New Partners For Cardio DynamicsBy
For a tiny medical-device maker with a market cap of $211 million, CardioDynamics International (CDIC) has attracted a behemoth, General Electric, which last summer acquired warrants allowing it to buy as much as 5% of the company through its GE Marquette Medical Systems unit. Now the word is that another major company, Agilent Technologies, is poised to team up with CardioDynamics. A source close to the company says Agilent may also buy a stake in CardioDynamics, which makes a noninvasive patented device called BioZ Systems for monitoring and measuring cardiac functions in hospitals or outpatient settings. CardioDynamics technology is an alternative to the more expensive technique of surgical catheterization of the heart.
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