300471 external_news 1401697232 1475893628 <![CDATA[St. Jude Medical to acquire CardioMEMS; FDA approves device]]> St. Jude Medical Inc., a medical device company, said it plans to exercise an option to acquire all of Atlanta-based CardioMEMS now that CardioMEMS’ heart failure monitoring device has received U.S. Food and Drug Administration approval.

CardioMEMS was founded in 2001 by cardiologist Jay Yadav and Mark Allen, a Georgia Tech nanotechnology professor. It has grown from a small office near Georgia Tech to a large laboratory near Coca-Cola’s headquarters on North Avenue. in northwest Atlanta

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