Eden Prairie-Based Medical Device Company Gets $65 Million to Test Diabetes Treatment

In Blog, Business on January 10, 2018 by Community Expert Team
Eden Prairie-Based Medical Device Company Gets $65 Million to Test Diabetes Treatment

An Eden Prairie-based medical device company, and a diabetes treatment it’s testing, has received $65 million from one of the world’s largest venture capital firms.

According the the Star Tribune, Eden Prairie-based Metavention, a medical device company that’s designing a machine to treat type 2 diabetes by burning away nerves thought to drive glucose dysfunction, has received a $65 million investment from New Enterprise Associates, a California-based venture capital firm.

In conjunction, Metavention also announced that it has hired med-tech startup executive Todd Berg to become its chief executive, the report said.

Read more here.

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This local update courtesy of your Eden Prairie Community Expert.

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