The Fosun Pharma-backed medical imaging company intends to raise the cash through an initial public offering and concurrent private placement.
Israel-based medical diagnostics company Check-Cap has filed for an initial public offering in the US that could raise up to $15m, and is also seeking $12m from a private placement.
Check-Cap is working on an ingestible imaging capsule that uses low-dose X-rays to screen for colorectal cancer. It raised $12m in debt from a private placement in October this year, after securing $9.3m in equity funding in 2011.
The company plans to invest the proceeds from the IPO and…
