GI Dynamics breaks codes

Profit taking in GI Dynamics may ease following good news on reimbursements from Germany and Switzerland.

Shareholders in GI Dynamics (GID) will be hoping that the issuance of reimbursement codes in two countries for its device will stem the recent bout of profit taking.

Management said this morning that Germany and Switzerland has assigned the preliminary codes, which is an important first step to reimbursing the cost of having GI Dynamics’ intestinal liner to help patients with type 2 diabetes.

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