Does Medtronic have a responsibility to the health of Minnesota workers?

Featured Story

Does Medtronic have a responsibility to the health of Minnesota workers?

August 30, 2013 9:01 am by | 0 Comments

Earlier this week, Cretex union concrete laborers took their strike to the Minnesota State Fair. There, they again asked Minnesotans to appeal to the state’s famous medical devices giant Medtronic…


Versant Ventures seeks $250M for next medtech venture capital fund

Versant Ventures seeks $250M for next medtech venture capital fund

October 23, 2013 5:13 pm by | 0 Comments

Though lots of venture capital for medtech has evaporated, Versant Ventures now seeks $250 million for its fifth medtech fund. The venture capital firm, which has strong presence in biotech…


Medtronic’s classy, tempered response to local Minnesota labor issue

Medtronic’s classy, tempered response to local Minnesota labor issue

September 16, 2013 2:01 pm by | 0 Comments

Medtronic‘s CEO Omar Ishrak has advised Cretex, one of its suppliers, and the labor group striking the company, Local 563, to “negotiate in good faith.” At the end of August,…



A boyscout + Worrell work together to design a musical medical device

A boyscout + Worrell work together to design a musical medical device

August 22, 2013 12:37 pm by | 0 Comments

Eagle Scout Mason Stoltz unveiled a new medical device at Children’s Hospital earlier this week: a music therapy cart. Working with the hospital and Twin Cities industrial design firm Worrell,…


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,…


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,…


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…


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…



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…


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, “The cumulative impact of pipeline disappointments, communication missteps and FD…


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…


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…


“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…


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…


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…


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…