The FDA today labeled Medtronic‘s (NYSE:MDT) voluntary recall of battery packs used with its Covidien Oridion labeled Capnostream 20 and 20p patient monitors as Class I. The devices are being recalled due to a defect causing an increased risk of thermal damage in the packs. Class I recall designations, the agency’s most serious classification of […]
Medtronic
Medtronic, Qualcomm ink collaborative diabetes treatment deal
Medtronic (NYSE:MDT) said today that it inked a collaborative deal with Qualcomm (NASDAQ: QCOM) subsidiary Qualcomm Life to develop next-gen continuous glucose monitoring systems. The companies will initially focus on single-use CGM system designed for physicians who manage type 2 diabetes patients, Fridley, Minn.-based Medtronic said. “We believe that glucose should be a vital sign of […]
Medtronic settles retaliation suit brought by ex-rep
A federal judge in Texas yesterday tossed a lawsuit alleging that Medtronic (NYSE:MDT) fired an ex-sales rep for reporting False Claims Act, after the company inked a settlement agreement with the plaintiff. Judge Amos Mazzant of the U.S. District Court for Eastern Texas dismissed the case with prejudice after Medtronic and plaintiff Susan White said they settled the case on undisclosed terms, according […]
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim | Personnel Moves May 20, 2016
Skyline Medical CEO Kornberg steps down, Schwartz takes over as interim chief exec Skyline Medical said earlier this month that prez and CEO Joshua Kornberg has stepped away from his roles at the company, and is being replaced by Carl Schwartz who will serve as interim chief executive. Prior to his time at Skyline, Schwartz served […]
Medtronic launches new cervical spine platform in the U.S.
Medtronic (NYSE:MDT) said today that it launched its Spine Essentials platform for cervical spine fusions. The offering is aimed at increasing the efficiency of the most common 1- and 2-level fusion procedures, using sets with the most common implant sizes sterile packaged with smaller instrument sets. Compared with standard kits, the Spine Essentials kits cut cost by […]
Medtronic: Infuse data delay was inadvertent
Medtronic (NYSE:MDT) reportedly said this week that its years-long delay in releasing adverse event data for its controversial Infuse bone-growth protein was inadvertent. The Minneapolis Star Tribune last month reported that a 2-year Medtronic review of some 3,647 Infuse patients in 2008 turned up about 1,000 adverse events that weren’t reported to the FDA until 2013. That prompted Sens. Al Franken […]
EuroPCR 2016: Study casts doubt on long-term TAVR durability
Study results released this week at the annual EuroPCR conference in Paris indicated that half of transcatheter aortic valve replacements had signs of degeneration within 10 years. The study looked at 704 patients who had a TAVR procedure between April 2002 and May 2011, following 378 of them for up to 10 years. In the 100 patients who […]
Smith & Nephew deals Truclear gynecology biz to Medtronic for $350m
Smith & Nephew (NYSE:SNN) said today that it’s dealing its gynecology business to Medtronic (NYSE:MDT), including the Truclear hysteroscopic resection and removal system, for $350 million. The London-based healthcare giant said the Truclear device put up sales of $56 million last year, or just more than 1% of total revenues. The proceeds will go toward a $300 million […]
Mazor Robotics inks $42m deal with Medtronic
Mazor Robotics (NSDQ:MZOR) said today that it inked a 2-phase deal with Medtronic (NYSE:MDT) for its robot-assisted spine surgery technology that includes a co-promotion agreement and an equity investment that could see Medtronic wind up with a 15% stake in the Israeli company for as much as $42 million. Caesarea, Israel-based Mazor said the 1st phase of […]
Medtronic patent exec Ruschke nominated to lead PTAB | Personnel Moves May 11, 2016
Medtronic patent exec Ruschke nominated to lead PTAB Former Medtronic (NYSE:MDT) patent executive David Ruschke has been appointed as the new Chief Judge for the Patent Trial and Appeal Board. Rushke is slated to take up the new position on May 23. As chief patent counsel at Medtronic, Rushke managed numerous patent appeals, interferences, post grant […]
Medtronic sponsors sculpture outside Vikings stadium
Medtronic (NYSE:MDT) said today it is contributing a contemporary art sculpture to be placed in Medtronic Plaza outside the Minnesota Vikings’ U.S. Bank Stadium. The 25 foot tall, 107 foot long statue, named “The Horn” consists of 2 flowing ribbons, with inside surfaces polished like mirrors to reflect the faces of viewers. The company said the spiral […]