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Seattle medical-device company, Northstar Neuroscience seeks IPO to raise up to $85 million

March 2, 2006 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

A Seattle medical-device company focused on rehabilitating stroke victims plans to end the drought of initial public stock offerings from Washington’s life-sciences sector.

Northstar Neuroscience http://www.northstarneuro.com/ is seeking up to $85 million in an IPO to fund an advanced clinical trial and develop its technology for other applications, the company said Wednesday in a Securities and Exchange Commission filing.

By Benjamin J. Romano

Seattle Times business reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002838127_northstar02.html

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