University of Oxford and OSI are set to exit the medical diagnostics software provider in a flotation with a $75m placeholder target.
Perspectum, a UK-based diagnostics technology developer spun out of University of Oxford, filed on Friday to raise up to $75m in an initial public offering on the Nasdaq Global Select Market.
Founded in 2012, Perspectum has built a medical imaging software tool designed to help healthcare providers diagnose metabolic disorders and cancers.
The company intends to use the IPO proceeds and $23.3m of cash on hand to develop new products focused on diabetes and kidney disease while…
