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Financial terms of the deal weren’t disclosed; BridgePoint’s system allows doctors to navigate around a blockage of the coronary artery to restore blood flow to critical areas of the heart.
Preventice’s BodyGuardian Remote Monitoring System allows doctors to monitor patients’ heart rates via wireless technology, and the company plans to make the product commercially available by the end of this year.
St. Jude expects that the changes will reduce its pre-tax operating expenses by between $50 million and $60 million annually beginning in 2013.
The Shanghai Innovation Center will work closely with Medtronic’s global research and development teams, as well as local universities and research institutes; it will also serve as an incubator in which Chinese physicians will be able to work on new clinical solutions.
Thomas Garrett helped take St. Jude public in 1977 and joined its board two years later; he has advised the company through the appointment of all six CEOs and helped it navigate legal matters.
St. Jude Medical claims that a defective device reported to the U.S. Food and Drug Administration last month did not have the same flaw as an older line of devices that was recalled last year.
The purchaser, CryoLife, will retain Hemosphere's eight sales jobs -all of which are outside of Minnesota-but it will move 20 local manufacturing jobs to Atlanta at the beginning of next year.
The findings of a probe into Medtronic's marketing of its Infuse bone-graft product weren't released, but Medtronic said it is pleased that the investigation is closed.
Inspire Medical Systems will use its new funding to provide follow-up support to clinical trial patients, submit the technology for U.S. regulatory approval, and expand its commercial activities in Europe.
Engineering firm Primordial Soup draws from an extensive kitchen of collaborators to whip up medical devices.
Target Field Legends Club - Carew Atrium
June 06, 2013
Minnesota Landscape Arboretum
June 07, 2013
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