Asthmatx, Inc. Withdraws Initial Public Offering in Favor of Strategic Option.MOUNTAIN VIEW, Calif. -- Asthmatx, Inc. today announced it has decided not to proceed with its initial public offering as the Company has decided to pursue an alternative strategic option. No shares of common stock have been sold pursuant to the Registration Statement. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution & Co. and Bear, Stearns & Co. Inc. were slated to serve as joint book-running managers for the offering, with First Albany Capital Inc. and Jefferies & Company, Inc. serving as co-managers. About Asthmatx Inc. Asthmatx Inc. is a medical device company focused on developing and commercializing a novel therapeutic treatment for asthma. Asthmatx has developed the Alair System([R]), which consists of a single-use device and a controller that delivers controlled thermal energy thermal energy Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling to the airways of adult patients to reduce the mass of airway smooth muscle in an investigative outpatient bronchoscopic bron·cho·scope n. A slender tubular instrument with a small light on the end for inspection of the interior of the bronchi. bron procedure known as Bronchial Thermoplasty Bronchial Thermoplasty is a new treatment for asthma discovered by Canadian researchers. The surface area of the smooth muscle in the bronchia is reduced. This prevents asthma attacks. . For further information, contact investor relations Investor relations The process by which the corporation communicates with its investors. at 650-810-1106. |
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