Medtronic Invests in GI Dynamics
Summary
Medtronic Invests in GI Dynamics Xconomy Boston — GI Dynamics, the Lexington, MA-based maker of a device for treating obesity and diabetes, said today that the device giant Medtronic (NYSE: MDT) has made a strategic investment in the company.The amount wasn’t disclosed in a statement, although GI Dynamics submitted a regulatory filing that says it just raised $15 million from a single investor.The GI Dynamics technology, called EndoBarrier, is like a sleeve that lines the gut and creates a barrier that controls how food is absorbed into the small intestine.Last month, the company received clearance to market the product in Europe.
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Web and Content Management
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Content Marketing Software
SaaS
Web Analytics
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Shareaholic
$1M to $5M