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Alphabet’s Verily Unit Getting a Stake in Dexcom

Alphabet’s Verily Unit Getting a Stake in Dexcom

Alphabet’s (GOOGL) little-known Verily subsidiary has revised its agreement with DexCom (DXCM) to allow it to become a shareholder of the CGM (continuous glucose monitoring) system maker. DexCom makes CGM systems for diabetes management. The revised agreement is set to have Verily owning a $525 million equity stake in DexCom.