A Medical Device Daily

The med-tech initial public offering market was not booming in 2005. Compared to about 20 IPOs in the med-tech sector in 2004, only a double handful of firms took the IPO route in 2005. The pattern followed that of the entire IPO market, strong in the first half, weak in the second half. Overall, healthcare remained a large player in the IPO game, making up an estimated 45% of the total.

Following is an alphabetical listing of IPOs reported on by Medical Device Daily during the year and the money raised:

• Ivivi Technologies (Northvale/Santa Clara, California), a subsidiary of ADM Tronics (Northvale, New Jersey), registered for an IPO but did not close in 2005.

• AtriCure (West Chester, Ohio), $45.6 million (gross).

• Cryocor (San Diego), $35.5 million (net).

• Cynosure (Westford, Massachusetts), $64.2 million (net).

• Depomed (Menlo Park, California), $22.7 million (net).

• Dexcom (San Diego), $52.5 million (net).

• Electro-Optical (Irvington, New York), $16.5 million (net).

• Emageon (Birmingham, Alabama), $57.5 million (net).

• ev3 (Plymouth, Minnesota), $155.5 million (net).

• Genomic Health (Redwood City, California), $53.6 million (net).

• Micrus (Sunnyvale, California), $35.8 million (net).

• NxStage (Lawrence, Massachusetts), $56.7 million (net).

• Shamir Optical (a kibbutz in Upper Galilee, Israel), $56 million (gross).

• TopSpin (Tel Aviv, Israel), $8 million.