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MTI consolidation

This article was originally published in The Gray Sheet

Executive Summary

Micro Therapeutics shutters operations in Bochum, Germany Dec. 30 to bring manufacturing and R&D functions to its headquarters in Irvine, Calif. MTI gained the Bochum facility in a $40 mil. purchase of Dendron (1"The Gray Sheet" Sept. 9, 2002, p. 13). MTI will terminate 60 employees, although key R&D personnel likely will move to Irvine...

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