Company

Medtronic


Medtronic posts strong earnings, but guidance dropped due to shaky sales

Top Stories | Tuesday, August 24 2010
Medtronic’s financial results for its first quarter of fiscal year 2011, which ended July 30, revealed a double-digit increase in net earnings, despite a slight drop in revenues.
 

Medtronic to acquire Osteotech for approx. $123M

Mergers & Acquisitions | Wednesday, August 18 2010
Medical technology companies Medtronic and Osteotech have entered into a definitive agreement for Medtronic to acquire Osteotech for $6.50 per share in cash for each share of Osteotech common stock. The total value of the transaction is expected to be approximately $123 million.
 

Kalorama: 7% market growth expected for healthcare handheld devices

Industry News | Thursday, July 01 2010
Handheld device sales for healthcare use reached $8.2 billion globally in 2009 and are expected to increase 7 percent for the next five years as physicians and hospitals purchase new IT systems, according to a report from healthcare market research publisher Kalorama Information.
 

Strong CV sales propels Medtronic in Q4, FY10

Top Stories | Wednesday, May 26 2010
Medtronic has reported impressive financial results for its 2010 fourth quarter and fiscal year, which ended April 30.
 

FDA clears Medtronic's MRI for neurosurgery

Regulatory News | Tuesday, April 27 2010
The FDA has granted 510(k) clearance for Medtronic’s PoleStar N30 Surgical MRI system for neuro-oncology surgical procedures. The company simultaneously launched the imaging system.
 

AANS: Spine surgeons face chronic radiation dangers

Conference News | Monday, April 26 2010
By not wearing appropriate radiation protection, spine surgeons performing high volumes of cases could approach the annual cumulative exposure limit of 5 Rem to the thyroid or torso, according to research to be presented during the America Association of Neurological Surgeons (AANS) annual conference, May 1-5 in Philadelphia.
 

FDA panel gives unanimous thumbs up to Medtronic’s MRI pacing system

Top Stories | Sunday, March 21 2010
The FDA’s Circulatory System Devices Panel of the Medical Devices Advisory Committee has voted unanimously in favor of approving with conditions Medtronic’s Revo MRI SureScan pacing system designed as MR conditional, or safe for use in MRI systems under specified conditions.
 

ACC: With use of proper protocols, MRI may be safe for patients with ICDs

Conference News | Tuesday, March 16 2010
Written by Kaitlyn Dmyterko
ATLANTA—For patients with implanted cardiac devices, MRI has never been a viable way to obtain diagnostic tests due to device contraindications and risks. However, new research has found that MRI testing in this patient population can be performed at little or no risk, Robert H. Helm, MD, from Boston Medical Center, said during a presentation at the American College of Cardiology (ACC) scientific sessions on Monday.
 

Medtronic, Vital Images unveil aortic aneurysm imaging service

Partnerships & Alliances | Friday, November 20 2009
Medtronic is partnering with Vital Images to provide imaging and advanced visualization services for endovascular specialists who use Medtronic's portfolio of stent grafts to treat aortic aneurysms.
 

Medtronic settles stent patent suit with Abbott to the tune of $400M

Top Stories | Monday, July 27 2009
Abbott today settled all outstanding intellectual property litigation with Medtronic. Under the terms of the settlement, Medtronic will pay Abbott $400 million and $42 million to evYsio Medical Devices, based in Vancouver, British Columbia.


 

Medtronic receives CE Mark for updated MRI pacemaker

Regulatory News | Monday, June 22 2009
Medtronic has received the European CE Mark for its second-generation pacemaker for use with MRI machines, the Advisa DR MRI SureScan pacing system.
 

Medtronic to cut 1,500-1,800 jobs

Industry News | Wednesday, May 20 2009
Medtronic plans to reduce its global work force by 1,500 to 1,800 employees, in an effort to further align the company with its long-term growth outlook.
 

HRS: Patients with new pacemaker system can safely undergo MRI

Conference News | Friday, May 15 2009
BOSTON--In the MRI environment under specific guidelines, a new pacemaker system facilitates access to this diagnostic imaging technique with no evidence of clinical (bradycardia or tachycardia), subclinical (pacemaker performance) or technical (pacemaker or lead damage) deficits in patients, according to a late-breaking clinical pivotal trial presented May 14 at the 2009 meeting of the Heart Rhythm Society (HRS).
 

Medtronic urges CMS to cover MRI-safe pacemakers

Industry News | Wednesday, March 18 2009
Medtronic has requested that the Centers for Medicare & Medicaid Services (CMS) revise national coverage determination for cardiac pacemakers to include coverage for devices that have been designed, tested and FDA labeled for use in the MRI environment.
 

Supreme Court rules against pharma in pre-emption case

Top Stories | Wednesday, March 04 2009
In a surprise decision, the Supreme Court ruled 6-3 today that Vermont resident, Diana Levine, can sue Wyeth for injuries she suffered after she was administered one of the company's FDA-approved drugs.
 

Medtronic to expand heart valve portfolio with $1B in acquisitions

Tuesday, February 24 2009
Medtronic today acquired Ventor Technologies, a developer of transcatheter heart valve technologies for the treatment of aortic valve disease, for a payment of $325 million. The company also signed a definitive agreement today to acquire CoreValve for $700 million, plus additional payments contingent upon the achievement of agreed milestones.
 

Medtronic shows profit gains in Q3

Financial News | Tuesday, February 17 2009
Medtronic reported strong growth in profits for the medical device manufacturer's fiscal 2009 third quarter, which ended Jan. 23.
 

Dust settles on Bos Sci, Medtronic interventional litigations

Industry News | Thursday, January 29 2009
Boston Scientific and Medtronic have settled two lawsuits and signed an agreement to stand down in three others, which will stop all current litigation between the two companies in the fields of interventional cardiology and endovascular repair.
 

Stent vs. Graft: Choosing the Best Path for the Diabetic Patient with Multivessel Disease

Features | Friday, January 09 2009
The prevailing notion is that bypass surgery is superior to stenting in patients with diabetes. The truth, however, is more complicated, as the decision-makers learn to examine the individual pathologies in lieu of standardization. Often, this process is more art than science in taking into account all of the parameters of a patient’s disease.
 

Advanced viz aids coronary stent fracture detection

Clinical Studies | Wednesday, December 10 2008
 
The use of advanced visualization software enables the utilization of coronary CT angiography (CCTA) to accurately depict stent fractures in patients that are not clearly depicted by conventional angiography, according to a study published in the December issue of Radiology.
 
Web Exclusives

Feature: U.S. needs national strategy to curb imaging overutilization

Medical imaging overutilization--a growing concern in the U.S.--exposes patients to unnecessary radiation, while also adding to rising healthcare costs, according to a study published online Aug. 24 in Radiology. In an interview, William R. Hendee, PhD, lead author, reviewed various methods by which medical imaging could be curtailed.

Radiology: Prelim study shows CE breast CT outperforms CT, mammo

Dedicated contrast-enhanced (CE) breast CT delivered significantly improved conspicuity of malignant breast lesions, including ductal carcinoma in situ (DCIS), compared with unenhanced breast CT and mammography, according to a study published in the September issue of Radiology.

Radiology: Rad role may evolve as image-guided biopsies trend up

CT, ultrasound and MRI have helped shift biopsy techniques away from more invasive approaches toward image-guided percutaneous techniques, according to a study published in the September issue of Radiology. The trend toward less-invasive approaches translates into enhanced safety and efficiency and could lead to more interaction between patients and radiologists.

CMS Webinar: Incentive payments to offset EHR adoption, not reimburse

The Centers for Medicare & Medicaid Services’ (CMS) EHR incentive payments are not considered reimbursement for money expended on EHR technology, but are intended to offset the cost associated with adoption and ongoing meaningful use, according to CMS during an Aug. 12 webinar.

CMS webinar: Eligible professionals can expect EHR incentives in 2011

Funding incentives for EHR use is the main goal of the Centers for Medicare & Medicaid Services' (CMS) meaningful use initiative, and there are incentive programs for both hospitals and eligible professionals, according to Elizabeth Holland, health insurance specialist at the Department of Health and Human Services, who spoke during a CMS-sponsored webinar Aug. 8.

Webinar: Stage 1 of meaningful use is for quality reporting acclimation

Stage 1 requirements for meaningful use incentives aim to strike a balance between the overall goal of EHR use and widespread adoption, while avoiding added work, said Jonathan Teich, MD, PhD, chief medical informatics officer at Elsevier Health Services, during a HIMSS webinar titled “Meaningful Use: Safety and Quality of Care.”

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