ArthroCare Files Registration Statement for Public Offering of 1 Million Shares of Common Stock.SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 16, 1999-- ArthroCare Corp. (Nasdaq:ARTC ARTC Arthrocare Corp (stock symbol) ARTC Australian Rail Track Corporation ARTC Air Route Traffic Control ARTC Association de la Recherche Theatrale au Canada ARTC Andean Root and Tuber Crops ) today announced the company has filed a registration statement with the Securities and Exchange Commission relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a proposed public offering of 1 million shares of common stock. All the shares will be offered by ArthroCare Corp. The company has granted the underwriters an option to purchase an additional 150,000 shares solely to cover overallotments, if any. The offering will be managed by BancBoston Robertson Stephens Inc. and Bear, Stearns & Co. Inc. ArthroCare intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of this offering for commercializations and further development of the company's patented Coblation(TM) technology, including it's spinal surgery products, and for corporate and other general purposes. ArthroCare is a medical device company that develops, manufactures and markets products based on its patented Coblation technology. ArthroCare's products allow surgeons to operate with increased precision and accuracy, limiting damage to surrounding tissue thereby reducing pain and speeding recovery for the patient. The company's products operate at lower temperatures than traditional electrosurgical or laser surgery tools and enable surgeons to ablate ab·late v. To remove or destroy the function of. ablate to remove, especially by cutting. ablate verb To remove; excise or shrink soft tissue and to simultaneously seal bleeding vessels. Ablation ablation /ab·la·tion/ (-shun) 1. separation or detachment; extirpation; eradication. 2. removal or destruction, especially by cutting. ab·la·tion n. is the disintegration or removal of tissue. ArthroCare's soft-tissue surgery systems consist of a controller unit and an assortment of disposable devices that are specialized for specific types of surgery. The company believes its Coblation technology can replace the multiple surgical tools traditionally used in soft-tissue surgery procedures with one multi-purpose surgical system. Coblation technology is applicable across many soft-tissue surgical markets. ArthoCare's systems are used to perform many types of arthroscopic surgery Arthroscopic Surgery Definition Arthroscopic surgery is a procedure to visualize, diagnose, and treat joint problems. The name is derived from the Greek words arthron, which means joint, and skopein, which means to look at. . The company's strategy includes applying its patented Coblation technology to a broad range of other soft-tissue surgical markets, including cosmetic surgery cosmetic surgery, plastic surgery for cosmetic purposes, such as the improvement of the appearance of the face by removing wrinkles or reshaping the nose. , ear, nose and throat surgery, spinal surgery and various cardiology applications. ArthoCare's web site can be found at www.arthrocare.com. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the preliminary propectus relating to the offering, when available, may be obtained from BancBoston Robertson Stephens Inc., 555 California Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Califrnia, 94104, 415/781-9700 or Bear, Stearns & Co. Inc., 245 Park Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, 10167, 516/254-7140. |
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