Venus Concept ( (VERO) ) has provided an update.
On February 21, 2025, Venus Concept Inc. received a seventh delayed drawdown of $2,300,000 under its Loan and Security Agreement with Madryn Health Partners, with $2,000,000 funded immediately and the remainder to be funded later. The funds are intended for general working capital purposes. Additionally, Hemanth Varghese, the company’s President and COO, announced his resignation effective March 28, 2025, citing personal reasons unrelated to company disagreements.
More about Venus Concept
Venus Concept Inc. operates in the medical technology industry, providing minimally invasive aesthetic solutions. The company focuses on developing and commercializing innovative technologies for the global aesthetic market.
YTD Price Performance: -22.34%
Average Trading Volume: 204,527
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.22M
For detailed information about VERO stock, go to TipRanks’ Stock Analysis page.