Monday, April 8, 2019

Guardion Health Sciences Raises $5.0M In Small IPO

San Diego-based Guardion Health Sciencs, which is developing "condition-specific medical foods and testing technologies" for the ocular health market, has raised $5.0M in a small IPO. The company priced its IPO on Friday, selling 1,250,000 shares of its common stock at a price of $4.00 per share. The company has now started trading on the Nasdaq Capital Market as GHSI. The IPO was managed by WallachBeth Capital and WestPark Capital. The company says it is developing "condition-specific medical foods supported by evidence-based protocols", initially aimed at macular protective pigment, a risk factor for age-related macular degeneration.