Inspire Medical Systems, which spun out from Medtronic (NYSE:MDT) in 2007, said yesterday it closed a $37.5 million Series F financing round, as well as announcing the appointment of Marilyn Nelson to the board of directors. Inspire Medical developed and produces a sleep apnea implant, a pacemaker-like system designed to stimulate nerves to keep airways […]
Medtronic
Appeals court upholds $15m Medtronic loss to bone cement acquisition Pabban Development
Medtronic (NYSE:MDT) is still on the hook to pay $15.4 million to bone cement maker Pabban Development for breaking the terms their 2008 acquisition deal, a federal appeals court ruled yesterday. Irvine, Calif.-based Pabban, which developed a bone cement system for spinal surgeries called Natrix, claimed the technology had key improvements over other bone cements at the […]
FDA updates on 2 Class I HeartWare HVAD recalls
Correction: A previous version of this article identified this as a new set of recalls, due to differing product codes and recall counts. This was incorrect, and updated with information from Medtronic/HeartWare. The FDA today released updated information on Class I recalls for Medtronic‘s (NYSE:MDT) HeartWare Ventricular Assist Devices, affecting a total of 4,669 units. A Class […]
FDA expands indication for Medtronic’s Solitaire stent retriever
Medtronic (NYSE:MDT) said today that the FDA granted 510(k) clearance for an expanded indication for its Solitaire stent retriever. The new indication covers its use as an initial treatment for acute ischemic stroke after the administration of intravenous tissue plasminogen activator and within six hours of symptom onset, Fridley, Minn.-based Medtronic said. The Solitaire device is […]
Doc wins $20m from Medtronic in spine patents spat
A doctor suing Medtronic (NYSE:MDT) last week won $20.3 million in damages after a federal jury in Texas found that the company infringed his patents covering spinal deformity repair devices. Dr. Mark Barry sued Medtronic in February 2014 in the U.S. District Court for Eastern Texas, alleging infringement of a trio of patents covering a “System and method […]
FDA approves Medtronic’s Claria MRI quad CRT-D
Medtronic (NYSE:MDT) said today that it won pre-market approval from the FDA for its Claria MRI quad cardiac resynchronization therapy defibrillator for magnetic resonance imaging scans at both 1.5 and 3 Tesla. “The Claria MRI CRT-D is our latest innovation to help improve patients’ response to CRT, establishing a new level of personalized care,” heart […]
Appeals court sends NuVasive spat with Medtronic back to patent office
The long-running patent war between Medtronic (NYSE:MDT) and NuVasive Inc. (NSDQ:NUVA) is due for another battle after a federal appeals court yesterday ordered the U.S. Patent & Trademark Office to reconsider its decision on 1 patent. Medtronic filed petitions for inter partes review with the PTO, with a single challenge moving forward, according to court documents. […]
Medtronic targets Medicare bundled payments with knee replacement offering
Medtronic (NYSE:MDT) said today that it’s getting into the large joint replacement business, aiming to capitalize on a new bundled payment program at the Centers for Medicare & Medicaid Services. The government insurer announced its 5-year “Comprehensive Care for Joint Replacement” program in July 2015, saying it would involve more than 800 hospitals in 75 geographic areas. […]
Positive 1-month safety results for Medtronic’s Navigate bronchoscopy trial
Medtronic (NYSE:MDT) today released 1-month data from the Navigate trial of its superDimension LungGPS system, touting the device as safe and effective based on the preliminary results. A total of 1,289 patients have been enrolled in the trial to date, which spans 37 sites across Europe and North America. The trial looks to evaluate the […]
Third-quarter sales surge more than 50% for Mazor Robotics
Third-quarter sales for Mazor Robotics (NSDQ:MZOR) rose nearly 54% as the robot-assisted surgery company sold more guidance systems than during all of last year. Caesarea, Israel-based Mazor posted losses of -$5.2 million, or -11¢ per share, on sales of $7.6 million for the 3 months ended Sept. 30, keeping the bottom line flat compared with Q3 2015. […]
Medtronic joins Masimo CEO Kiani’s Patient Safety Foundation, pledges $5m
Despite being rivals in the blood oxygen diagnostic fields, Medtronic (NYSE:MDT) said it is joining Masimo (NSDQ:MASI) CEO Joe Kiani’s Patient Safety Movement Foundation with a $5 million, 5-year commitment. By joining the program, Medtronic will provide $5 million over 5 years and share anonymized data from its medical devices to help develop analytic programs to […]