The raging mergers & acquisitions market in medtech is responsible for expanding personnel bases at large medical device companies, according to a report from EP Vantage. The market analysis firm analyzed growth across the medtech sector and reported that none of the top 15 medtech companies, chosen by market capitalization, had seen a net decrease in personnel over the […]
Medtronic
NBA Star Kevin Durant says he was treated with Medtronic Infuse graft for foot break
NBA star Kevin Durant revealed that he underwent a foot procedure that used Medtronic‘s (NYSE:MDT) Infuse Bone Graft, according to a BleacherReport article. The Oklahoma City Thunder forward “used a controversial bone-graft material that is not FDA approved for use in the foot” to promote growth, according to the article, which later indicates the star’s procedure […]
Study: Edwards’ Sapien and Medtronic’s CoreValve outcomes are similar
A new study published in the Journal of the American College of Cardiology found that patients treated with Edwards Lifesciences‘s (NYSE:EW) and Medtronic‘s (NYSE:MDT) CoreValve showed similar results after 1 year. The 241-patient trial examined high-risk patients with symptomatic severe aortic stenosis 1 year after being treated with either Edwards’s Sapien balloon expanding or Medtronic’ self-expanding […]
Medtronic provides the lone bright spot for IntriCon’s Q2
IntriCon (NSDQ:IIN) this week said that its 2nd-quarter sales and earnings were off, except for an 8% increase in its medical business revenues largely credited to Medtronic (NYSE:MDT), the body-worn sensor company’s largest customer. Arden Hills, Minn.-based IntriCon posted profits of $506,000, or 8¢ per share, on sales of $17.1 million for the 3 months ended […]
Medtronic recalls some EnVeo R TAVI loading systems
UPDATED August 7, 2015, with comment from Medtronic. Medtronic (NYSE:MDT) is recalling some 6,900 EnVeo R loading systems for its CoreValve Evolut R replacement heart valve, after particulate matter turned up in some lots. The FDA gave the 6,912-unit recall Class I status, denoting a problem that could lead to serious injury or death. Fridley, Minn.-based […]
PAD: Medtronic launches Entrust delivery device
Medtronic (NYSE:MDT) said today it launched the Entrust delivery system in the U.S., designed to work with the company’s EverFlex self-expanding peripheral stent for treating peripheral arterial disease. The system allows operating physicians to maintain a low profile while deploying the stent to re-open stenotic regions in the superficial femoral and proximal popliteal arteries that supply blood […]
TAVI: Study finds low stroke rates with Medtronic’s CoreValve
A clinical study of nearly 1,000 patients implanted with Medtronic‘s (NYSE:MDT) CoreValve replacement heart valve found a low rate of stroke out to 2 years. The study, published last month in the Journal of the American College of Cardiology, evaluated patients for neurological events over 3 periods after the procedure to implant the CoreValve transcatheter aortic […]
Covidien wants Supreme Court to hear appeal in $177m patent spat with Ethicon
Medtronic‘s (NYSE:MDT) Covidien subsidiary wants the U.S. Supreme Court to hear its appeal in a patent infringement case against Johnson & Johnson‘s (NYSE:JNJ) Ethicon Endo-Surgery unit over surgical shears. In December 2014 the U.S. Court of Appeals for the Federal Circuit overturned a decision granting a $177 million award to Covidien in the U.S. District Court for Connecticut, where Judge Janet Bond […]
UPDATE: Medtronic warns on potential MiniMed pump glitch
Medtronic (NYSE:MDT) is informing customers with a select number of its MiniMed 620G and 640G insulin pumps of an issue with the Bolus screen displaying a bolus amount that is not up to date, according to an FDA report filed last week. Medtronic began notifying customers with the devices on June 19, informing them of an error with […]
Medtronic can’t shake spine surgeon’s patent suit
Medtronic (NYSE:MDT) can’t shake an infringement lawsuit brought by a Nevada spine surgeon over patents covering the scoliosis treatment he created, but won’t be subject to pre-case damages on all of the patents, a federal judge ruled last week. Dr. Mark Barry sued in February 2014, alleging that Medtronic’s CD Horizon Legacy spinal system infringes the patents, all entitled “System […]
Medtronic asks Supremes to review loss to NuVasive
Medtronic (NYSE:MDT) this month asked the U.S. Supreme Court to review an appeals court’s decision upholding a patent infringement win for longtime spinal implant rival NuVasive Inc. (NSDQ:NUVA). In April, the U.S. Court of Appeals for the Federal Circuit upheld without comment a U.S. Patent & Trademark Office decision that a NuVasive patent is valid. Medtronic had argued that the […]