by Shiri Habib-Valdhorn
Sources inform ”Globes” that CheckCap Ltd., which is developing a sonar-based pill imaging device for early colon cancer detection, is considering an IPO on the Tel Aviv Stock Exchange (TASE). Another company, Given Imaging Ltd., developer of the PillCam endoscopic camera, is one of Israel’s most successful biomedical companies. CheckCap wants to raise tens of millions of shekels at a company value of $100 million. The company does not rule out other ways of raising capital, including an IPO in the US, or a financing round from private investors and equity funds. The company has already met with Israeli and foreign underwriters. http://www.globes.co.il/serveen/globes/docview.asp?did=1000586222&fid=1725