EnteroMedics plans to price public offering of shares with warrants

Proceeds fund work on Maestro RC System; Craig-Hallum is bookrunner

By Devika Patel

Knoxville, Tenn., Sept. 22 - EnteroMedics Inc. said it will price a public stock sale with warrants.

Craig-Hallum Capital Group LLC will be the bookrunner.

Proceeds will be used to work toward regulatory approval of the Maestro RC System in the United States, for international commercialization efforts, for clinical and product development activities and for other working capital and general corporate purposes.

St. Paul, Minn.-based EnteroMedics develops implantable systems for the treatment of obesity and other gastrointestinal disorders.

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