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stjudemedical

Investors seek class action status in lawsuit over St. Jude implantable defib batteries

September 20, 2017 By Fink Densford

Abbott (NYSE:ABT) is facing an investor suit from an Alaskan union-benefits fund over allegations that St. Jude Medical, which it closed its acquisition of in January, failed to notify regulators about defective lithium batteries in its implantable defibrillators. In the lawsuit, plaintiffs allege that St. Jude was informed of the battery defect “as early as 2011”, […]

Filed Under: Cardiac Implants, Cardiovascular, Legal News, Structural Heart Tagged With: Abbott, stjudemedical

Ex-broker pleads not guilty in insider trading case involving Abbott, St. Jude merger

September 6, 2017 By Fink Densford

A Morgan Stanley broker pleaded not guilty to charges that he engaged in insider trading in deals including Abbott‘s (NYSE:ABT) $25 billion acquisition of St. Jude Medical, according to an Investment News report. Defendant Michael Siva entered a plea on Tuesday in New York, with a 3-week trial slated to begin Sept. 2018. Siva was allegedly involved […]

Filed Under: Legal News Tagged With: Abbott, stjudemedical

Abbott upgrades St. Jude Medical cardiac devices

August 29, 2017 By Brad Perriello

Abbott (NYSE:ABT) said today that it’s upgrading the implantable pacemakers and defibrillators it acquired when it paid $25 billion for St. Jude Medical earlier this year, seeking to move beyond battery and cybersecurity issues that haver plagued it for a year. Last October St. Jude warned of a battery issue that could disable its high-voltage cardiac rhythm management devices, […]

Filed Under: Cardiovascular, Wall Street Beat Tagged With: Abbott, Cardiac Rhythm Management, Cybersecurity, stjudemedical

Abbott’s St. Jude Medical can’t escape Riata lead lawsuit

August 25, 2017 By Brad Perriello

Abbott (NYSE:ABT) subsidiary St. Jude Medical can’t escape a product liability lawsuit brought over its recalled Riata defibrillator leads, a federal judge in California ruled this week. St. Jude pulled the silicone-coated Riata and Riata ST leads in 2010 after finding that some of the internal conductors had worn through their insulation, a failure that […]

Filed Under: Legal News, Recalls, Wall Street Beat Tagged With: Cardiac Rhythm Management, stjudemedical

Alleged $5m insider trading ring included Abbott, St. Jude Medical acquisition

August 17, 2017 By Fink Densford

US authorities yesterday announced a slew of insider trading charges accusing 7 individuals of creating more than $5 million in profit based on tips from a Bank of America employee on pending corporate transactions, including Abbott‘s (NYSE:ABT) $25 billion acquisition of St. Jude Medical. Both the alleged tipper, Daniel Rivas, and James Moodhe, father of […]

Filed Under: Business/Financial News, Legal News Tagged With: Abbott, stjudemedical

Zimmer Biomet prez, CEO Dvorak unexpectedly resigns | Personnel Moves, July 12, 2017

July 12, 2017 By Fink Densford

Zimmer Biomet (NYSE:ZBH) said late yesterday its prez and CEO David Dvorak has resigned from his position at the head of the company, effective immediately, to be replaced on an interim basis by senior VP and CFO Daniel Florin until a permanent successor is named. The Warsaw, Ind.-based company said it is retaining “a leading executive search […]

Filed Under: Business/Financial News Tagged With: Abiomed, Accuray Inc., Amendia, Boston Scientific, C.R. Bard, Cochlear Ltd., conformis, GE Healthcare, InVivo Corp., IsoRay, Johnson and Johnson, Lidco, Lumicell, Neurometrix, Philips, portal instruments, RenalGuard Solutions, Sanofi-Aventis, Spinal Elements, stjudemedical, Stryker, TherOx Inc, Zimmer Biomet

Medical device makers look to slip lawsuits on Supreme Court ruling

July 5, 2017 By Brad Perriello

A trio of medical device makers are looking to slip patent infringement and product liability lawsuits based on recent U.S. Supreme Court rulings governing out-of-state lawsuits. In TC Heartland v. Kraft Foods Group Brands, the Supremes limited the ability of patent holders to sue in other states. Kraft sued TC Heartland in its incorporated state of Delaware […]

Filed Under: Legal News, Patent Infringement Tagged With: Abbott, Boston Scientific, Ethicon, Johnson and Johnson, Personal Injury, stjudemedical

Medtech M&A: The 10 biggest deals so far in 2017

June 29, 2017 By Fink Densford

Over the past several years, the healthcare industry as a whole has experienced an abundance of mergers and acquisitions – major players are buying up their peers in deals ranging from millions to billions.  The trend is continuing, and the healthcare playing field continues to be shaped by these mega-transactions. For the medical device industry, […]

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Filed Under: Blog, Business/Financial News, Mergers & Acquisitions Tagged With: Abbott, becton dickinson, Boston Scientific, C.R. Bard, Cardinal Health, Codman Neuro, Cynosure Inc., Edwards Lifesciences, Hologic, Integra LifeSciences, Johnson and Johnson, Medtronic, Novadaq, stjudemedical, Stryker, Symetis, Teleflex, Valtech Cardio, vascularsolutions

Boston Scientific, St. Jude Medical must face University of California patent suits

June 1, 2017 By Brad Perriello

Boston Scientific (NYSE:BSX) and Abbott (NYSE:ABT) subsidiary St. Jude Medical must face lawsuits brought by the University of California alleging that their ablation catheters infringe a pair of patents covering atrial fibrillation treatments. The university’s regents sued the companies last October (a similar suit was brought against AtriCure (NSDQ:ATRC) the next month, according to court documents), accusing the companies […]

Filed Under: Catheters, Legal News, Patent Infringement Tagged With: Abbott, Boston Scientific, Cardiac Rhythm Management, stjudemedical, University of California San Diego

Medtronic looks to settle TAVR patent spat with doc inventor

May 16, 2017 By Brad Perriello

Medtronic (NYSE:MDT) is looking to settle a patent infringement dispute over transcatheter aortic valve replacements with a doctor who sued the company and cross-town rival St. Jude Medical (NYSE:STJ), which last week lost its bid to have the case dismissed. Dr. Robert Snyder, founder of Snyders Heart Valve, filed suits last year in the U.S. District […]

Filed Under: Legal News, Patent Infringement, Replacement Heart Valves Tagged With: Medtronic, Snyder Heart Valve, stjudemedical

HRS 2017 Roundup: Study pinpoints battery issue in Abbott’s Nanostim leadless pacer

May 15, 2017 By Brad Perriello

A study of the Nanostim leadless pacemaker made by Abbott’s St. Jude Medical subsidiary pinpoints the cause of a battery depletion issue A study of the Nanostim leadless pacemaker Abbott acquired this year when it bought St. Jude Medical, presented last week at the annual Heart Rhythm Society conference, found that a battery depletion problem […]

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Filed Under: Cardiovascular, Clinical Trials Tagged With: Abbott, Cardiac Rhythm Management, stjudemedical

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