Masimo (NSDQ:MASI) said yesterday it is renewing a $1 million challenge made originally in 2013 that its SET pulse oximeter will outperform its device equivalent from competitor Nellcor, now owned by Medtronic (NYSE:MDT). If a hospital can prove in a head-to-head comparison that Masimo’s SET pulse oximeter is inferior to Nellcor’s device, Irvine, Calif.-based Masimo will pay […]
Medtronic
Medtronic inks $235m deal for RF Surgical Solutions
Medtronic (NYSE:MDT) said today that it agreed to pay $235 million to acquire RF Surgical Systems and its device for keeping track of items used during surgery. The RF Surgical system is designed to help prevent “never events” such as leaving a surgical sponge in a patient after surgery, using low radiofrequency signals to track the […]
Ex-ConMed exec is Interventional Spine’s new Darling | Personnel Moves
Interventional Spine said it has tagged ex-ConMed executive and 25-year medical veteran Joseph Darling as its new vice president and COO. Darling spent 7 years with ConMed, serving as the COO, executive veep and prez of ConMed Linvatec until February this year. Before his time at ConMed, Darling worked with Smith & Nephew, Wyeth-Ayerst Pharmaceuticals, Baxter […]
Medtronic doles out $1m in Minnesota health access grants
Medtronic (NYSE:MDT) today said its Medtronic Philanthropy arm doled out more than $1 million in health access grants to non-profits in its home state of Minnesota. The grants, of $50,000 paid out over 2 years, went to 22 organizations selected by Medtronic employees, the Fridley, Minn.-based company said. The grants emphasized groups tackling chronic conditions such […]
Medtronic debuts new spinal implant system
Medtronic (NYSE:MDT) said today it launched the CD Horizon Solera Voyager spinal system designed for minimally invasive spine procedures. The announcement was made at the 22nd annual International Meeting on Advanced Spine Techniques in Kuala Lumpur, Malaysia. The Horizon Solera Voyager offers multiple minimally invasive rod insertion options for transforaminal lumbar interbody fusion procedures, the Fridley, Minn.-based […]
Medical device companies boost guarantees to hospitals
Medical device companies are reportedly boosting their guarantees to hospital customers, seeking to bolster flagging sales growth and downward price pressure, offering to compensate them if their devices fail to perform. Medtronic (NYSE:MDT), Johnson & Johnson (NYSE:JNJ) and St. Jude Medical (NYSE:STJ) are among the 1st to provide the newer guarantees, some of which offer to share in […]
Medtronic sales rep slain in random shooting
A 32-year-old Medtronic sales representative was killed last week in an apparently random shooting in San Francisco, according to news reports. Kathryn Steinle was walking along the waterfront of the Embarcadero in San Francisco with her father and a friend July 1 when she was shot in the chest, allegedly by Francisco Sanchez, a convicted felon […]
Medtronic touts 1-year data for VenaSeal device
Medtronic (NYSE:MDT) today touted results from its VeClose clinical trial of its VenaSeal varicose vein treatment, saying the device posted a 96.8% closure rate at 12 months. Results from the study were presented by principal investigator Dr. Nick Morrison of the Morrison Vein Institute in Scottsdale, Ariz., at the the European Venous Forum 2015 in St. Petersburg, Russia. VenaSeal […]
TAVI: Medtronic wins patent spat with doc inventor
Medtronic (NYSE:MDT) last week won a patent infringement dispute over its CoreValve aortic valve replacement with inventor Dr. Troy Norred, according to legal filings. The U.S. Patent & Trademark Office’s Patent Trial & Appeals Board found that 16 of Norred’s claims were unpatentable, upholding Medtronic’s challenge to the patent, PTO records show. The patent board ruled that […]
Medtronic wins FDA nod, launches Advisa SR MRI-safe pacer
Medtronic (NYSE:MDT) said today that it won FDA approval for its Advisa SR MRI-safe SureScan single-chamber pacemaker, and that it is launching the device in the U.S. The device will allow MRI scans of any region of the body as long as it is used with MRI-safe SureScan leads, the Fridley, Minn.-based company said. “MRI is […]
Medtronic shuffles the deck | Personnel Moves
Medtronic (NYSE:MDT) today said it named Geoff Martha to be the new president of its restorative therapies division, replacing Christopher O’Connell, who left to take the CEO spot at Waters Corp. Martha is slated to be replaced in the chief integration officer role by Bill Burke, who joined Medtronic as part of its $50 billion acquisition […]
