Weight loss: GI Dynamics raises $52M, announces share purchase plan

July 3, 2013 by Brad Perriello

GI Dynamics says it's set to raise about $52 million from a private placement and is looking to drum up another $2.3 million from existing shareholders to back a U.S. trial of its EndoBarrier weight loss device.

GI Dynamics raises $52M, announces share purchase plan

GI Dynamics (ASX:GID) said it's raised roughly $52.2 million (A$57.5 million) in a private placement and is offering another $2.3 million (A$2.5 million) in a stock purchase plan for existing shareholders.

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