Prolonging the pain

Senseonics may have been the first causality of the coronavirus crisis but it certainly won’t be the last. The fact is several smaller less well capitalized companies are on the verge of collapse and with venture money drying up it’s only a matter of time before more of these companies join Senseonics. The one saving grace for these companies is the $2 Trillion stimulus package passed by Congress. In the near term these smaller companies will be able to take advantage of the Paycheck Protection Program, the $360 Billion set aside for small businesses.

While this funding will . . .

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