Financial
Ellipse Technologies files for $75M IPO for its magnetically adjustable orthopedic implants
By Nicole Oran
Aliso Viejo, Calif.-based Ellipse Technologies has filed for an IPO that could bring in as much as $75 million for its orthopedic surgery devices. Both of which are already on the market, Magec-Eos is designed for spinal bracing to curb scoliosis and the Precice limb-lengthening system for treating limb length discrepancies.
With these systems, physicians could ultimately magnetically control, move and adjust devices once they are implanted.
