.D. has joined the company as Executive Vice President of Research and Development, effective immediately. Silk Road Medical has also named Lucas Buchanan, the company’s current Chief Financial Officer, to also serve as its Chief Operating Officer, effective October 1, 2020.

“We are excited to welcome Bill to Silk Road Medical as we further strengthen our leadership team. His proven track record for building and leading effective and innovative R&D groups and his passion for identifying solutions to solve unmet clinical needs will be instrumental in our continued efforts to achieve durable growth,” said Erica Rogers, President and Chief Executive Officer of Silk Road Medical.

Read More:
 ​https://www.globenewswire.com/news-release/2020/09/21/2096802/0/en/Silk-Road-Medical-Strengthens-Leadership-Team.html

Compelling Outcomes with TCAR vs. CEA in Patients with Carotid Artery Stenosis Published in the Annals of Surgery

9/21/2020

 
Via: GlobeNewsWire
SUNNYVALE, Calif., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Silk Road Medical, Inc. (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced that positive results from the ongoing TransCarotid Artery Revascularization (TCAR) Surveillance Project comparing TCAR and carotid endarterectomy (CEA) have been published in Annals of Surgery1.

“These results continue to show low in-hospital stroke, death, and combined stroke/death rates as well as statistically lower rates of in-hospital cranial nerve injury and in-hospital myocardial infarction compared to CEA,” said Dr. Mahmoud Malas, Chief of Vascular and Endovascular surgery at UC San Diego Health. “These promising outcomes will likely increase the role of TCAR in the management of carotid artery stenosis.”

​Read More:
 https://www.globenewswire.com/news-release/2020/09/21/2096566/0/en/Compelling-Outcomes-with-TCAR-vs-CEA-in-Patients-with-Carotid-Artery-Stenosis-Published-in-the-Annals-of-Surgery.html

Portable dialysis machine maker Outset Medical posts $242M IPO

9/15/2020

 
Via: Fierce Biotech
After raising $125 million for its commercialization efforts earlier this year, portable dialysis machine manufacturer Outset Medical is now going public with a $241.7 million Nasdaq IPO.

Trading under the ticker symbol "OM," the company priced 8.95 million of its shares at $27 apiece, upsizing its previous plans to offer 7.6 million shares between $22 and $24—a 38% boost overall, according to Renaissance Capital. The offering is set to close Sept. 17.

The former Fierce 15 winner’s Tablo hemodialysis system is designed to serve as a standalone unit. While traditional machines may require a connection to an outside source of clean water, the Tablo unit includes integrated water purification hardware, allowing it to run off of tap water and a basic electrical outlet.

Read More: 
https://www.fiercebiotech.com/medtech/portable-dialysis-device-maker-outset-medical-raises-242m-ipo​

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