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Device IPOs Looking Bleak, But Some VCs are Cashing Out

 
• By Tom Salemi

Situations look bleak for medical device IPOs interested in going public, but venture investors in companies that went public last year are beginning to sell or divest some of their shares.

The future for staging initial public offerings for medical device companies is looking rather bleak at the moment, but the getting has been good for some venture investors who saw their companies go public last year.

More than half a dozen device companies sit on the tarmac waiting for the economic skies to clear. Only one, monitoring company BioTelemetry Inc., appears ready to try a...

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