A federal judge in Pennsylvania this week dismissed with leave to amend False Claims Act allegations suggesting Medtronic (NYSE:MDT) offered free services and support to customers to entice them to buy its medical devices on grounds that the suit did not clearly identify how the support services crossed the line and acted as kickbacks. The claims […]
Medtronic
J&J, Medtronic push back against TGA priority review proposal
Johnson & Johnson (NYSE:JNJ) and Medtronic (NYSE:MDT) are pushing back against the Australian Therapeutic Goods Administration’s proposed priority review pathway for medical devices, citing faults in the proposal that they claim will keep them from using it, according to a RAPS report. The major medtech players said they had doubts whether the pathway, designed to hasten approval, […]
Acelity taps Jokinen as CFO, exec VP | Personnel Moves June 20, 2017
Acelity said last week it tapped Tracy Jokinen as its chief financial officer and executive vice president, taking over for interim CFO Todd Wyatt. Jokinen was formerly a CFO of uniform and facility services provider G&K services, which was acquired by Cintas earlier this year. Prior to working at G&K, Jokinen spent more than 20 years at […]
Medtronic touts cost, treatment data on CRT devices
Medtronic (NYSE:MDT) today touted data showing that a pair of algorithms improved treatment and lowered costs for patients treated with its cardiac resynchronization therapy devices. The Fridley, Minn.-based medical device giant said its AdaptivCRT and EffectiveCRT algorithms lowered costs and improved therapy delivery in heart failure patients with atrial fibrillation. Results from 1 of 3 analyses […]
Analysts: Stryker might not be the only bidder for Novadaq
Stryker (NYSE:SYK) might not be the only firm in the running for Novadaq Technologies (TSE:NVDQ), according to analysts responding to Stryker’s $701 million bid for the Canadian fluorescence imaging company. Mississauga, Ontario-based Novadaq yesterday agreed to the $11.75-per-share bid, which offers a 95.8% premium on NVDQ’s $6 closing price June 16. That agreement – and the high […]
Medtronic touts retrospective data in Reactive ATP therapy AF study
Medtronic‘s (NYSE:MDT) today released data from a retrospective analysis of patients with its Reactive ATP therapy, touting slowed atrial fibrillation progression for individuals with implanted cardiac devices. Data came from a retrospective analysis of approximately 8,800 patients and was presented at the EHRA Europace-Cardiostim 2017 meeting, Fridley, Minn.-based Medtronic said. “Atrial fibrillation can be a debilitating […]
These medical device companies are holding the most cash offshore
Several medical device companies are among the S&P 500 companies that have parked nearly $1 trillion in cash overseas. The list of the 50 companies with the most cash offshore, compiled by Bloomberg, comes as Capitol Hill mulls a tax reform plan that would in part encourage companies to repatriate that money. During last year’s […]
Medtronic’s Micra pacer heads to space
Medtronic‘s (NYSE:MDT) nano-sized Micra pacemaker will be heading into space as part of a Nebraska high school student’s science project. The device will be tested as part of the Cubes in Space program, a private education program that partners with NASA to encourage students and educators to engage in science and space exploration. The Micra […]
Cardiology research breakthroughs you need to know
Recent months have seen a host of important cardiology research breakthroughs related to new cardio devices and diagnostics, tissue engineering and the overall understanding of heart disease and its treatment. For example, a customizable robotic heart sleeve – developed at Harvard University and Boston Children’s Hospital – has demonstrated advantages over other heart assist devices […]
ADA 2017 Roundup: J&J inks dev deal with Qualcomm, launches next-gen OneTouch Reveal app
Johnson & Johnson (NYSE:JNJ) is continuing to develop its diabetes offerings, with its LifeScan business partnering with Qualcomm Life to improve its OneTouch Verio Flex blood glucose meters and launching a next-gen version of its OneTouch Reveal mobile app. The company will be partnering with the Qualcomm subsidiary to streamline wireless data capture from LifeScan’s […]
7 medtech stories we missed this week: June 9, 2017
From 3M’s expanded 510(k) clearance for its Tegaderm dressing to Medtronic and Acacia burying the hatchet, here are 7 medtech stories we missed this week but thought were still worth mentioning. 1. InspireMD inks Taiwanese distro deal for CGuard InspireMD announced in a June 8 press release that it has signed a distribution deal with […]