Blackstone Invests $337M In Medtronic’s Diabetes R&D

Medtronic plans to rapidly expand its diabetes technology research and development with $337m in new funding from global investment firm Blackstone Life Sciences.

New York, June 27, 2016: Manhattan office location of Blackstone hedge fund.
The Blackstone Group's Manhattan Office

Blackstone Life Sciences will invest $337m over the next several years in Medtronic PLC's diabetes technology research and development efforts, the companies announced on 12 June.

“This investment is important for people living with diabetes, as we expect it will expand our offering of future insulin...

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