EnteroMedics cuts workforce 18%

EnteroMedics Inc., considered one of the most promising local med-tech start-ups in recent years, said Monday it is laying off about 18 percent of its workforce.

The Roseville-based company, which is developing a pacemaker-like device to treat obesity, said the workforce reduction will help pare expenses and involves only positions that would have been underused in the next year or so. (StarTribune)