Avinger Priced, Nasdaq: AVGR

Sells an image-guided, catheter-based system to treat peripheral arterial disease.

Industry: Health Care

Latest Trade: $0.37 0.00 (0.0%)

First Day Return: +3.8%

Return from IPO: -97.2%

Industry: Health Care

We are a commercial-stage medical device company that designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease. Patients with PAD have a build-up of plaque in the arteries that supply blood to the arms and legs. Our mission is to dramatically improve the treatment of vascular disease through the introduction of products based on our lumivascular platform, the only intravascular image-guided system available in this market. We manufacture and sell a suite of products in the United States and select European markets. Our current products include our Lightbox imaging console, as well as our Wildcat, Kittycat, and the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion. We are also developing Pantheris, our image-guided atherectomy device, designed to allow physicians to remove arterial plaque in PAD patients with precision. Pantheris is currently undergoing a U.S. clinical trial intended to support a 510(k) submission in the second half of 2015 to the FDA. We believe that Pantheris, if cleared by FDA, will significantly enhance our market opportunity within PAD and can expand the overall addressable market for PAD endovascular procedures.
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IPO News for Avinger
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IPO Data
IPO File Date 12/30/2014
Offer Price $13.00
Price Range $12.00 - $14.00
Offer Shares (mm) 5.0
Deal Size ($mm) $65
IPO Data
IPO Date 01/29/2015
Offer Price $13.00
Price Range $12.00 - $14.00
Offer Shares (mm) 5.0
Deal Size ($mm) $65
Underwriters
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Company Data
Headquarters Redwood City, CA
Founded 2007
Employees 116
Website www.avinger.com