Tactile Systems Technology, Inc. (Nasdaq: TCMD), a medical technology company focused on developing medical devices for the treatment of patients with underserved chronic diseases at home, completed a $37.4 million public offering of common stock. William Blair & Company served as the sole underwriter.
Faegre Drinker provided counsel to Tactile Systems throughout the matter, with net proceeds from the offering expected to provide Tactile Systems a number of opportunities, including the ability to expand commercial activities and increase support for product development.
Read the full press release for more information.
