Medtronic (NYSE:MDT) said today that results from the Endurance supplemental trial of its HVAD heart pump system did not meet its primary endpoint, but did report lowered stroke rates compared to standard treatment. The trial aimed to evaluate the use of the HVAD system, which it picked up along with HeartWare last year, as a destination […]
Medtronic
Mazor Robotics slides on Q1 prelims
Share prices for Mazor Robotics (NSDQ:MZOR) slid today despite preliminary 1st-quarter sales numbers that beat expectations on Wall Street. The Caesarea, Israel-based robot-assisted surgery device maker said it expects to post sales of $11.5 million for the 3 months ended March 31, ahead of The Street’s $11.2 million forecast and up 79.7% compared with Q1 2016. Investors […]
Medtronic issues field safety notice for Newport HT70 ventilators
Medtronic (NYSE:MDT) issued a voluntary field corrective action today for all of the Newport HT70 and Newport HT70 Plus ventilators manufactured since 2010. The company said it received reports that the machine may reset spontaneously during normal operation, without an alarm. After the device resets, it enters standby mode and will not resume ventilation, unless otherwise […]
Appeals court upholds Medtronic win in $6m legal fees spat with Mirowski
The estate of Dr. Michel Mirowski, who helped invent the implantable defibrillator owes Medtronic (NYSE:MDT) $6 million to cover legal fees in their long-running patent spat, a federal appeals court ruled today. Mirowski Family Ventures represents the estate of CRM pioneer Dr. Michel Mirowski. The group, which controls several patents related to ICDs and cardiac resynchronization therapy devices, has been […]
Report: Looming NAFTA reforms, new border taxes threaten Mexican & US med device biz
The Trump administration’s threats to alter trade deals and add taxes to imports could affect a booming medical device business in Mexico, which imports a significant amount of products to the US, according to a New York Times report. The US imports approximately 30% of its medical devices and supplies and new taxes on imports […]
United delays Remosynch launch until 2018
Shares in United Therapeutics (NSDQ:UTHR) fell -7% this morning to $126.17 apiece after the company said that the U.S. commercial launch of Remosynch, Medtronic‘s (NYSE:MDT) implantable infusion pump for Remodulin, will be delayed until 2018. “United Therapeutics’ commitment to bringing better therapies to patients transcends temporary delays or setbacks,” United chairman & CEO Martine Rothblatt said in […]
IP firm must pony up Medtronic legal fees in dispute with Stryker
A federal judge this week ordered IP licensing firm Orthophoenix to pay $572,000, plus interest, to Medtronic to cover legal fees incurred in a suit between Orthophoenix and Stryker (NYSE:SYK) over patents formerly owned by Medtronic (NYSE:MDT). In April 2013, Medtronic sold patents to Orthophoenix, with an agreement that the firm would “provide counsel to Medtronic” […]
7 companies in the race to make an artificial pancreas
Over 50 years ago, scientists discovered the ability to externally control blood glucose regulation for individuals with type 1 diabetes. Since then, researchers in the field of diabetes management have dreamt of creating a closed-loop system – a combined glucose sensor, control algorithm and insulin infusion device – to effectively act as an “artificial pancreas” […]
Medtronic launches Arctic Front cryoablation PVI study
Medtronic (NYSE:MDT) said today it enrolled the 1st patient in the Stop Persistent AF clinical trial of its Arctic Front Advance cardiac cryoablation catheter. The 225-patient, 12-month trial aims to explore the effectiveness and safety of pulmonary vein isolation-only treatments for patients with persistent atrial fibrillation using the Arctic Front Advance cryoablation catheter, the Fridley, […]
ConvaTec expands Unomedical infusion set biz for Medtronic
ConvaTec (LON:CTEC) said today that it’s expanding its Unomedical infusion set business to keep pace with the diabetes segment at Medtronic (NYSE:MDT). The British wound care and colostomy supplies maker said the expansion of Unomedical’s production capacity is part of a decades-long partnership with Fridley, Minn.-based Medtronic. Unomedical makes disposable infusion sets for a range of Medtronic MiniMed insulin pumps, including […]
Heart Societies update guidelines to support cardiac monitors for syncope patients
Medtronic (NYSE:MDT) said today that new guidelines from the American College of Cardiology, the American Heart Association and the Heart Rhythm Society now recommend the use of cardiac monitors for patients with syncope. The updated guidelines for patients with syncope, or unexplained fainting, was published online in the Journal of the American College of Cardiology, Circulation […]