Santa Clara-based Cardiva Medical plans $75M IPO

Cardiva Medical Inc., which makes catheter-based vascular closure devices that are minimally invasive, filed plans on Monday to raise $75 million in an IPO. The Santa Clara-based company was founded in 2002 and sells two devices — one launched in 2014 and another last year. They are designed around a catheter-based delivery system it says is easy to use and reduces complications. Through Sept. 30 of last year, Cardiva said it sold over 470,000 of the older device and 120,000 of the new one. The…