Medtronic (NYSE:MDT) subsidiary Medtronic Canada said today that it landed a license with Health Canada for its MiniMed 630G system with SmartGuard tech for patients with diabetes mellitus. The Fridley, Minn.-based company said it interviewed more than 1,000 diabetes patients to better understand the features they look for in an insulin pump. The final product has […]
Medtronic
Whistleblower drops some claims in Medtronic insulin pump suit
The whistleblower in a lawsuit accusing Medtronic (NYSE:MDT) of marketing its insulin pumps for off-label uses and running a kickbacks scheme to drive new sales withdrew some state claims from the case. Former sales rep Adam Witkin alleged in 2011 that Medtronic offered “false and misleading” information on the off-label use of high-concentration U-500 insulin with […]
Medtronic warns on deep brain stimulation charger issue
Medtronic (NYSE:MDT) warned customers this month of an issue with some of its Model 37751 rechargers for its deep-brain stimulation devices, saying they may become unresponsive and unable to fully recharge the neurostimulator until they are reset. Customers have complained that some of their rechargers are nonfunctional, bleeping every 5 seconds with a blank display screen, Medtronic warned in […]
Coating issue still plagues the Pipeline device as Medtronic issues another recall
The coating issue that’s bedeviled the Pipeline device made by Medtronic (NYSE:MDT) last week prompted another recall for the brain aneurysm treatment. Originally developed by Ev3, the Pipeline device is designed to divert blood from the aneurysm. Covidien acquired Ev3 in the summer of 2010, paying $2.6 billion in cash, and the technology moved to Medtronic with its […]
Medtronic, LivaNova get in on $12m round for European medtech incubator MD Start
A European medical device incubator said yesterday that it raised nearly $12 million from backers including Medtronic (NYSE:MDT) and LivaNova (NSDQ:LIVN). Paris-based MD Start invested in 3 companies using its 1st fund and has already invested in a 4th from the just-announced $11.5 million fund, which was led by French public investment bank Bpifrance and included Sofinnova Partners. “MD Start II […]
Medtronic touts cryoballoon cost savings data from Fire & Ice trial
Medtronic (NYSE:MDT) today released new economic analysis data from the Fire and Ice trial comparing cryoballoon catheter ablation with radiofrequency ablation, touting advantages of cryoballoon treatment over RF. Data from the trial was presented at the Asia Pacific Heart Rhythm Society’s Scientific Sessions in Seoul. Primary results from the trial were published in The New […]
Medtronic wins MRI-safe nod from FDA for full suite of cardiac rhythm management devices
Medtronic (NYSE:MDT) said today that it won FDA approval for its full suite of MRI-safe cardiac rhythm and heart failure devices and leads for 3- and 1.5-Tesla scans, touting the approval as the 1st of its kind in the U.S. The regulatory win allows current patients with Fridley, Minn.-based Medtronic’s SureScan MR-conditional pacemakers, implantable cardioverter-defibrillators and […]
St. Jude Medical is only the latest medical device maker to face battery issues
The battery depletion issue confronting St. Jude Medical (NYSE:STJ) this week is only the latest such issue to bedevil a medical device maker, as its arch-rivals in the cardiac rhythm management space have issued their own recalls in recent years. St. Jude yesterday warned of the possibility that a battery issue could disable its high-voltage cardiac […]
Minn. Supreme Court to hear investors suit over Medtronic inversion
The Minnesota Supreme Court will hear a case from Medtronic (NYSE:MDT) shareholders who want the company to cover capital gains taxes related to the company’s inversion merger to Ireland last year. The aggrieved shareholders 1st must argue with the court that state law should not prevent them from pressing the 2-year-old class action lawsuit against […]
Misonix CEO steps down | Personnel Moves October 4, 2016
Misonix CEO steps down Misonix (NSDQ:MSON) CEO Michael McManus, Jr. stepped down in early September, also leaving his post as director and chairman of the board of directors. Stavros Vizirgianakis, a member of the board of directors, is serving as the interim CEO while negotiating for a full-time position in the corner office. Vizirgiankis, who owned […]
Medtronic touts 1-year data on Avalus surgical aortic valve
Medtronic (NYSE:MDT) today reported 1-year results from a clinical trial of its Avalus pericardial aortic surgical valve, touting low rates of adverse valve-related events and high survival numbers. Data from the study were presented at the European Assn. for Cardio-Thoracic Surgery’s annual meeting in Barcelona this week. “With more than 25 years of experience in the surgical valve space, […]