The Medical Device Business Journal — Medical Device News & Articles | MassDevice
A warning letter from the FDA to St. Jude Medical (NYSE:STJ) sent the St. Paul, Minn.-based medical device company’s stock on a seesaw ride yesterday and today.
STJ shares closed up 1.5% yesterday at $38.85 each after St. Jude revealed the warning letter, but closed down 1.2% today at $38.39 apiece.
Netherlands-based device maker EndoStim B.V. won European regulatory approval for its LES Stimulation system, an implantable muscle stimulation device for patients with severe gastro-esophageal reflux disease.
The LES system won CE Mark approval for based on clinical results form a 12-month clinical trial during which 100% of the patients were able to stop their daily drug regimen for managing their disease, according to a press release.
