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Article: Device companies wow Wall Street, analyst tells MDMA. (Medical Device Manufacturers Assn.)
- Article from:
- The BBI Newsletter
- Article date:
- June 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON - The public equity market for medical device companies is the strongest it has been in 15 years, according to W. Gregory Shearer, a managing director at Vector Securities International (Deerfield, Illinois). Since January 1995, medical device public offerings have raised more than $2.9 billion - and $1.1 billion of that total was raised during the first five months of 1996. Adding icing to the cake, post-offering stock price performance has been up an average of 42% this year.
Speaking during the annual meeting of the Medical Device Manufacturers Association (MDMA) in May, Shearer said the boom may be due in part to the unprecedented weekly inflows of ...