Irish pharmaceutical and medical device company Covidien has bought Given Imaging, an Israeli firm that specialises in advanced technological diagnostics.
Covidien expects the Israeli company's innovative products, including its flagship PillCam device - a digestible colon diagnosis pill camera - will boost the Irish company's presence in the Euro 2 billion gastrointestinal market.
The transaction, reported to have cost Covidien $860 million (about €629 million), is expected to be completed by March next year, subject to...
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