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 of the Minnesota medical device manufacturer tumbled more than 13 percent on an inspection report from the Food and Drug Administration which found that […]
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 lower court’s ruling in Edwards’ favor allowing that Medtronic had, in fact, willfully infringed on a single Edwards’ patent. It asked Medtronic to pay damages, […]
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) 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, chief financial officer Gary Ellis described the much-reviled tax as simply the cost of doing business. On Tuesday, Medtronic held its fiscal second-quarter earnings […]
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 surgery to replace diseased heart valves. The medical device manufacturer has received clearance for the 23 mm Portico TAVI valve and St. Jude Medical describes […]
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 patients. Now, two Wall Street analysts have taken widely contrasting stances related to Durata and the risk it poses for the Minnesota medical device maker. […]
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 about their experiences with the FDA’s 510(k) pathway, 64 percent said they were either “extremely dissatisfied” or “somewhat dissatisfied.” The survey was commissioned by […]
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.
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 sciences firm makes products used by hospitals and the medical research industry. The reason? Because the board is considering external candidates in its succession […]
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 hobbled under austerity measures, and clinical trials don’t reach end points? You lay off workers, and a few months later you cut some more. That […]
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 & Supports Division of San Diego-based DJO Global says the Exos casts and splints solve all those problems, and look more stylish too. The product is made […]
In a growing trend of retail strategies being employed in healthcare, HealthPartners, a Minnesota nonprofit healthcare provider and insurer announced Wednesday that it is opening a retail location to provide a convenient setting for seniors and individual buyers of health insurance. The location at the Ridgedale Center mall in Minnetonka will be staffed by licensed agents. […]
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
We have to thank Charles Hull for inventing 3-D printing back in 1984. Now, applications of 3-D printing are seen in many industries: aerospace, automotive, consumer and military. In the medical and healthcare worlds, 3-D printing applications are both edifying and mystifying. Take the case of toddler Emma Lavelle, who didn’t have the function of […]
Just more than two weeks after announcing its first Chinese acquisition, medical device maker Medtronic (NYSE:MDT) is doubling down on its China strategy with a new transaction. The company announced Monday that it is taking a 19 percent equity stake in cardiovascular device maker Lifetech Scientific Corp., worth $46.6 million, and will also buy a $19.6 […]
Arrianne Hoyland, 33, likely didn’t imagine that her passion for video games would one day find an outlet in her profession. And yet that is exactly what happened at her corporate IT job at health insurance company UnitedHealth Group. Hoyland, 33, went from being a business analyst helping to establish a claims adjudication system to […]
UnitedHealth Group (NYSE:UNH), the largest health insurance company in the U.S., announced Monday that it is buying 90 percent of Brazilian insurer Amil Participacoes S.A. for $4.9 billion in cash. The move underscores the importance of emerging markets to the growth prospects of health insurers. While UnitedHealth is buying most of the company, Amil’s founder and […]
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 a hospital in conjunction with a clinical trial. The division, formed with the acquisition of Ablation Frontiers and CryoCath Technologies, is now part of the […]