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tim00mike

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tim00mike

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Saturday, 06/13/2020 8:42:48 AM

Saturday, June 13, 2020 8:42:48 AM

Post# of 3535
FYI - Medtronic announces $337 mln product investment from Blackstone for diabetes research (93.20 +2.30)

Medtronic and Blackstone (BX) announce that Medtronic intends to significantly increase R&D funding in its Diabetes Group through an agreement to receive $337 mln of funding from funds managed by Blackstone Life Sciences including co-investors, aimed at advancing new, innovative products especially designed to reduce the burden of diabetes management.
The announcement was made in conjunction with the start of the virtual 80th Scientific Sessions of the American Diabetes Association (ADA).
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