With more large consumer tech firms like Apple (NSDQ:AAPL) dabbling in medtech and Google (NSDQ:GOOG) fully entering into the medical device arena, the field is getting more competitive – but Medtronic CEO Omar Ishrak isn’t intimidated. What Medtronic’s CEO sees in Google is less an opportunity for a new competitor, and more a chance for future […]
Medtronic
FDA grants PMA nod to Medtronic for Real-Time Revel insulin mgmt system
The FDA this month granted premarket approval to Medtronic (NYSE:MDT) for its Paradigm Real-time Revel system designed to monitor glucose levels and manage insulin. Medtronic did not release any information on its plans to launch the device in the U.S. post-approval. The system is composed of both a Paradigm Real-time Revel insulin pump, Enlite glucose sensor […]
Medibio shares rise on Medtronic deal
Medibio (ASX:MEB) shares rose today on the Australian stock exchange after the company said it inked a deal with Medtronic (NYSE:MDT). “The non-binding MOU provides a framework under which Medibio and Medtronic will enter discussions around a proposed strategic agreement covering business opportunities and synergies across both companies,” Sydney-based Medibio said. The company is developing an objective […]
Medtronic joins in on Dutch purchase of Hansen’s Sensei robotic system
Hansen Medical (NSDQ:HNSN) said it completed a sale of 1 of its Sensei X robotic systems to the Maastricht University Medical Center in the Netherlands with help from Medtronic International (NYSE:MDT), a key partner to the Center. The Sensei X Robotic system uses 3D catheter controls and 3D visualization to allow an operating surgeon to control its robotically […]
Canada clears Medtronic Evera MRI SureScan ICD
Medtronic (NYSE:MDT) said today it won license approval from Health Canada for its Evera MRI-compatible SureScan implantable cardioverter defibrillator system. The Evera MRI SureScan ICD is licensed for MRI scans when needed on any part of the body, according to Fridley, Minn-based Medtronic. The licensing includes both the Evera MRI ICD and Sprint Quattro Secure MRI […]
Hospitals to pony up $28m for false kyphoplasty claims
The U.S. Justice Dept. said today that a group of 32 hospitals agreed to pony up a collective $28 million to settle charges that they billed Medicare at the inpatient rate for outpatient kyphoplasty procedures. In kyphoplasty, a treatment for vertebral compression fractures from osteoporosis, surgeons create a void within the vertebra and fill it […]
FDA calls advisory panel for leadless pacemakers
The FDA plans to ask an expert panel to come up with some guidelines for 1 of the next frontiers in cardiac rhythm management, the leadless pacemaker. Medtronic (NYSE:MDT) and St. Jude Medical (NYSE:STJ) have each developed tiny pacers designed for transcatheter placement within the heart, eliminating the need for the wire leads used with conventional pacemakers; Boston Scientific (NYSE:BSX), which […]
Medtronic, Germany’s Phenox to open new plants in Ireland
Medtronic (NYSE:MDT) and German medical device maker Phenox are each planning to open new manufacturing plants in Galway, Ireland. Fridley, Minn.-based Medtronic said it plans to spend about $14.3 million (€13 million) building a new, 20,000-square-foot facility will be used to make its In.Pact Admiral drug-coated balloon. The plant is expected to employ about 100 workers, the […]
Medtronic expands Samsung deal into neuromod
Medtronic (NYSE:MDT) said it expanded its strategic partnership with Samsung Electronics (LON:BC94) into the neuromodulation arena, looking to treat chronic pain, movement disorders, incontinence and other conditions. The announcement was made today at the North American Neuromodulation Soceity’s scientific session in Las Vegas. The combination will position Samsung to develop tools on Google‘s (NSDQ:GOOG) Android tablet […]
FDA expands indication for Medtronic’s InFuse bone graft
Medtronic (NYSE:MDT) said today that the FDA expanded the indication for its controversial InFuse bone-growth protein, allowing for its use with polyetheretherketone implants in oblique lateral interbody fusion and anterior lumbar interbody fusion surgeries. The new indications cover single-level fusion OLIF51 procedures from the L5 vertebra to S1 with Medtronic’s PEEK Perimeter implant; OLIF25 fusions from L2 to L5 […]
Johnson & Johnson, Medtronic make BCG’s most innovative list
Johnson & Johnson (NYSE:JNJ) and Medtronic (NYSE:MDT) were named in the Boston Consulting Group’s list of the 50 most innovative companies this year at the 20 and 42 spot, respectively. Apple (NSDQ:AAPL) and Google (NSDQ:GOOG) took the top 2 spots on the list. Other notable entries were Gilead at number 8, Bayer‘s (ETR:BAYN) at 11, Biogen (NSDQ:BIIB) at […]