FDA OKs Given's colon camera pill

The FDA has approved Given Imaging's (GIVN) PillCam Colon camera-in-a-pill, which can be used for detecting colon polyps in patients after an incomplete optical colonoscopy.

A colon polyp is a growth on the surface of the colon.

In the U.S., 750,000 patients a year experience an incomplete colonoscopy, and the total global market for Given's device is 3M procedures a year.

Given is in the process of being acquired by Covidien (COV) for $860M.

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