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
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 […]
Inside the largest medical device acquisition in history
By Heather Thompson In June 2014, Medtronic and Covidien shook the medical technology industry with the announcement of a merger of unprecedented scale. OCTANe’s Medical Investor Forum, held in Irvine, Calif., Oct. 27-28, featured a conversation between Geoff Martha, who led Medtronic’s team for the $50 billion merger, and Brett Wall, former president of Covidien […]
More deaths tied to Medtronic’s SynchroMed II drug pump
The SynchroMed II implantable drug pump was linked to more than 100 adverse events including 2 previously unreported deaths, Medtronic (NYSE:MDT) said last month. In a letter to doctors published yesterday by the U.K.’s Medicines & Healthcare Products Regulatory Agency, Fridley, Minn.-based Medtronic said the SynchroMed II pump can delivery too much medicine but that the exact case of […]
NASS 2016: Interest grows in surgical robotics for spinal procedures
Mazor Robotics (NSDQ:MZOR) unveiled its next-generation robot-assisted surgery system and Globus Medical (NYSE:GMED) for the 1st time showcased the functional prototype of its Excelsius platform at the NASS 2016 meeting in Boston last week, signifying an increased interest in robotic surgeons among major players. Mazor developed 3 generations of products over 15 years and does 95% of its business in […]
FDA posts another Class I HeartWare HVAD recall
The FDA today posted a Class I recall notice for select Medtronic (NYSE:MDT) HeartWare ventricular assist device controllers over issues with loose power connectors that could stop the pump from functioning. A Class 1 indication from the federal watchdog indicates “a reasonable probability that use of these products will cause serious adverse health consequences or death,” according […]
Medtronic wins FDA nod for CoreValve Evolut TAVR system
Medtronic (NYSE:MDT) said today it won FDA approval for its CoreValve Evolut R 34mm transcatheter aortic valve replacement system, touting it as the largest sized TAVR system available in the U.S. The Fridley, Minn.-based company said the system is cleared for use in patients with severe aortic stenosis and who are at high or extreme risk […]
Doc inventor sues St. Jude, Medtronic over heart valve patents
A cardiac physician is taking St. Jude Medical (NYSE:STJ) and Medtronic (NYSE:MDT) to court claiming they copied work from 2 of his patents with their own devices. Dr. Robert Snyder, founder of Snyder Heart Valve, filed suits in the United States Court for the Eastern District of Texas, Sherman Division, claiming that both companies used technology […]
Medtronic wins FDA nod for lower-profile HawkOne atherectomy device
Medtronic (NYSE:MDT) said today it won FDA 510(k) clearance for a new lower profile version of its HawkOne directional atherectomy system, designed for treating patients with peripheral artery disease. The Fridley, Minn.-based company’s HawkOne is a directional atherectomy device designed to treat severely calcified lesions in the blood vessels of the lower extremities. The device […]
Medtronic launches MiniMed Connect app for Android
Medtronic (NYSE:MDT) said today that its MiniMed Connect app, which allows patients with diabetes to see a real-time glucose measurement on their smartphone, is available for Android devices. The app, which launched in September 2015, connects providers and patients with their continuous glucose monitoring data on any Internet-connected device or PC. Healthcare providers can use the app […]
Medtronic recalls Heartware HVADs over driveline contamination issues
The FDA today released a recall notice for Medtronic (NYSE:MDT) subsidiary HeartWare International‘s Heartware Ventricular Assist Device over issues with driveline connector tubes of select units which may cause the pump to stop. The federal watchdog labeled the recall as Class 1, indicating “a reasonable probability that use of these products will cause serious adverse health consequences or […]