Last $0.0026 USD
Change Today -0.001 / -27.78%
Volume 1.5M
BAXSQ On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

baxano surgical inc (BAXSQ) Snapshot

Open
$0.0031
Previous Close
$0.0036
Day High
$0.0031
Day Low
$0.0020
52 Week High
03/6/14 - $1.75
52 Week Low
01/26/15 - $0.0020
Market Cap
129.3K
Average Volume 10 Days
748.9K
EPS TTM
$-0.70
Shares Outstanding
49.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BAXANO SURGICAL INC (BAXSQ)

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baxano surgical inc (BAXSQ) Details

Baxano Surgical, Inc., a medical device company, designs, develops, and markets minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region. It markets the AxiaLIF family of products for single and two level lower lumbar fusion; the VEO lateral access and interbody fusion system; the iO-Flex system, a proprietary set of flexible instruments used by surgeons during spinal decompression procedures; and the iO-Tome instrument, which removes bone, primarily the facet joints. The company also markets other products that complement these primary offerings, including Vectre facet screw system; Bi-Ostetic bone void filler; bowel retractors; discectomy tools; and a disposable bone graft harvesting system that could be used to extract bone graft used for fusion procedures. Baxano Surgical, Inc. sells its products through a direct sales force, independent sales agents, and distributors primarily in the United States, Europe, Asia, and North and South America. The company was formerly known as TranS1, Inc. and changed its name to Baxano Surgical, Inc. in May 2013. Baxano Surgical, Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina. On November 12, 2014, Baxano Surgical, Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

139 Employees
Last Reported Date: 03/11/14
Founded in 2000

baxano surgical inc (BAXSQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $400.0K
Vice President of Regulatory, Quality & Compl...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

baxano surgical inc (BAXSQ) Key Developments

Baxano Surgical, Inc.(NasdaqGM:BAXS) dropped from NASDAQ Composite Index

Baxano Surgical, Inc. will be removed from the NASDAQ Composite Index.

Baxano Surgical, Inc. Announces Termination Of Its Nasdaq Listing

Baxano Surgical, Inc. announced that it is terminating its listing on The Nasdaq Global Market as of the close of business on November 24, 2014. The company has previously received notices from Nasdaq that it has failed to maintain a minimum bid price of $1.00 per share. In light of its current financial condition, the company does not anticipate that it will be able to meet such minimums or continue to meet other Nasdaq listing standards in the future. In addition, the company has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in order to facilitate a going concern sale of the company. Following the termination of its listing on Nasdaq, the company intends to terminate its public reporting obligations under the Exchange Act as soon as possible.

Baxano Surgical, Inc. Announces Management Changes

On November 6, 2014, Russell Hirsch, M.D., Ph.D., resigned as a member of the Board of Directors of Baxano Surgical, Inc. and as a member of the Company's Nominating and Corporate Governance Committee. On November 7, 2014, Timothy Shannon resigned from his positions as Chief Financial Officer, Treasurer and Secretary of the Company. On November 10, 2014, Roderick Young resigned as a member of the Board of Directors of the Company and as a member of the Company's Audit Committee.

 

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