Medtronic (NYSE:MDT) said today it is launching a $1.2 billion share and debt buyback effort, looking to redeem the full amount over the course of its 2019 fiscal year. The Fridley, Minn.-based company said it expects to redeem $400 million in 5.6% senior notes due 2019 and $765.6 million in 4.45% senior notes due 2020, which a […]
Medtronic
Minor orthopedic implant market to be worth $2.2 billion by 2021, analysts say
The minor orthopedic replacement implant market will grow from $1.5 billion in 2017 to $2.2 billion in 2021, according to analysts from The Business Research Co.. The company’s Minor Orthopedic Replacement Implants report said the industry will experience an annual growth rate of over 7%, driven by a higher rate of arthritis and fractures. Osteoarthritis […]
Medtronic touts reduced AF, improved activity in AdaptivCRT studies
Medtronic (NYSE:MDT) today released results from two real-world analyses of its AdaptivCRT algorithm, touting that its use was linked to a reduction in atrial fibrillation episodes and higher patient activity levels. Results from the analyses, which involved a total of 408 patients at 26 centers in Italy, were presented at the European Heart Rhythm Association’s Scientific Sessions […]
Zimmer Biomet picks ex-Covidien exec Lannum for IR chief | Personnel Moves – March 20, 2018
Zimmer Biomet (NYSE:ZBH) said yesterday it tapped former Covidien investor relations head Coleman Lannum as its investor relations senior VP, reporting directly to prez & CEO Bryan Hanson. Lannum has more than 15 years in investor relations, having held positions with Mallinckrodt Pharmaceuticals (NYSE:MNK), Covidien and Tyco Healthcare. During his time with Covidien, Lannum oversaw the company’s initial […]
Medtronic’s HeartWare can’t slip investors class action over failed MVAD trial
A federal judge in New York City last week shot down a bid by Medtronic subsidiary HeartWare to dismiss a class-action lawsuit brought over a failed trial of its MVAD implantable heart pump. Framingham, Mass.-based HeartWare in July 2015 launched a clinical trial aimed at winning CE Mark approval in the European Union for the next-generation […]
Medtronic touts one-year data on Arctic Front Advance cryoballoon
Medtronic (NYSE:MDT) today touted results from a clinical trial of its Arctic Front Advance cryoballoon for treating atrial fibrillation. Results from the 130-patient Cryo4Persistent AF trial, presented at the annual meeting of the European Heart Rhythm Assn. in Barcelona, is an open-label, single-arm study with a primary outcome of single-procedure success at 12 months. Single-procedure success […]
Appeals court upholds patent ruling for Smith & Nephew
The U.S. Court of Appeals for the Federal Circuit this week upheld a Smith & Nephew (NYSE:SNN) patent in a spat between the company and Hologic (NSDQ:HOLX). The patent relates to endoscope technology used for the removal of uterine tissue, and is owned by both Smith & Nephew and Medtronic (NYSE:MDT) subsidiary Covidien, according to court documents. The […]
Invuity prez & CEO Sawyer steps down, Flora in as interim | Personnel Moves – March 13, 2018
Invuity (NSDQ:IVTY) said late last week that its president and chief executive officer Philip Sawyer has resigned and will be replaced by board member Scott Flora on an interim basis. Flora has served as a member of the board since last November, and has held positions as prez, CEO and director of Omniguide. He has also held […]
Medtronic wins FDA nod for connected, predictive CGM system
Medtronic (NYSE:MDT) said today that its Guardian Connect continuous glucose monitoring system won FDA approval for people with diabetes ages 14 to 75. The medtech titan touted its system as the first connected standalone CGM designed to help people with diabetes avoid high and low glucose events. Get the full story at our sister site, Drug […]
Magistrate judge recommends dismissal of inventor doc’s suit against Abbott’s St. Jude Medical
A federal magistrate judge in Texas last week recommended dismissal for a lawsuit brought by a physician inventor against Abbott (NYSE:ABT) subsidiarySt. Jude Medical over transcatheter valve replacement technology. Dr. Robert Snyder, founder of Snyders Heart Valve, filed suits two years ago in the U.S. District Court for Eastern Texas, claiming that both St. Jude and cross-town rival […]
ACC ’18 Roundup: Abbott releases long-term HeartMate 3 data
Abbott (NYSE:ABT) touted two-year data yesterday from its trial designed to compare the company’s HeartMate 3 left ventricular assist device to its HeartMate 2 device in patients with advanced heart failure. Data from the study were published in The New England Journal of Medicine and presented at the American College of Cardiology’s 67th Annual Scientific Session. More […]