Medtronic (NYSE:MDT) posted fiscal first-quarter results today that beat the consensus forecast on Wall Street for both sales and earnings. The Fridley, Minn.-based medical device titan reported profits of $864.0 million, or 64¢ per share, on sales of $7.49 billion for the three months ended July 26, amounting to a bottom-line slide of -19.6% on […]
Medtronic
BREAKING: FDA approves TAVR valves for low-risk patients
The FDA today expanded the approval for replacement heart valves made by Medtronic (NYSE:MDT) and Edwards Lifesciences (NYSE:EW) to include patients at low risk from open heart surgery. The expanded transcatheter aortic valve replacement approvals, for Medtronic’s CoreValve Evolut R and CoreValve Evolut Pro and Edwards’s Sapien 3 and Sapien 3 Ultra devices, widens the potential […]
Medtronic wins FDA approval for new extended-wear infusion set
Medtronic (NYSE:MDT) said it earned investigational approval from the FDA to proceed with a trial for a new extended-wear infusion set. The goal of the study is to collect clinical data that supports the use of the device for up to seven days, more than twice the amount of time any infusion set can currently be […]
Medtronic readies device to rival Intuitive Surgical’s da Vinci SP
Medtronic (NYSE:MDT) is reportedly developing a soft tissue surgical device to rival the da Vinci SP robot-assisted surgery platform made by Intuitive Surgical (NSDQ:ISRG). Bernstein analyst Lee Hambright, writing today in a note to investors, said Fridley, Minn.-based Medtronic is slated to reveal the device during its Sept. 24 analyst day, according to Seeking Alpha. The […]
These 7 trends matter the most for medtech in 2019
The medical device industry is experiencing another eventful year in 2019. Medtech companies face many headwinds, from the U.S.-China trade war to an FDA under fire. But the industry is also seeing the rise of new technologies — especially robot-assisted surgery. In fact, so many major companies are getting involved in robot-assisted surgery that some […]
Feds sue Medtronic for disability discrimination
The U.S. Equal Employment Opportunity Commission yesterday sued Medtronic (NYSE:MDT) for disability discrimination, alleging that the company illegally fired a South Carolina employee because of a disability. April Jackson worked as a temporary forklift driver at a Medtronic facility in Greenwood, S.C., from Oct. 3, 2016, until she was fired Feb. 10, 2017, according to […]
Medtronic’s VenaSeal now available in India
Medtronic (NYSE:MDT) said today that it has launched the VenaSeal closure system in India for patients with chronic venous disease. VenaSeal is used in a minimally invasive procedure that uses a proprietary medical adhesive to close the diseased veins. Using ultrasound, the physician guides a catheter through a small access site in the leg and […]
Medtronic bids for expanded FDA indication for Guardian Sensor 3
Medtronic (NYSE:MDT) said it asked the FDA for an expanded indication for its Guardian Sensor 3 device that would open the glucose sensor up for Medicare reimbursement. The Fridley, Minn.-based medtech titan said it filed for pre-market approval of non-adjunctive labeling for Guardian Sensor 3 for use with its MiniMed 670G insulin management system. If […]
Medtronic inks deal for Viz.ai’s stroke tech
Medtronic (NYSE:MDT) said today that it inked a deal to distribute the stroke-detection software developed by Viz.ai. San Francisco-based Viz.ai’s LVO Stroke platform is designed to analyze computed tomography results and notify providers of potential strokes. The technology won 510(k) clearance from the FDA in February 2018. The deal with Fridley, Minn.-based Medtronic calls for […]
The 17 most innovative medical devices of 2019
The Galien Foundation recently announced nominees for most innovative medical devices for its 13th Annual Prix Galien USA Awards. The foundation awards the Prix Galien Award annually to examples of outstanding biomedical and technology product achievements that are designed to improve human condition. Nominees need to be FDA approved for market within the last five […]
Report: Literal killer app prompted Medtronic MiniMed recall
Two years ago, researchers discovered vulnerabilities in Medtronic’s MiniMed and MiniMed Paradigm insulin pump lines that could allow hackers to remotely withhold insulin or trigger a potentially lethal overdose. But after months of negotiations with Medtronic and regulators with no fix forthcoming, the researchers decided to build a smartphone app that could show how the […]