Medtronic (NYSE:MDT) is closing in on a resolution to the long-running legal battles over its Infuse bone-growth protein designed for back surgeries, according to an SEC filing posted last week. The Fridley, Minn.-based company said that it is approaching agreements to settle approximately 6,000 cases against it which asserted personal injury claims due to the bone […]
Medtronic
Medtech M&A: The 10 biggest deals so far in 2017
Over the past several years, the healthcare industry as a whole has experienced an abundance of mergers and acquisitions – major players are buying up their peers in deals ranging from millions to billions. The trend is continuing, and the healthcare playing field continues to be shaped by these mega-transactions. For the medical device industry, […]
Researchers make steps towards closed-loop DBS system for essential tremor, Parkinsons
Researchers at the University of Washington say they developed an advanced deep brain stimulation system designed to treat essential tremor without constantly being “on,” allowing for longer battery life and better treatment. The system utilizes electrodes on top of the brain to sense movement in parts of the body that experience essential tremor, alongside a […]
Medtronic wins CE Mark for SureTune3 deep-brain stimulation software
Medtronic (NYSE:MDT) said today that it won CE Mark approval in the European Union for its SureTune3 deep-brain stimulation software, which is designed to map lead locations and indicate the level of stimulation. The Fridley, Minn.-based Medtronic said its DBS devices are approved in the E.U. for treating Parkinson’s disease, dystonia, essential tremor, obsessive-compulsive disorder and […]
Insulet, Mayo Clinic get in on Glooko’s $35m Series C round
Insulet (NSDQ:PODD) and Mayo Clinic were among the new investors to get in on a $35 million Series C round for Glooko and its diabetes management platform. The round was led by new investor Georgian Partners, joined by Insulet and Mayo Clinic and existing backers Medtronic, Samsung, Canaan Partners and Social Capital, Mountain View, Calif.-based Glooko said. The […]
Medtronic plays catchup after week-long IT outage
Medtronic (NYSE:MDT) is playing catch-up after restoring its global computer system designed to track manufacturing and customer orders, which was brought down for a full week by an internal technical issue, according to a Minneapolis Star Tribune report. A spokesperson for the company told the paper that its computers were up and running again yesterday, a […]
Report: Medtronic misses Memphis jobs target despite tax break pledge
Medtronic (NYSE:MDT) has reportedly increased its workforce at its spine business in Memphis by only 14.3%, despite pledging 11 years ago to a 49% increase to win $20 million in local tax breaks, but far exceeded investment and wage commitments. Back in 2006, Fridley, Minn.-based Medtronic promised to boost its local employment from 1,225 workers […]
Medtronic inks diabetes deal with Aetna
Medtronic (NYSE:MDT) said today that it inked a deal with health insurer Aetna (NYSE:AET) to measure outcomes for patients with Type 1 and Type 2 diabetes on multiple daily insulin injections. The program is designed for patients who elect to move to an insulin pump, using a Medtronic MiniMed pump featuring its SmartGuard algorithm. “This […]
Report: Mystery snafu takes out Medtronic’s computers
A mystery snafu reportedly took out the global computer systems at Medtronic (NYSE:MDT) last week, but there’s no sign that the problem came from outside the company. The Fridley, Minn.-based medical device titan had restored some of the system by June 22, a spokesman told the Minneapolis Star Tribune, and the interruption is not expected to […]
Here are the top 5 medtech stories of mid-2017
The middle of 2017 is shaping up to be a continued whirlwind of activity for medtech. FDA is getting used to its new leadership but is facing a continued lack of clarity on user fees and UDIs. Industry is seeing a deeper consolidation in medical supplies, exemplified in Cardinal Health’s purchase of patient recovery supplies from […]
Medtronic warns on button glitch with MiniMed 640G insulin pump
Medtronic (NYSE:MDT) issued a field safety notice in May, warning users that keypad buttons on its MiniMed 640G insulin pump may become temporarily stuck when the atmospheric pressure around the pump suddenly increases or decreases – like during air travel. If the keypad buttons are stuck, users may not be able to program a bolus or […]