The medtech industry continues to plug along as major news comes in about vaccines, the incoming presidential administration and more. This week’s top stories include the latest on COVID-19, Joe Biden and some additional FDA clearances, plus a major royalties spat. Want to hear more about the week’s top medtech news on MassDevice? Tom Salemi will […]
Medtronic
DHS warns on Medtronic MyCareLink smart monitor cybersecurity vulnerabilities
The U.S. Dept. of Homeland Security warned on cyber vulnerabilities with the MyCareLink made by Medtronic (NYSE:MDT). Medtronic’s MyCareLink (MCL) Smart Model 25000 patient reader is potentially vulnerable to improper authentication, heap-based buffer overflow and the time-of-check/time-of-use race condition, according to a notice from DHS. Successful exploitation of the vulnerabilities could result in an attacker being […]
Medtronic joins racial equity group
Medtronic (NYSE:MDT) announced today that the company joined OneTen in an effort to promote diversity and inclusion. CEO Geoff Martha joins CEOs from different companies, states and industries with OneTen as they seek to close the “opportunity gap” preventing millions of Black Americans from access to economic opportunities, gainful employment, education and training, according to a […]
How did medtech companies score on environmental stewardship list?
Medical Design & Outsourcing recently rated the world’s largest medical device companies — the Big 100 — for their sales numbers and R&D spend. Now we can share how some of them scored on an environmental nonprofit’s annual list of companies ranked for their actions on climate change. Not-for-profit organization CDP (Stockholm, Sweden) runs a global disclosure system for […]
Medtronic launches pediatric blood-filtering device in U.S.
Medtronic (NYSE:MDT) announced today that it launched its Carpediem cardio-renal pediatric dialysis emergency machine in the U.S. Fridley, Minn.-based Medtronic’s Carpediem machine received FDA de novo clearance in May for providing continuous dialysis in critically ill young children. The first-of-its-kind machine is indicated for use in acute kidney injury or fluid-overloaded patients requiring hemodialyiss or hemofiltration […]
Court confirms $112M Medtronic loss in royalties spat
An appeals court in Indiana on Friday upheld a $112 million jury award in favor of a local spine surgeon turned medical device inventor in his seven-year royalties dispute with Medtronic (NYSE:MDT). A three-judge panel on Friday let stand a $112,452,269 verdict in favor of Dr. Rick Sasso, who sued Medtronic in 2013, alleging that the […]
MedTech 100: New heights reached once again
Nearly a month after reaching a new high mark, the medtech industry once again shot up to reach another peak in its mid-pandemic rebound. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 100.75 (Dec. 4), marking a 2.6% uptick from the 98.23 points registered […]
Medtronic CEO Martha says pandemic emphasized need for reorg
The pandemic has shone a bright light on inefficiencies across medtech, including at its biggest company. In an exclusive interview on the DeviceTalks Weekly Podcast, Medtronic (NYSE:MDT) CEO Geoff Martha said the executive team began telling investors at the JP Morgan Healthcare conference in January that a reorganization would be coming. Martha was scheduled to […]
5 medtech companies win coveted Tekne awards
Five medtech companies recently won some of the top technology awards in the state of Minnesota, known as one of three major medical device hubs in the U.S. The companies competed for the Minnesota Technology Association annual Tekne Awards, which included categories ranging from artificial intelligence and machine learning to “technology for good.” Get the full story on […]
CMS finalizes coverage updates that increase access to VADs
The Centers for Medicare & Medicaid Services (CMS) finalized policies that increase access to artificial hearts and ventricular assist devices (VADs). In August, CMS proposed the coverage policy updates meant to increase access to VADs and artificial hearts, which represented potentially good news for major VAD makers Abbott (NYSE:ABT) and Medtronic (NYSE:MDT) and for people with heart failure who […]
The top 5 MassDevice stories of the week — December 2, 2020
Medtech continues to show strength amid the COVID-19 pandemic and resulting recession, with a medical imaging company’s plans to go public catching the attention of MassDevice readers over the past week. Want to hear more about the week’s top medtech news on MassDevice? Executive editor Chris Newmarker and Tom Salemi will discuss the week’s “Newmarker’s Newsmakers” […]