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Biotech / Medical : Future Medical Device Companies -- Ignore unavailable to you. Want to Upgrade?

To: dr.praveen who wrote (14)	8/17/2006 6:11:30 PM
From: dr.praveen	Read Replies (1) \| Respond to of 136

Hansen Medical Files IPO For $86.25 Million In Common Stock 08-16-06 07:19 PM EST WASHINGTON -(Dow Jones)- Hansen Medical Inc. filed papers for an initial public offering to sell up to $86.25 million in common stock, according to a Form S-1 filed with the Securities and Exchange Commission. The Mountain View, Calif.-based company makes medical robotics designed to help physicians to navigate catheters with greater stability and control. The company didn't disclose how many shares will be offered, nor did it provide an estimated price range for the offering. The company intends to use the net proceeds to support sales, marketing and general administrative activities and research and product development activities, for capital equipment and tenant improvements and to fund working capital and other general corporate purposes. Morgan Stanley, JPMorgan, Thomas Weisel Partners and Leerink Swann are listed as the offer's underwriters. The company said it has applied to list its shares on the Nasdaq Global Market under the symbol HNSN. For the six months ended June 30, the company posted a net loss of $11.39 million, slightly widening from a net loss of $11.35 million for the same period a year ago. The $86.25 million valuation for the IPO was estimated solely for calculating the registration fee, the filing said. Often, the eventual price terms of an IPO differ substantially from the valuation in the first registration. -By Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com