Capsule endoscopy company Check-Cap considers $60M IPO

Check-Cap, a colorectal cancer screening capsule endoscopy company, intends to raise $60 million for an initial public offering, according to a Bloomberg Business Week report.

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The company’s colon capsule is not yet for sale. Check-Cap expects to receive regulatory approval in the European Union in 2015 and approval in the United States in 2016.

Israel-based Check-Cap has financial backers including GE Capital and GE Healthcare and Pontifax Venture Capital Fund.

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