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Crystal Amber

GI Dynamics announces $10m in financing

August 23, 2019 By Sean Whooley

GI Dynamics (ASX:GID) announced yesterday that it agreed to terms of a financing of up to approximately $10 million with Crystal Amber (GBX:CRS) to continue developing its EndoBarrier device. EndoBarrier is a plastic sleeve designed treat Type 2 diabetes and obesity by preventing the absorption of nutrients from food as it exits the stomach and […]

Filed Under: Diabetes, Funding Roundup, Weight loss Tagged With: Crystal Amber, GI Dynamics

GI Dynamics eyes CE Mark in 2020, reaps $2m in warrants exercise

May 4, 2019 By Brad Perriello

GI Dynamics (ASX:GID) said it launched a pivotal trial of its EndoBarrier plastic gut sleeve, aiming to win back CE Mark approval next year, and raised the second tranche of a $10 million financing plan. The Boston-based company won approval for the trial in February to observe the EndoBarrier sleeve designed to prevent the absorption of […]

Filed Under: Clinical Trials, Diabetes, Regulatory/Compliance, Weight loss Tagged With: Crystal Amber, GI Dynamics

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