New Spinoff of Wayne’s Intact Vascular Seeking $15 Million
A new medical device spinoff is quietly raising $15.2 million in equity.
The action in Wayne has led to a spinoff of Intact Vascular called Vesper Medical, and it’s accumulated $9 million so far, according to a Philadelphia Business Journal report by John George.
Both companies share CEO Bruce Shook, but he is tight-lipped about what’s in store for Vesper Medical.
“We are not going public about what we are doing at this time,” Shook said.
Meanwhile, Intact is developing the Tack Endovascular System implant for blood vessel repairs.
Read most of what was gleaned from the Securities and Exchange Commission about Vesper Medical in the Philadelphia Business Journal here, and check out previous VISTA Today coverage of Intact Vascular here.
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