Life science current events this week include a MedCity News exclusive interview with Medtronic CEO Omar Ishrak, GSK's new drug marketing model, and the medical device industry in India.
Omar Ishrak’s global ambition for Medtronic (NYSE:MDT) includes two targets. First, it’s India: a nation Ishrak describes as the “biggest hole” in the Minnesota company’s global operations. Secondly, it’s the engineers and researchers overseas – especially in nations like China, India and South Korea – who will help shape local research and development strategies. That […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Medtronic (NYSE:MDT) intends to use health IT solutions to broaden the company’s historic focus from being a primarily therapy-oriented company and find ways to generate more revenue from existing patients using the company’s medical devices, CEO Omar Ishrak said. Those technologies can also help crack open new global markets where the company has to contend […]
Medtronic CEO Omar Ishrak sat down with MedCity News last week for a wide-ranging interview that touched on topics that included the Infuse controversy to healthcare reform to the future of underperforming businesses like Kyphon. Here are edited excerpts from that interview: Q. Your response to the Infuse controversy in having Yale review past clinical […]
In his debut earnings call with analysts Tuesday, Medtronic (NYSE:MDT) CEO Omar Ishrak repeatedly said that a singular focus on growth would be his top priority to transform the company whose operating results for the first fiscal quarter he described as “unsatisfactory.” Profits in the first fiscal quarter ended July 29 fell to $821 million […]
Perhaps we are all expecting a bit too much too quickly. A month ago new Medtronic (NYSE:MDT) CEO Omar Ishrak created a ripple in the world of healthcare social media when he launched a Twitter account and began to tweet for the first time. A month later, people expecting a river of tweets from @MedtronicCEO […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Omar Ishrak will begin his era at Medtronic Inc. (NYSE:MDT) by trying to boost the company’s sagging stock price, initiating a program to buyback some 75 million shares of MDT stock and increasing the cash dividend the company pays to shareholders by 8 percent. Medtronic has seen its share price drop by 11 percent since […]
By the time I post this @MedtronicCEO will likely be following many more people. But for now I am happy that Omar Ishrak, who has created quite a stir by tweeting on a new Medtronic CEO account, is following @medcitynews, my employer’s official Twitter account among 11 people he is following. Here are the 10 […]
Monday is a momentous day at medical device maker Medtronic. New CEO Syed Omar Ishrak starts at the company today. It’s only the second time in the Fridley, Minnesota company’s 62-year history that a complete outsider will take over the reins at the world’s largest medical device company. The last time around was in 1985, […]
A review of life science current events reported by MedCity News this week: Medtronic CEO is GE Healthcare executive Omar Ishrak… and the analysts are pleased. Analyst Adam Feinstein of Barclays Capital wrote in a research note that Ishrak is a “good choice” for multiple reasons. First and foremost, he represents a “fresh face at […]
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Wall Street analysts following Medtronic reacted positively to the company’s announcement of Omar Ishrak as its new chief executive to replace retiring Bill Hawkins. Ishrak comes to Fridley, Minnesota-based Medtronic from GE Healthcare Systems, where he was President and CEO. He has been with GE for 16 years. GE Healthcare Systems is the largest division of GE […]
Medtronic Inc. disclosed in a regulatory filing Tuesday that it is paying Omar Ishrak, the incoming chairman and CEO, a sign-on bonus of $650,000 and a base salary of $1.35 million to lead the Fridley, Minnesota-based company. Medtronic, which makes new innovative medical devices, said that it is also paying $50,000 to reimburse attorney’s fees that […]
Medtronic Inc. has lured away the President and CEO of GE Healthcare Systems Omar Ishrak to replace current Chairman and CEO Bill Hawkins, who is retiring. Come June 13, Ishrak will take over running the world’s largest medical device company, based in Fridley, Minnesota. GE Healthcare Systems is a $12 billion division of GE Healthcare […]