“s” : “hnsn,srcl”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”
On Monday November 7, 2011, 1:42 pm EST
NEW YORK (AP) — Hansen Medical Inc. said Monday it agreed to sell $ 10 million in stock to Oracle Partners LP and Jack W. Schuler.
The Mountain View, Calif., company makes products that use robotics to manipulate and control catheters. It said the transaction was priced at $ 2.09 per share, matching the closing price of Hansen shares on Friday. The sale is expected to close Wednesday.
Oracle is the largest owner of Hansen shares. It currently owns about 3.4 million shares, or a 1.1 percent stake in the company. Schuler is a director and former chairman of medical waste management company Stericycle Inc., and he is co-founder and a partner in private investment firm Crabtree Partners.
After the market closed on Wednesday, Hansen announced that it expects approval for two of its products, the Magellan Robotic System and NorthStar Robotic Catheter, to be delayed. It had hoped the Food and Drug Administration would clear the products before the end of this year, but it now thinks the devices could be approved in the second quarter of 2012. Hansen said the FDA will need more time to review additional information about the products.
The company had cash and short-term investments of $ 26 million at Sept. 30.
Shares of Hansen lost a combined 33.4 percent Thursday and Friday. The stock recovered 21 cents, or 10 percent, to $ 2.30 in afternoon trading Monday.
Follow Yahoo! Finance on ; become a fan on Facebook.
Yahoo! Finance: Waste Management Industry News
From our Blog
- Why You Need a Dumpster September 21, 2016
- Neighborhood Togetherness Matters & Clean Up Does, Too September 19, 2016
- What Waste Should You Recycle And Throw In The Trash? August 3, 2016
- Dumpster Rentals for Business Owners August 1, 2016
- Picking a Dumpster for Your Next Roofing Project July 19, 2016
- Consequences of Illegal Dumping and Littering July 13, 2016
- How To Dispose Of Debris? June 14, 2016
- When Is A Good Time To Clean Out Your Waste? June 13, 2016
- How to Dispose of Construction Waste May 2, 2016
- Why You Should Share Rental Dumpsters With Your Neighbors April 29, 2016
2011 2012 Announces best Call Clean Company Conference Connections Covanta diving dumpster dumpsters Energy Ewaste Garb garbage Harbors Holding Identity Inc. Industry Landfill Management Plant power Present Progressive Recycling Release Rental Reports Republic Second Services Solutions Stericycle stock Third TRASH TriTech Veolia Waste yard Year
- Dumpster Diving for Gourmet Pig Feed – Novella Carpenter July 10, 2011
- A Shout Out To Eating Garbage: Dumpster Diving on CBC September 17, 2011
- MythBusters – Dumpster Diving Trailer July 16, 2011
- Kris Kemp: Dumpster Diver August 21, 2011
- What should happen after my character gets beat up? June 6, 2011
- Frugal TV – Dumpster Diving for Coupons June 11, 2011
- Dumpster Dive (Director Commentary) September 24, 2011
- Dumpster Divers Spark Palin Probe September 11, 2011
- Can Opener? We don’t need no stinking can opener! June 19, 2011
- Auburn-Placer 1 yard dumpster June 8, 2011