International Business News - Medtronic http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The U.S. Department of Justice has sent a subpoena to medical device maker Medtronic Inc. as part of an investigation into unapproved, or "off-label," uses of its Infuse spinal graft. http://www.ibtimes.com/articles/20081119/us-justice-department-sends-medtronic-subpoena.htm Wed, 19 Nov 2008 18:04:46 EST Wall Street mostly brushed off Medtronic Inc.'s fiscal 2009 second-quarter profit decline Tuesday, saying the medical device maker still managed to boost revenue and only just missed the earnings per share forecast. http://www.ibtimes.com/articles/20081119/ahead-of-the-bell-medtronic-views-remain-positive.htm Wed, 19 Nov 2008 09:18:15 EST Medical device maker Medtronic Inc. said Tuesday it was lowering its earnings and revenue guidance for the 2009 fiscal year, partly because of an expected hit from currency exchange rates that could total as much as $400 million. http://www.ibtimes.com/articles/20081118/medtronic-lowers-revenue-eps-fiscal-2009-outlooks.htm Tue, 18 Nov 2008 09:19:52 EST Medtronic Inc., the world's largest medical device maker, said Tuesday that legal expenses and declining foreign exchange rates weighed down its fiscal 2009 second-quarter profit. http://www.ibtimes.com/articles/20081118/medtronic-2q-profit-sinks-on-hefty-legal-charge.htm Tue, 18 Nov 2008 19:21:38 EST Medtronic Inc., a medical device maker, said Thursday it completed its $325 million buyout of heart treatment-maker CryoCath. Medtronic agreed to buy CryoCath in late September for $8.75 Canadian per share, or $400 million Canadian. More than 41.1 million shares, or 96.3 percent of shares in Montreal-based CryoCath, were deposited before Medtronic's offer expired on Wednesday. Medtronic will make its payment by Friday. http://www.ibtimes.com/articles/20081113/medtronic-completes-buyout-of-cryocath.htm Thu, 13 Nov 2008 09:29:30 EST A court order that bars Medtronic Inc.'s use of a system for implanting stents in heart patients will end on Oct. 29, the medical device maker said. A federal court in Northern California ordered the end to the injunction preventing Medtronic's access to the Rapid Exchange system. Medtronic said on Tuesday night that the court found Abbott Laboratories, which holds a patent on the system, would not suffer irreparable injury from an end to the injunction. http://www.ibtimes.com/articles/20081022/court-lifts-ban-on-medtronics-use-of-stent-system.htm Wed, 22 Oct 2008 10:44:43 EDT Senate lawmakers are pressuring Medtronic to disclose more about its consulting arrangements with physicians, citing prior allegations the company paid kickbacks to surgeons to boost sales of spinal implants. http://www.ibtimes.com/articles/20081002/lawmakers-probe-medtronic-payments-to-physicians.htm Thu, 02 Oct 2008 15:33:02 EDT Medtronic has warned physicians about issues with some of its implantable drug pump systems that have been linked to one patient death and dozens of other problems. http://www.ibtimes.com/articles/20081002/medtronic-warns-doctors-of-drug-pump-problems.htm Thu, 02 Oct 2008 17:25:20 EDT Medical device maker Medtronic Inc. said Thursday it will buy Cryocath for about $380 million in a move to expand its treatment portfolio for heart conditions, including abnormal heart rhythms. http://www.ibtimes.com/articles/20080925/medtronic-buying-cryocath-for-380-million.htm Thu, 25 Sep 2008 09:06:11 EDT Shares of Medtronic Inc. slipped Thursday as investors digested mixed news about its implantable heart devices and the company's Infuse bone graft. The Wall Street Journal reported Thursday that the Infuse Bone Graft was linked to complications when used in surgeries on the cervical spine, or the area around the neck. The bone protein is approved for use in a variety of spinal, oral and dental graft procedures, but the paper reported that Infuse has been linked to complications when used in "off-label" procedures, or operations for which is has not specifically been approved. http://www.ibtimes.com/articles/20080904/medtronic-wavers-on-report-of-infuse-complications.htm Thu, 04 Sep 2008 18:24:07 EDT Medtronic Inc.'s first-quarter earnings beat Wall Street estimates Tuesday on a combination of lower expenses and higher sales of devices to treat clogged arteries, fractured spines and other ailments. http://www.ibtimes.com/articles/20080819/medtronic-1q-profit-jumps-spine-heart-strength.htm Tue, 19 Aug 2008 17:27:14 EDT Medical device maker Medtronic Inc. reports earnings for the fiscal first quarter 2009 on Tuesday. The following is a summary of key development and analyst opinion related to the period. http://www.ibtimes.com/articles/20080818/earnings-preview-medtronic.htm Mon, 18 Aug 2008 18:11:41 EDT Medtronic Inc., the world's largest medical device maker, paid new Chief Executive Bill Hawkins compensation valued at $7.1 million for fiscal 2008, according to a proxy statement filed Friday. http://www.ibtimes.com/articles/20080718/medtronic-paid-new-ceo-bill-hawkins-7-1-million.htm Fri, 18 Jul 2008 14:32:49 EDT Medical device maker Medtronic Inc. said Thursday that William A. Hawkins, the company's chief executive, was named to the additional position of chairman. http://www.ibtimes.com/articles/20080626/medtronic-names-ceo-to-position-of-chairman.htm Thu, 26 Jun 2008 16:39:45 EDT New treatments for migraine headaches will be in focus at this year's American Headache Society annual meeting, which kicked off in Boston Thursday. While many migraine suffers take prescription medication to alleviate their pain, some companies believe new devices can do a better job. http://www.ibtimes.com/articles/20080626/medtronic-device-shows-promise-for-migraines.htm Thu, 26 Jun 2008 15:29:45 EDT Medical device maker Medtronic Inc. said Thursday its board approved an increase in its quarterly dividend by 50 percent to 18.75 cents. Medtronic said it has tripled its dividend in six years. The dividend is payable July 25 to shareholders of record on July 3. http://www.ibtimes.com/articles/20080626/medtronic-raises-fiscal-2009-dividend-50-percent.htm Thu, 26 Jun 2008 13:39:28 EDT Medical device maker Medtronic Inc. said Tuesday it received Food and Drug Administration approval to market a wire that delivers electrical pulses to the heart from a device that regulates heartbeat. http://www.ibtimes.com/articles/20080617/fda-oks-medtronic-wire-for-heartbeat-regulation.htm Tue, 17 Jun 2008 10:35:16 EDT Medical device maker Medtronic Inc. spent $260,000 lobbying the federal government in the first quarter, according to a government disclosure form. The company lobbied on a bill that would require drug and medical device manufacturers to disclose gifts given to physicians by their salespeople, according to the form filed April 18 with the House clerk's office. http://www.ibtimes.com/articles/20080605/medtronic-spent-260k-lobbying-government-in-1q.htm Thu, 05 Jun 2008 12:09:49 EDT Medical device maker Medtronic Inc. expects booming international markets, including Russia and China, to help drive up to 14 percent earnings growth and 11 percent sales growth annually to 2013. http://www.ibtimes.com/articles/20080602/medtronic-expects-growth-from-international-sales.htm Mon, 02 Jun 2008 15:49:53 EDT Medical device maker Medtronic Inc. will host its annual analyst day Monday, and a Goldman Sachs analyst said some minimal improvements in efficiency should lead to steady gains for the stock. http://www.ibtimes.com/articles/20080530/medtronic-to-discuss-fiscal-2009-plans-and-targets-monday.htm Fri, 30 May 2008 17:23:21 EDT