Plymouth-based Kips Bay Medical Inc. raised $16.5 million in its initial public offering on Feb. 18, according to an
Associated Press report in Bloomberg.That
amount is lower than the $21.2 million originally expected--and far
lower than expectations of $57.5 million announced in April 2010,
writes Dan Haugen in a Feb. 4 MedCity News article.The company's product, eSVS Mesh, is used to reinforce leg veins during coronary artery bypass surgery.