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 […]
Quarterly M&A is in the billions in Minnesota’s Medical Alley
Mergers and acquisitions neared $15 billion among Medical Alley Association members in the second quarter of 2019, the Minnesota trade group said today. About half of that was generated by one company — Minnetonka-based UnitedHealth Group (NYSE:UNH), which completed its long-awaited $4.3 billion acquisition of DaVita Healthcare (NYSE:DVA) in June. United also acquired two other companies in the […]
Medtronic prices nearly $5B in debt tender
Medtronic (NYSE:MDT) yesterday priced a pair of debt tender offers at nearly $5 billion, raising the cap on two sets of senior notes. Last week the Fridley, Minn.-based medical device giant closed a senior notes offering worth €5.0 billion that it’s planning to use to cover the tender offers, after raising the top end of one tender to more […]
Medtronic debt offers draw nearly $9B in tenders
Medtronic (NYSE:MDT) said today that a pair of debt tenders drew nearly $9 billion in tendered notes, exceeding the $5.5 billion purchase price set earlier this month. Last week the Fridley, Minn.-based medical device giant closed a senior notes offering worth €5.0 billion that it’s planning to use to cover the tender offers, after raising the […]
Medtronic touts stroke data from HeartWare HVAD thoracotomy study
Medtronic (NYSE:MDT) today touted stroke data from the Lateral trial of its HeartWare HVAD left ventricular assist device involving implantation via thoracotomy instead of open surgery. With a thoracotomy implantation, surgeons insert the pump via a small, lateral incision between the left ribs and make a second small incision to accommodate the pump’s outflow graft. […]
Medtronic closes $6B debt offering
Medtronic (NYSE:MDT) said today that it closed a senior notes offering worth €5.0 billion that it’s planning to use on a debt tender worth nearly $6 billion. The Fridley, Minn.-based company, which is the world’s largest pure-play medical device maker, said the $5.68 billion senior notes offering consisted of the following issues: €250 million floating-rate senior […]
Innovative Health lands another catheter reprocessing clearance
Innovative Health said today that it has received FDA clearance to reprocess the Biosense Webster PentaRay Nav eco high-density mapping catheter for reuse. The clearance is the latest allowing Scottsdale, Ariz.-based Innovative Health to reprocess catheters. The FDA cleared it in 2018 to reprocess St. Jude Medical’s Advisor FL, Medtronic’s Torqr and Marinr and Biosense Webster’s […]
Medtronic recalls MiniMed pump models on cybersecurity risk
Medtronic (NYSE:MDT) today recalled two models of its MiniMed insulin pumps after researchers discovered cybersecurity risks that could allow a hacker to take control of the devices. The recall affects 11 models in Fridley, Minn.-based Medtronic’s line of MiniMed 508, MiniMed Paradigm and MiniMed Paradigm Veo pumps, according to the FDA. Medtronic said the pumps are […]
Sterigenics moves to upgrade shuttered device sterilization plant
Sterigenics said today that it has applied for permits to upgrade emissions controls at its Willowbrook, Ill. medical device sterilization plant, which had sterilized thousands of devices daily until its Feb.15 shutdown. The Illinois Environmental Protection Agency (EPA) closed the Willowbrook plant, citing excessive emissions of the sterilant ethylene oxide (EO), based on a federal […]
Medtronic closes Titan Spine buyout
Medtronic (NYSE:MDT) said today that it closed a deal to acquire Titan Spine for an undisclosed amount. Mequon, Wis.-based Titan Spine makes a line of titanium interbody fusion devices featuring a surfacing technology it developed to encourage the ingrowth of bone into the implants. The deal was announced May 9. “With today’s announcement, we bring our two […]
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