New York, NY (PressExposure) December 10, 2010 -- From: Jeffrey Sussman, Inc.
Marketing Public Relations
249 East 48 Street
New York, NY 10017
For: Meister Seelig & Fein LLP
Contact: Jeffrey Sussman
212-421-4475
MEISTER SEELIG & FEIN LLP ADVISES INVIVO THERAPEUTICS IN SUCCESSFUL ALTERNATIVE PUBLIC OFFERING
New York, NY --- Meister Seelig & Fein LLP, a New York based law firm, announced today its role as advisor to InVivo Therapeutics Corp. (now a wholly owned subsidiary of InVivo Therapeutics Holdings Corp; OTCBB: NVIV) in the Company's successful completion of an Alternative Public Offering (APO). Meister Seelig Partners Mitchell Lampert and Kenneth Goodwin represented InVivo, a company focused on the development of groundbreaking technologies for the treatment of spinal cord injuries (SCI).
InVivo was introduced to Meister Seelig through a Board Member of the Christopher Reeves Foundation. Working with Spencer Trask Ventures, a financial advisory firm and FINRA Member broker dealer, Meister Seelig completed the APO for InVivo in November 2010, successfully taking the company public through a reverse merger and raising $13 million in a private placement. APO transactions have proven to be an attractive alternative to initial public offerings (IPOs) for companies seeking to access the capital markets, as they provide cost and timing advantages over traditional IPOs. Messrs. Lampert and Goodwin have over 55 years of combined experience handling APO transactions and introducing APO candidate companies to investors.
Mr. Lampert stated: "Both Ken and I are pleased to have advised InVivo in its successful effort to join the public markets and raise capital through an APO. These efforts have provided the Company with the resources necessary to advance their groundbreaking treatments for SCI, bringing them one step closer to helping thousands of individuals living with paralysis."
InVivo, based in Cambridge, Mass., is developing and intends to commercialize a new standard of care for SCI focused on neural protection and plasticity. The technologies, co-invented by Robert S. Langer, ScD, Professor at the Massachusetts Institute of Technology and Joseph P. Vacanti, MD who is affiliated with Massachusetts General Hospital, encompass multiple strategies involving biomaterials, U.S. Food & Drug Administration approved drugs, growth factors, and human neural stem cells. There are currently no successful spinal cord injury treatment options for SCI patients.
About Meister Seelig & Fein
Meister Seelig & Fein LLP is a commercial law firm composed of over fifty (50) attorneys with offices in midtown Manhattan, west Los Angeles, Boston, East Brunswick, New Jersey and affiliate offices in Pennsylvania, Delaware and Australia. The Firm prides itself on its well-established reputation for exceptional client service and high quality legal representation. Founded in 1994, the Firm comprises accomplished, entrepreneurial attorneys many of whom received their training at major national and international law firms. The Firm serves a wide variety of clients, including both public and private companies, high net worth individuals, real estate investors and developers, entertainers, professional athletes, software developers, entrepreneurs and hedge funds by providing a broad array of legal services. The Firm is a member of Consulegis, an international network of medium-sized law firms serving businesses and companies around the world. The firm's website is http://www.meisterseelig.com
-30-