The lawsuit, filed three years ago, revolves around how shareholders were affected by Medtronic’s $50 billion purchase of Covidien in 2014.
The sleep apnea device maker was the only private company from the state to rank within the top 100 on the Inc. 5000 list for 2017.
The local startup, which won the 2013 Minnesota Cup, makes a minimally invasive device used to treat children with serious ear infections and other conditions.
Sales were down 66 percent and the medical device maker’s net loss grew by 37 percent during the April to June period.
Grant will enable new research network aimed at boosting ag sustainability.
It is developing implantable system to detect, treat epileptic seizures.
The medical device maker dodged going red, unlike last quarter or the same period last year, as its PrimeSight system continued to drive revenue growth.
The venture capital firm has funded a number of successful, Minnesota-based startups such as BiteSquad, Gravie and the 2016 MN Cup winner Stemonix.
The private company is expected to bring in $800,000 in additional revenue, Cogentix said, and more than $2 million in incremental revenue next year.