Financial

Ellipse Technologies files for $75M IPO for its magnetically adjustable orthopedic implants

By Nicole Oran

Aliso Viejo, Calif.-based Ellipse Technologies has filed for an IPO that could bring in as much as $75 million for its orthopedic surgery devices. Both of which are already on the market, Magec-Eos is designed for spinal bracing to curb scoliosis and the Precice limb-lengthening system for treating limb length discrepancies.

With these systems, physicians could ultimately magnetically control, move and adjust devices once they are implanted.

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