A Pill Which Takes Snapshots Of Your Insides Just Sold For $860 Million
Dec 12, 2013 19:59
Designed by Israel-based Given Imaging, the PillCam is a pill that comes equipped with a teeny tiny camera inside. Once ingested, the pill takes images of the small intestine, esophagus and colon and then wirelessly transmits the images for a physician to examine.
According to a joint announcement, the tech was recently purchased by Dublin-based Covidien for $30 per share, which totals to approximately $860 million! The deal will give health-care products company Covidien additional reach into the gastrointestinal market, which the Irish healthcare company says is a multibillion dollar industry.
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