Entellus Medical Priced, Nasdaq: ENTL

Sells a minimally invasive treatment to open obstructed sinus pathways.

Industry: Health Care

Latest Trade: $15.64 0.00 (0.0%)

First Day Return: +29.4%

Return from IPO: -8.0%

Industry: Health Care

We are a medical technology company focused on the design, development and commercialization of products for the minimally invasive treatment of patients in the physician office setting or operating room who are suffering from chronic sinusitis. Our XprESS family of products is used by ear, nose and throat physicians to open narrowed or obstructed sinus drainage pathways using balloon sinus dilation to treat patients with symptomatic inflammation of the nasal sinuses. When used as a stand-alone therapy, our balloon sinus dilation products are the only devices proven in a sufficiently powered prospective, multicenter, randomized, controlled trial to be as effective as functional endoscopic sinus surgery. Patients treated with our products in this trial in the ENT physician office also experienced faster recovery, less bleeding at discharge, less use of prescription pain medication and fewer post-procedure debridements than patients receiving FESS. We estimate that physicians have treated over 75,000 patients with our XprESS products since the launch of the first XprESS product in February 2010. For the year ended December 31, 2013, we generated revenue of $32.5 million and had a net loss of $13.4 million. For the nine months ended September 30, 2014, we generated revenue of $34.4 million and had a net loss of $5.7 million. As of September 30, 2014, we had an accumulated deficit of $102.6 million.
more less
IPO News for Entellus Medical
more
IPO Data
IPO File Date 12/23/2014
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 4.6
Deal Size ($mm) $78
IPO Data
IPO Date 01/28/2015
Offer Price $17.00
Price Range $15.00 - $17.00
Offer Shares (mm) 4.6
Deal Size ($mm) $78
Underwriters
more
Company Data
Headquarters Plymouth, MN
Founded 2006
Employees 166
Website www.entellusmedical.com