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Topic: MDT

Medtronic’s Ishrak crystalizes new place in healthcare: We’re not a medical device provider

Medtronic’s Ishrak crystalizes new place in healthcare: We’re not a medical device provider

April 8, 2013 5:50 pm by | 3 Comments

Medtronic CEO Omar Ishrak summed up the changes underway at medical device companies like his in a few succinct minutes on Monday at the World Health Care Congress in Washington, ... Read more
Stryker mimics Medtronic in move to buy Chinese orthopedics maker for $764M

Stryker mimics Medtronic in move to buy Chinese orthopedics maker for $764M

January 17, 2013 2:45 pm by | 0 Comments

They say imitation is the best form of flattery.In announcing that it was buying Chinese orthopedics company Trauson Holdings Company Limited, Kalamazoo, Michigan-based Stryker (NYSE:SYK) is following in the footsteps ... Read more
The cost of Medtronic’s battle with Edwards Lifesciences over TAVI: $245M, so far

The cost of Medtronic’s battle with Edwards Lifesciences over TAVI: $245M, so far

November 20, 2012 11:48 am by | 0 Comments

Medtronic’s(NYSE:MDT) legal battle with Edwards Lifesciences over patent infringement and its transcatheter aortic valve products has been going on for years and last week a federal appeals court affirmed a ... Read more
“We like to focus on things we can control” — Medtronic CEO on device tax repeal

“We like to focus on things we can control” — Medtronic CEO on device tax repeal

November 20, 2012 10:32 am by | 0 Comments

Medtronic (NYSE:MDT) has previously estimated that its share of the 2.3 percent medical device tax payable to the federal government is between $125 million to $175 million annually.At the time, ... Read more
FDA approves Medtronic pediatric medical device for cardiac surgeries

FDA approves Medtronic pediatric medical device for cardiac surgeries

October 26, 2012 9:02 am by | 0 Comments

Medtronic, Inc. (NYSE: MDT) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the first U.S. clinical use of its new Affinity Pixie^ Oxygenation System. The system allows ... Read more
Scheduling software makes life of some Medtronic field clinical engineers a breeze

Scheduling software makes life of some Medtronic field clinical engineers a breeze

October 8, 2012 9:23 am by | 0 Comments

The AF Solutions business within Medtronic(NYSE:MDT) is a small one and its field clinical engineers are responsible for flying across the country any time a product is being used in ... Read more
Medtronic buys orthopedics company Kanghui for $755 million in first Chinese acquisition

Medtronic buys orthopedics company Kanghui for $755 million in first Chinese acquisition

September 27, 2012 10:22 pm by | 0 Comments

Medtronic (NYSE:MDT) announced late Thursday that it is buying a Chinese orthopedics company, marking the company’s first acquisition in that populous Asian nation.The Minnesota medical device maker said that it ... Read more
Medtronic turns eye to India with new board member and $6 million grant

Medtronic turns eye to India with new board member and $6 million grant

September 24, 2012 3:03 pm by | 0 Comments

Last year, Medtronic CEO Omar Ishrak described India as the “biggest hole” in Medtronic’s global operations.Last week, the medical device maker named Preetha Reddy, managing director of Apollo Hospitals Enterprise ... Read more
Medtronic opens Shanghai Innovation Center to do local research and development

Medtronic opens Shanghai Innovation Center to do local research and development

August 28, 2012 3:17 pm by | 0 Comments

Medtronic (NYSE:MDT) has opened an R&D center — Shanghai Innovation Center — the first outside the U.S. and Europe.The move represents the company’s initial step in creating local product research ... Read more
FDA, European regulators approve Medtronic’s product to treat irregular heartbeat

FDA, European regulators approve Medtronic’s product to treat irregular heartbeat

August 24, 2012 11:27 am by | 0 Comments

Medtronic (NYSE:MDT) announced Friday that it has received the expected nods from U.S. and European regulators for the Arctic Front Advance Cardiac Cryoballoon to treat paroxymal atrial fibrillation.Paroxymal atrial fibrillation is ... Read more
Medtronic’s struggling ICD and Spine businesses show signs of real improvement

Medtronic’s struggling ICD and Spine businesses show signs of real improvement

August 21, 2012 3:14 pm by | 0 Comments

Two of Medtronic’s largest markets that have been struggling for quite some time were the very ones to show some improvement in the company’s first fiscal quarter earnings that it ... Read more
Medtronic CEO blames poor execution for missing emerging market growth target

Medtronic CEO blames poor execution for missing emerging market growth target

August 21, 2012 10:38 am by | 0 Comments

Emerging markets are a priority for Medtronic CEO Omar Ishrak who has talked about how he expects the medical device company to garner 20 percent and higher growth in revenue ... Read more
Medtronic’s China strategy involves a shopping spree. Are these firms targets?

Medtronic’s China strategy involves a shopping spree. Are these firms targets?

August 14, 2012 1:39 pm by | 0 Comments

Last week, a Chinese publication quoted a Medtronic (NYSE:MDT) executive based in China as saying that M&A is a preferred route to augment the medical device company’s presence in the ... Read more
Covidien executive echoes Medtronic CEO Omar Ishrak in describing fundamental shifts in healthcare

Covidien executive echoes Medtronic CEO Omar Ishrak in describing fundamental shifts in healthcare

August 10, 2012 1:43 pm by | 0 Comments

In talking about the medical device industry’s role in the rapidly shifting healthcare industry, the president of Covidien’s Global Vascular Therapies business sounded a lot like Medtronic CEO Omar Ishrak.“We ... Read more
Is Medtronic investing in the “largest Indian medical technology company”?

Is Medtronic investing in the “largest Indian medical technology company”?

July 20, 2012 5:12 pm by | 0 Comments

A respected Indian business publication is reporting that Medtronic is negotiating with an Indian medical technology company to make a strategic investment in it.The company, Trivitron Healthcare, bills itself as ... Read more