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Topic: Twin Cities

Converts, cash in short supply to support crowdfunding for medical device companies (video)

Converts, cash in short supply to support crowdfunding for medical device companies (video)

April 30, 2013 9:30 am by | 0 Comments

The medical device sector is ravenous for fresh capital. But they’re not desperate enough to trust crowdfunding.That was confirmed at this week’s 10x Medical Device Conference in Minneapolis, Minnesota, during ... Read more
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
Mayo Clinic adds Twin Cities-based Shriners Hospitals to its network

Mayo Clinic adds Twin Cities-based Shriners Hospitals to its network

March 28, 2013 3:30 am by | 0 Comments

The Shriners Hospitals for Children-Twin Cities is now a part of the Mayo Clinic Care Network -- a partnership that doesn't involve any changes in ownership but gives Shriners easy ... Read more
Advice for medical technology firms looking to raise capital: Go East

Advice for medical technology firms looking to raise capital: Go East

January 30, 2013 3:08 pm by | 1 Comments

Last month I interviewed the CEO of Minnesota medical device start-up Mardil Medical who did not quit when he couldn’t raise capital in the U.S.Jim Buck thought well, if U.S. ... Read more
Minnesota Health IT start-up providing MRI quality assurance software seeks $5M

Minnesota Health IT start-up providing MRI quality assurance software seeks $5M

November 23, 2012 12:59 pm by | 0 Comments

Minnesota start-up OnPoint Medical Diagnostics, which has been seeking $5 million for more than a year, has now managed to raise $958,800, according to a recent amended regulatory filing.The company ... Read more
Durata problems sharpen Bank of America’s view on St. Jude Medical, mantains ‘Buy’

Durata problems sharpen Bank of America’s view on St. Jude Medical, mantains ‘Buy’

November 23, 2012 9:10 am by | 0 Comments

Bank of America reiterated its Buy rating and $43 price objective on St Jude Medical (NYSE: STJ) as it updated its stance on shares based on Durata.Bank of America said, ... Read more
One the eve of Thanksgiving, St. Jude Medical finds not much to be thankful for

One the eve of Thanksgiving, St. Jude Medical finds not much to be thankful for

November 21, 2012 6:22 pm by | 0 Comments

If St. Jude Medical (NYSE:STJ) executives were hoping for some respite from a slew of bad news during Thanksgiving, they did not get it.Reuters reported earlier Wednesday afternoon that shares ... 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
St. Jude Medical’s Portico TAVI heart valve wins CE Mark

St. Jude Medical’s Portico TAVI heart valve wins CE Mark

November 19, 2012 3:27 pm by | 0 Comments

St. Jude Medical (NYSE:STJ) announced Monday that it has received CE Mark for its Portico transcatheter aortic valve system for patients who are deemed too sick to undergo open heart ... Read more
2 analysts have polar opposite views of St. Jude Medical’s Durata ICD lead

2 analysts have polar opposite views of St. Jude Medical’s Durata ICD lead

November 12, 2012 3:03 pm by | 2 Comments

St. Jude Medical (NYSE:STJ) has long asserted that its Durata ICD lead, irrespective of the fact that it is similar in design to the defective Riata leads, is safe for ... Read more
Small study: 64% of device makers dissatisfied with 510(k) process

Small study: 64% of device makers dissatisfied with 510(k) process

November 12, 2012 12:27 pm by | 0 Comments

A small study of device makers has found that most companies are dissatisfied with the U.S. Food and Drug Administration’s 510(k) process.Out of 128 survey respondents who answered a question ... Read more
Biotech CEO resigns in huff over board decision to consider outsiders to succeed him

Biotech CEO resigns in huff over board decision to consider outsiders to succeed him

November 5, 2012 4:05 pm by | 0 Comments

Could this only happen in Minnesota?The 71-year-old CEO of Techne Corp(NASDAQ GS: TECH)has abruptly resigned his position as the top executive and chairman of the board. The public, Minneapolis-based life ... Read more
Caught in a bind, some its own doing, some not, St. Jude Medical cuts another 500 workers

Caught in a bind, some its own doing, some not, St. Jude Medical cuts another 500 workers

November 2, 2012 12:44 pm by | 2 Comments

What do you do when the biggest market you play in continues to be weak, hospitals are buying less of your products, Europe, which used to be reliable, is now ... Read more
Heat it! Mold it! Reshape it! San Diego firm aims to reform the world of casts/splints

Heat it! Mold it! Reshape it! San Diego firm aims to reform the world of casts/splints

October 29, 2012 8:34 am by | 0 Comments

Casts and splints haven’t changed much since they were first used to treat fractures: uncomfortable to wear, hard to shape, and incompatible with water.Steve Ingel, president of the Bracing & ... Read more