Medtronic (NYSE:MDT) said today it acquired Campbell, Calif.-based stent-retriever cover developer Lazarus Effect for $100 million in an all-cash transaction. Lazarus’ Cover device is designed to wrap stent retriever devices with a novel nitinol “mesh cover” that folds over the retreiver during clot retrieval and “candy wraps” the stent with the clot contained, Fridely, Minn.-based Medtronic […]
Medtronic
Medtronic launches MiniMed Connect in U.S.
Medtronic (NYSE:MDT) said today it launched its MiniMed Connect diabetes monitoring system in the U.S.. The monitor allows patients who use it to connect their continuous glucose monitors and insulin pumps to their smart phones to view and share the data, Fridley, Minn.-based Medtronic said. The MiniMed Connect consists of a small portable device, a smartphone […]
Report: AdvaMed CEO Ubl to leave for top spot at PhHRMA | Personnel Moves
Steve Ubl, the longtime CEO at medical device lobby AdvaMed, is reportedly leaving the organization after 17 years to take the top spot at the pharmaceutical industry’s largest trade group, the Pharmaceutical Research and Manufacturers of America or PhRMA. The Hill, citing an unnamed source, said that Ubl “will more than likely” take over as […]
Medtronic launches real-world study for SuperDimension lung device
Medtronic (NYSE:MDT) said today that it launched a huge, real-world study of the SuperDimension lung device it acquired along with Covidien earlier this year. The 2-year, 2,500-patient Navigate trial is designed to evaluate the performance of the LungGPS electromagnetic navigation bronchoscopy technology the SuperDimension device uses to navigate the lungs. The single-arm, multi-center post-market observational study […]
Lenox MacLaren lawyers draw sanctions in Medtronic anti-trust suit
Lawyers representing Lenox MacLaren Surgical in an antitrust lawsuit against Medtronic (NYSE:MDT) were sanctioned last week for not heeding prior warnings about forthrightness during discovery. Lenox accused Medtronic of abusing a contract to supply surgical bone mills used for spinal fusion surgeries to monopolize the market. Judge Nina Wang of the U.S. District Court for Colorado ordered the law […]
Plaintiff takes Infuse case against Medtronic to the Supreme Court
The plaintiff in a product liability lawsuit asked the U.S. Supreme Court to take up the case, involving alleged off-label promotion of Medtronic‘s (NYSE:MDT) controversial Infuse bone-growth protein. Patricia Caplinger wants the high court to review an April decision by the U.S Court of Appeals for the 10th Circuit that her state-law tort claims are preempted by federal law. Caplinger […]
Medtronic launches Arc stroke catheter in the U.S.
Medtronic (NYSE:MDT) said today that it expanded its thrombectomy offering in the U.S. with the Arc catheter, designed for use with its Solitaire stent retriever in treating acute ischemic stroke. Fridley, Minn.-based Medtronic said the Arc catheter won 510(k) clearance from the FDA in July. “The Arc support catheter will complement our Solitaire stent retriever and […]
Medtronic signs 10-year deal with Minnesota Vikings
Medtronic (NYSE:MDT) said today it signed a 10-year partnership with the Minnesota Vikings NFL team that includes sponsoring the “Medtronic Plaza,” a square connected to the team’s stadium. The deal will put Medtronic’s moniker on the 3-acre gateway to the U.S. Bank Stadium the team plays in, as well as a community service program with the team […]
Medtronic, IBM win slot at Israeli incubator
Medtronic (NYSE:MDT) and International Business Machine (NYSE:IBM) won a grant from the Israeli government to open an incubator focusing on the field of digital medicine, according to a statement from the Israeli Ministry of Economy. The incubators will receive a budget between $500,000 and $800,000, depending on the project, according to the incubator’s site. The group currently […]
FDA approves Medtronic’s Evera MRI SureScan ICD
Medtronic (NYSE:MDT) said today that the FDA granted pre-market approval for its Evera MRI SureScan device, touting it as the 1st MRI-safe implantable cardiac defibrillator to win U.S. approval. Fridley, Minn.-based Medtronic said the Evera device is approved for MRI scans of any body area. The device is expected to hit the market this month, including […]
Ex-Medtronic strategy veep Oesterle joins VC shop New Enterprise Associates | Personnel Moves
Venture capital firm New Enterprise Associates said today it picked up ex-Medtronic (NYSE:MDT) executive veep Dr. Stephen Oesterle as a venture partner for the firm. Prior to being an executive veep for the medical giant, Oesterle served as senior veep of medicine and technology, and served as a member of the executive committee for 14 years, […]
