Mirowski Family Ventures, on the hook for a $6 million tab for Medtronic‘s (NYSE:MDT) legal costs, told a federal appeals court last week that a lower court misconstrued a 24-year-old deal with Eli Lilly (NYSE:LLY). The long-running case involves patents licensed to Boston Scientific (NYSE:BSX). MFV represents the estate of Dr. Michel Mirowski, who helped invent the implantable defibrillator. The group, which controls several patents related […]
Medtronic
Medtronic wins FDA panel date for DIAM spine stabilization system
Medtronic (NYSE:MDT) won a date with an FDA advisory panel for its DIAM spinal stabilization system. The federal safety watchdog’s Orthopaedic & Rehabilitation Devices panel is slated to meet Feb. 19, 2016, to consider the pre-market approval application for the DIAM system, the FDA said today. DIAM stands for “device for intervertebral assisted motion.” The DIAM system is designed […]
Medtronic shrugs off new Treasury inversion rules
Medtronic (NYSE:MDT) today shrugged off new U.S. Treasury Department rules that clamp down on so-called “inversion” deals that move U.S. companies to foreign tax jurisdictions. In an inversion, a U.S. company typically buys a smaller foreign rival and relocates, at least on paper, to the rival’s home country so the new combined company is not U.S.-based, though core management […]
A medtech veteran takes on C. diff from the gut
Most people don’t think much about Clostridium difficile, or C. diff., until it impacts their family. That was the case for Rebiotix CEO Lee Jones, who had never heard of the disease until her mother fell ill with it several years ago. Lee says she quickly learned how dangerous the disease really is – it’s responsible for more than 29,000 […]
Medtronic Micra, MiniMed 640G HCL make Popular Science top 100
Medtronic (NYSE:MDT) said today its Micra transcatheter pacing system and MiniMed 640G-based Hybrid Closed Loop system have both won Popular Science‘s Best of What’s New 2015 award in the health category. The Micra transcatheter pacing system, which at 1/10th the size of a conventional pacemaker is roughly the size of a large vitamin, is designed to […]
Medtronic buys Aircraft Medical for $110m
Medtronic (NYSE:MDT) said today that it paid $110 million in cash to acquire video laryngoscope maker Aircraft Medical. Edinburgh-based Aircraft’s handheld McGrath laryngoscopes are designed to facilitate intubation by anesthesiologists and critical care providers, Medtronic said. “Aircraft Medical’s offerings complement our portfolio, helping us further our commitment to reducing incidents and potential complications from respiratory compromise globally. […]
Medtronic touts Endurant AAA graft 4-year data
Medtronic (NYSE:MDT) said today that 4-year real world data from a subset of patients with challenging anatomy implanted with the Endurant AAA stent graft system showed durable outcomes. The data was presented at the VEITHsymposium in New York City. At 4-years, no differences in IA endoleak rate or AAA diameter increases were found between subsets of […]
Medtronic wins FDA nod for app-based remote pacer monitor
Medtronic (NYSE:MDT) said today it won FDA premarket approval for its app-based MyCareLink Smart Monitor remote monitoring system for patients with implanted pacemakers. The Fridley, Minn.-based medical giant said the newly-cleared monitoring system is the world’s 1st app-based pacemaker remote monitor. The system allows patients to transmit data from their Medtronic pacers to physicians who can […]
Medtronic, Hansen to present clinical trial data at VEITHSymposium
Medtronic (NYSE:MDT) and Hansen Medical (NSDQ:HNSN) said they are slated to present new clinical information at this year’s annual VEITHSymposium in New York City. Medtronic said today it plans to present 4-year subset data results from the ENGAGE global registry study of its Endurant AAA stent graft system. The trial analyzed patients with hostile neck anatomies treated with […]
Medtronic, Sequoia Capital launch $60m China fund
Medtronic (NYSE:MDT) and venture capital firm Sequoia Capital reportedly launched a $60 million fund for medical technology investments in China. The fund aims to back both Chinese startups with the legs for global markets and companies outside China with products that could succeed there, according to the China Money Network. Suzhou-BioBay, a life sciences incubator, also […]
Mauna Kea looks to Medtronic, Stryker, others for help in commercializing Cellvizio
Mauna Kea (ENT:MKEA) founder & CEO Sacha Loiseau is looking to some of the biggest names in medtech for help in commercializing its Cellvizio device in the U.S. after winning 510(k) clearance from the FDA last month. Paris-based Mauna Kea could ink a deal by the end of the year that would allow it to speed Cellvizio to market […]