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Home > Weight Loss: EnteroMedics Closes $13M Round

Weight Loss: EnteroMedics Closes $13M Round

EnteroMedics closes a $13 million public offering it plans to use to win FDA approval for its Maestro weight loss device.

MassDevice.com Wall Street Beat

EnteroMedics [1] (NSDQ:ETRM [2]) said it closed a public offering it expects to add about $12 million to its coffers after it pays off expenses.

The St. Paul, Minn.-based medical device company is developing technology to treat obesity using neurostimulation of the vagus nerve to suppress the appetite.

EnteroMedics said [3] it plans to use the cash to pursue FDA approval of its Maestro RC vagal nerve blocking system and to commercialize the device overseas.

Content Item Type: 
News [4]
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http://www.mdtmag.com/news/2013/03/weight-loss-enteromedics-closes-13m-round
Summary: 

EnteroMedics said it closed a public offering it expects to add about $12 million to its coffers after it pays off expenses. The St. Paul, Minn.-based medical device company is developing technology to treat obesity using neurostimulation of the vagus nerve to suppress the appetite.

Contributed Author: 
Mass Device
Legacy NID: 
145 946

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Source URL: https://www.mdtmag.com/news/2013/03/weight-loss-enteromedics-closes-13m-round

Links
[1] https://www.massdevice.com/company/enteromedics-inc
[2] http://www.google.com/finance?q=etrm
[3] http://www.marketwire.com/press-release/enteromedics-announces-closing-13-million-public-offering-common-stock-warrants-nasdaq-etrm-1762062.htm
[4] https://www.mdtmag.com/content-item-types/news