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Enteromedics Files Registration
Statement
for Proposed Initial Public Offering
ST. PAUL, MN– MAY
25, 2007
EnteroMedics Inc. today announced it has filed a registration
statement with the U.S. Securities and Exchange Commission
relating to the proposed initial public offering of its common
stock. All shares of the common stock to be sold in this offering
will be offered by EnteroMedics.
J.P. Morgan Securities Inc. and Morgan
Stanley & Co. Incorporated
are acting as joint book-running managers of this offering,
with Cowen and Company, LLC and Leerink Swann & Co., Inc.
acting as co-managers for the offering. The offering will be
made only by means of a prospectus. When available, a copy
of the preliminary prospectus related to the offering may be
obtained from: J.P. Morgan Securities Inc.'s prospectus department
at 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 or
by phone at (718) 242-8002, or Morgan Stanley & Co. Incorporated's
prospectus department at 180 Varick, New York, NY 10014, by
telephone at (866) 718-1649 or by emailing prospectus@morganstanley.com.
A registration statement relating to these securities has
been filed with the Securities and Exchange Commission, but
has not yet become effective. These securities may not be sold,
nor may offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would
be unlawful prior to their registration or qualification under
the securities laws of any such state or jurisdiction.
About EnteroMedics Inc.
EnteroMedics is a
development stage medical device company focused on the design
and development of devices that use neuroblocking technology
to treat obesity and other gastrointestinal disorders. EnteroMedics’ proprietary
neuroblocking technology, VBLOC therapy, is designed to intermittently
block the vagus nerve using high-frequency, low-energy, electrical
impulses. EnteroMedics recently received a conditional investigational
device exemption, or IDE, for its U.S. pivotal trial of its
initial product for the treatment of obesity, the Maestro
System.
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