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Israeli, U.S. Medical Firms Merge
(Atlanta Journal-Constitution) Greg Bluestein - EndoChoice, a Georgia-based company that sells endoscopy devices, said Friday it plans to merge with an Israeli-based medical firm in a deal that would create 200 new jobs, mostly in metro Atlanta. Israel's Peer Medical Ltd. has developed a video system and endoscopy device that helps doctors greatly expand their vision during scopes to detect more cancerous polyps and other risks. Peer Medical's chief executive, Avi Levy, said he hopes the merger helps "commercialize this breakthrough technology." A research and design center will be housed in Caesarea, Israel, and a manufacturing plant is to be established in Germany.