The U.S. Justice Dept. (DOJ) announced that Medtronic (NYSE:MDT) will pay a total of about $9.2 million to settle improper payment allegations. Fridley, Minn.-based Medtronic agreed to pay $8.1 million to resolve allegations of False Claims Act violations regarding kickbacks for a South Dakota neurosurgeon, along with an additional $1.11 million related to allegations of Open […]
Medtronic
Medtronic wins FDA clearance for nerve monitoring system, acquires Ai Biomed
Medtronic (NYSE:MDT) announced today that it received FDA 510(k) clearance for its NIM Vital, and it’s acquired Ai Biomed. NIM Vital is an intraoperative nerve monitoring system designed to allow physicians to identify, confirm and monitor nerve function in an effort to reduce the risk of nerve damage during head and neck surgery, according to a […]
Medtronic updates instructions for potential risks with CoreValve R, CoreValve Pro TAVR devices
Medtronic (NYSE:MDT) issued a field safety notice to provide updates on rare potential risks with some of its TAVR devices. The CoreValve Evolut R and CoreValve Evolut Pro devices were listed in the notice as devices for which there were updates to the instructions for use manuals, specifically regarding the risk of transcatheter aortic valve (TAV) […]
Medtronic wins FDA approval for self-expanding venous stent
Medtronic (NYSE:MDT) announced that it received FDA approval for its Abre venous self-expanding stent system. Fridley, Minn.-based Medtronic’s Abre stent system received an indication for use in the iliofemoral veins in patients with symptomatic iliofemoral venous outflow obstruction, which is also known as deep venous obstruction, according to a news release. Abre is intended for permanent […]
The 11 largest medtech employers of 2020 – and what their employees really think
Employees of the 11 largest medtech employers are proud of working on life-saving products with added benefits due to the COVID-19 pandemic, but also reported frustration with big corporate bureaucracy. That was one major takeaway as Medical Design & Outsourcing compiled some current and former employee reviews posted on Glassdoor. The companies are the largest […]
Medtronic issues safety notice for InterStim SureScan MRI leads
Medtronic (NYSE:MDT) recently issued an urgent field safety notice to alert users to a potential issue with its InterStim SureScan MRI leads. Fridley, Minn.-based Medtronic said in the notice out of Germany that the Medtronic Model 3560030/3560022 percutaneous extension is intended for use with the Model 978A1/978B1 InterStim SureScan MRI leads during an advanced evaluation to […]
How much is COVID-19 affecting procedure volumes for medtech?
UBS Financial Services released a report detailing how it expects medtech procedures to potentially keep dipping during the COVID-19 pandemic. The report highlighted a quicker-than-expected recovery in the second quarter after U.S. hospitals began canceling, delaying and deferring elective procedures in late March as the pandemic took hold. However, UBS still expects third-quarter medical procedures […]
CB Insights reports digital health, global healthcare investment funding records
CB Insights reported record funding for global healthcare and digital health, among other milestones during the third quarter. Global healthcare investments to private companies hit a new quarterly record of $21.8 billion in the third quarter of this year, with a total of 1,539 equity investments in the three-month period growing 18% from the previous […]
Medtronic reports positive results from spinal cord stimulation trial
Medtronic (NYSE:MDT) announced today that it posted positive 12-month results validating the superiority of its DTM spinal cord stimulation (SCS). Fridley, Minn.-based Medtronic’s multicenter, randomized controlled trial produced statistically significant 12-month data that validated the DTM SCS’ (using the Medtronic Intellis platform) superiority in providing relief for back pain when compared to conventional SCS therapy, according […]
How SpaceX is helping Medtronic prepare for the next pandemic wave
As COVID-19 cases erupted around the globe earlier this year, Medtronic (NYSE:MDT) faced unprecedented demand for its ventilators. At first, Medtronic engineer Matt Phillips wasn’t sure how the company was going to supply enough ventilators to meet the surging global need. Then Elon Musk called with a proposal. Get the full story on our sister site, Medical […]
MedTech 100 roundup: Industry continues its ascent
Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]
