GI Dynamics (ASX:GID) said today it inked a contract manufacturing partnership deal with Proven Process Medical Devices.
Through the deal, Proven Process will manufacture Boston-based GI Dynamic’s EndoBarrier device at its Mansfield, Mass.-based facilities.
The EndoBarrier is a plastic gut sleeve designed to prevent the absorption of nutrients from food as it exits the stomach and enters the intestinal tract.
“We are pleased to be selected by GI Dynamics for the manufacture of EndoBarrier. We look forward to continuing our relationship with GI Dynamics to provide this important product for the treatment of type 2 diabetes and obesity,” PPMD prez & co-founder Ken Fine said in a prepared statement.
“We look forward to working with PPMD as our manufacturing partner. We have been working towards the transfer of our manufacturing to PPMD for the past 18 months, and expect that PPMD will manufacture EndoBarrier to the highest quality and in a tightly cost-contained manner. The implementation of our contract manufacturing partnership is another critical action as we move to make EndoBarrier available around the world for patients suffering from type 2 diabetes and obesity,” GI Dynamics prez & CEO said in a press release.
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