Cardiac medical device company Kips Bay Medical (NASDAQ:KIPS), based in Minnesota, has promoted chief financial officer Scott Kellen to chief operating officer. Kellen still retains his CFO title and responsibilities. Kellen joined Kips Bay Medical in February 2010, before which he was the CFO at Transoma Medical. “Scott has been an instrumental part of our […]
Kips Bay Medical (NASDAQ:KIPS) FDA struggles trickled into its financials, as the company said a lack of clinical data has cut into sales. That clinical data is what the FDA called for months back when it set the company’s U.S. approval strategy back. Kips says it has gathered more data and is on track to […]
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Kips Bay Medical (NASDAQ:KIPS), which one month ago went public with its recent struggles with the U.S. Food and Drug Administration, has made a deal that secures the company up to $20 million in fresh investment. Under the terms of the agreement, the Illinois-based Aspire Capital Fund will purchase up to $20 million in Kips […]