Medtronic today reported first-quarter results that beat the Wall Street analyst consensus, with automated insulin pumps, PFA and neuromodulation among the medtech fueling the beat. The world’s largest medical device company also nudged up the lower end of its full-year guidance. Truist analysts described the Q1 beat as modest. MDT shares were up more than […]
Medtronic
Medtronic discloses $3M severance payout for EVP’s layoff
Medtronic‘s layoff of a top executive cost more than $3 million in severance, the company said in a new filing with the U.S. Securities and Exchange Commission. Medtronic eliminated former EVP and Medical Surgical President Bob White’s position this year when it pulled out of the ventilator market. Because it terminated White’s employment without cause, […]
Medtronic, Recor Medical earn CMS NTAP wins for renal denervation tech
Medtronic and Recor Medical earned a reimbursement win for their renal denervation (RDN) platforms with a new Final Rule from CMS. CMS posted its FY25 Inpatient Prospective Payment System (IPPS) Final Rule, which includes the New Technology Add-on Payment (NTAP) program. NTAP supports access for newly approved, innovative technologies where the cost to adopt may […]
Medtronic wins FDA nod for asleep deep brain stimulation surgery
Medtronic announced today that it received FDA approval for asleep deep brain stimulation (DBS) surgery for people with Parkinson’s and essential tremor (ET). The medtech giant says it’s the first and only company to win FDA approval to offer DBS surgery while a patient is asleep (under general anesthesia) or awake. “Asleep DBS offers a […]
Recall of Medtronic nerve monitoring tech is Class I
The FDA identified a recall of Medtronic nerve monitoring systems as Class I, the most serious kind of recall. This recall involves correcting devices, not removing them from the market. The device may cause serious injury or death if people continue using it without correction, the FDA says. Medtronic’s correction involves its NIM vital nerve […]
Medtronic wins FDA nod for next-gen Simplera CGM
Medtronic got another boost for its CGM portfolio, adding to the collaboration with Abbott announced today. Our sibling site, Drug Delivery Business News, reported today that the medtech giant received FDA approval for its Simplera continuous glucose monitor (CGM). Simplera, the company’s first disposable, all-in-one CGM, comes in at half the size of previous Medtronic CGMs. Its […]
Abbott, Medtronic partner to connect CGM, insulin delivery systems
Abbott and Medtronic today announced a major partnership in the diabetes technology space. Our sibling site, Drug Delivery Business News, reported today that the companies agreed to a global partnership pairing Abbott CGMs with Medtronic insulin delivery systems. Abbott and Medtronic want to collaborate on a system based on Abbott’s FreeStyle Libre continuous glucose monitors (CGMs) with […]
Medtronic GI Genius rolls out with next-gen hardware
Cosmo Intelligent Medical Devices announced that it received FDA clearance for the next-generation GI Genius hardware distributed by Medtronic . The latest milestone marks the sixth generation of the GI Genius hardware, which Medtronic exclusively distributes globally. The medtech giant unveiled next-generation ColonPRO software for the platform earlier this year. Related: How Cosmo cranked up […]
Medtronic launches AI platform for robotic surgery
Medtronic announced that it launched its new Live Stream function for the Touch Surgery ecosystem of digital technologies. In April, the company unveiled its Live Stream technology, which features AI capabilities to accompany the Touch Surgery digital offering. Attendees at our DeviceTalks Boston show in May saw DeviceTalks Editorial Director Tom Salemi use Live Stream […]
Medtronic expands India campus with new $60M IT center, plans to add 300 jobs
Medtronic announced that it opened a new global IT center at its facility in Hyderabad, India. The company said in a LinkedIn post that it invested $60 million in the new IT center, which is located at the Medtronic Engineering and Innovation Center in Hyderabad. Medtronic expects to hire around 300 new employees over the […]
Medtronic endotracheal tubes recall sparks an FDA warning
The FDA issued a notice instructing healthcare providers to stop using certain reinforced endotracheal tubes made by Medtronic (NYSE:MDT). This warning extends to NIM Contact EMG reinforced endotracheal tubes and NIM (Standard) EMG reinforced endotracheal tubes. Medtronic offers the neural integrity monitor (NIM) electromyogram (EMG) tubes for surgical procedures. They provide an airway for patient […]
