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Discovery

Nonprofit takes risk out of device development for Medtronic

November 15, 2010 By drugdelivery

MedCity News logo

For companies like Medtronic Inc. (NYSE:MDT), developing breakthrough technologies to treat untreatable diseases can be expensive and have little promise of financial returns.

The risk is high enough for — even companies as well-resourced as Fridley, Minn.-based Medtronic — that alternative funding sources are welcomed and highly sought after.

Filed Under: Business/Financial News, Discovery, Drug-Device Combinations, Research & Development

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