Medtronic Sales Slide 26 Percent in Q4

CEO says that the company’s financial position “remains strong.”

Medtronic’s U.S. Weekly Revenue Down 60 Percent

Though demand for ventilators remains high, there’s been a significant downturn in sales of the company’s other products.

FDA Green-lights Production of U of M’s Cheaper Ventilator

The new device could be 25 times less expensive to make than standard ventilators.

Medtronic to Produce, Sell Lower-Cost Ventilator in U.S.

The medical device maker says a Foxconn plant in Wisconsin will produce a line of smaller, portable ventilators.

Covid-19 Update: Minnesota Companies Jump into the Race for Face Masks

President Trump orders 3M to ramp up production of face masks. Target promises to pitch in.

Medical Alley Connecting Companies for Covid-19 Response

A new online tool helps groups find organizations that can provide high-need products or services.

Odonata Health Named Finalist in Female Founders Competition

The Minneapolis-based maternal and fetal health startup is in the running for $1 million in funding.

Tammy Lee’s New Xena Ventures Launches First Medical Device

The former CEO of Recombinetics is launching Xena Cool, a Red Wing-based manufacturer of wearable cool therapy products.

ANI Pharmaceuticals’ 2019 Net Income Dropped by Nearly $10M

Both expenses and revenue ticked up last year.

gBETA Medtech Program Returns

The seven-week program is designed to prepare companies to compete in a full-time, equity-based accelerator.

St. Paul Medical Device Developer Closes on $31M Fundraising Round

Aria CV Inc. plans to use the funds for an early feasibility study for a device aimed at treating pulmonary arterial hypertension.

Cardionomic Raises Nearly $16M to Test Heart Failure Device

Some of the funding will be set aside for product development.

Medtronic Acquires London-Based Digital Surgery

The U.K. company brings surgical artificial intelligence expertise.

U of M Secures $3.2M Grant to Develop Cyanide Antidote Injector

The university has partnered with pharmaceutical company Windgap Medical to develop a device to quickly administer an antidote for cyanide poisoning.

Health Tech Startup HabitAware Lands $225K Grant from National Science Foundation

The grant will allow St. Louis Park-based HabitAware to design and test a new sensor for its wearable device, which is aimed at stopping obsessive physical behaviors.

Abilitech Closes on $7.4M Fundraise

The funding is aimed at accelerating commercialization of the Abilitech Assist, a device aimed at restoring mobility for people with upper-arm limitations.

Mayo Clinic Spinoff OneOme to Bring Genetic Testing Services to the Netherlands

Minneapolis-based OneOme is partnering with a Walgreens Boots Alliance subsidiary to pilot its genetic testing tool in Holland pharmacies.

Plymouth Med-Tech Mecca

Talent, land, and a supportive local government help drive high-paying jobs.

ShiraTronics Raises $33 Million, Adds CEO

Spun off from the accelerator NuXcel, ShiraTronics is a med-tech startup working on migraine headache treatment.

Feds OK CVRx Inc.’s Heart Failure Treatment Device

The Minneapolis medical device maker has received federal premarket approval for what it claims is the world’s first heart failure neuromodulation device.

Mayo Clinic, Boston Scientific Launch Med-Tech Accelerator

The new Motion Medical will accelerate the development of medical technology and new minimally invasive treatments for “unmet medical needs.”

Former Congressman Erik Paulsen Named to Cardiovascular Systems’ Board

The Republican politician, who lost his House seat to Dean Phillips in the 2018 election, replaces a retiring member of the board of directors of the St. Paul-based medtech company.

Eden Prairie Medical Supplier Key Surgical Acquires German Company

Two years after merging with a German competitor to form the world’s largest healthcare sterilization product supply company, Key Surgical has acquired German wholesaler Insitumed GmbH.

Medical Alley Reports $15 Billion in M&A Activity in 2019’s First Half

Acquisitions by UnitedHealth Group and 3M made up the bulk of M&A activity.

Minneapolis-based Agiliti Acquires Zetta Medical

The transaction is aimed at building Agiliti’s presence in the clinical engineering space.

Organ Implant Maker Miromatrix Spins Off Medical Device Arm

The spinoff enables Miromatrix to focus on its long-term goal of developing transplantable livers and kidneys from regenerated pig tissue.

Medtronic Reports Cybersecurity Flaw in Insulin Pumps

The flaw could make the devices vulnerable to hackers, according to the company.

Sansoro Health and Datica Health Merge

The new healthcare record-keeping company will be named Datica, and Sansoro’s CEO will lead it out of Minneapolis.

Maple Grove Medical Device Maker MicroOptx Raising $16.8 Million

In its fifth and largest funding round yet, the company has raised $13.8 million from 48 investors.

Conventus Orthopaedics Names Rick Epstein CEO

Epstein brings more than 30 years of leadership experience in the medtech industry.

Bio-Techne Acquiring U of M startup B-MoGen BioTechnologies

The acquisition builds Minneapolis-based Bio-Techne’s cell and gene therapy product portfolio, and marks its 15th acquisition in five years.

Upsizing Upsher-Smith Labs

Pharmaceutical company plans expansion to Maple Grove campus as Minnesota's pharma biotech sector continues to grow

Tech Company Promises Sweet Dreams for Nightmare Sufferers

Feds say they'll fast-track review of NightWare Inc.’s nightmare-curbing app.

Medtronic Denies Hiding Reports About Defibrillator Incidents

Medtronic rebuffs a claim that the FDA allowed the company to hide reports of issues with its Sprint Fidelis defibrillator—recalled in 2007.

3M Acquiring Texas-Based Medical Device Co. Acelity

The estimated $4.3 billion deal, considered 3M’s largest ever, will improve 3M’s presence in the medical device space—the only area that saw sales growth in Q1.

A Breath of Fresh Air

Breathe99 is developing a high-tech breathing mask that offers protection—and looks cool.

RxFunction Seeking $12 Million in New Financing

Company won 2018 Tekne Award in medical device category.

Pops! Diabetes Care Kicks Off Commercial Launch of Phone Case Glucose Tester

After obtaining FDA approval in November, the five-year-old company is bringing to market its Pops! One system, which boasts a virtual care approach that’s less invasive than other offerings.

Minneapolis Lung Treatment Device Developer Nuvaira Raises $79M

The capital will go partly toward a U.S. clinical trial for Nuvaira’s Lung Denervation System, a new market-alternative treatment of cardiovascular obstructive pulmonary disease.

Medtronic Launches Mobile App Linking Pacemaker to Your Smartphone

In addition to debuting the MyCareLink Heart app this week, Medtronic also enrolled its first patient for a new study examining an alternative, safer solution to oral opioids for back pain treatment.

U of M Launches Startup Developing Bioengineered Tissue That Could Shake Up Medical Device Market

The Stillwater-based startup, Vascudyne Inc., will move to commercialize two cardiovascular-related products that utilize its novel technology: living replacement tissue made of skin cells.

Mayo Clinic Startup Phenomix Sciences Initiates $1M Seed Funding Round

The startup focuses on personalizing chronic disease treatment, and will use the investment money to commercialize a new blood-based test for obesity types in 2019.

Heart Valve Repair Co. NeoChord Closes $25M Series D

The St. Louis Park-based company’s products treat mitral valve regurgitation, a common heart malfunction experienced by Americans.

Three Figures Who Knew Earl Bakken Recall His Legacy

Former Medtronic CEO Bill George, Medical Alley Association Shaye Mandle, and David Rhees, the retired director of The Bakken Museum, offer up their thoughts on Earl Bakken.

Remembering Earl Bakken, the Founder of Modern Medical Technology

At the age of 94, Columbia Heights native Earl Bakken passed away on Sunday. Many on Monday are remembering him for his positive (and oftentimes life-saving) contributions.

University of Minnesota Partners with Canadian Startup to Advance Development of Alzheimer’s Detection Tech

Combining RetiSpec’s machine learning program with the U of M’s imaging system is expected to accelerate time-to-market for a groundbreaking Alzheimer’s detection tool.

Low-Shock Defibrillator Maker Cardialen Inc. Raises $17M

The Minneapolis-based medtech startup’s lifetime financing now tops $30 million.

4C Medical Technologies Wraps $17M Series A

The new capital will allow the Brooklyn Park heart therapies maker to hire up to ten new workers, expand into a larger headquarters, and fund new rounds of further testing of its AltaValve device.

Rochester Startup OmniTier Looks to Speed Up Whole-Genome Sequencing

OmniTier says its new tech platform has big implications for the spread of personalized medicine.

Southeast Minnesota Angel Fund Reaches $2M Fundraising Goal, Backs Mayo Spin-Off

The fund has invested $500K so far; Ambient Clinical Analytics is the latest recipient.

Starkey’s New Hearing Aid Uses AI Tech, Doubles as Activity Tracker

The hearing aid maker’s new Livio AI product, the “world’s first multi-use hearing aid,” features improved sound elements and 3D motion sensors for health tracking.

Urology Startup Urotronic Raises $20M

Capital from Urotronic's biggest funding round yet will help advance its work on a drug-coated medical balloon meant to provide a safer treatment for urethra blockages.

U of M Offers Breakthrough Cryo-Preservation Technology for Licensing

The platform allows health researchers to bring zebrafish embryos to life after freezing.

Masonic Cancer Center at U of M Goes All-In on Booming Microbiome Research Field

A new 13-member research team will analyze the relationship between gut bacteria and colon cancer.

Minneapolis Health IT Co. Sansoro Health Raises $8M

Sansoro will use the new capital – contributed by existing investors and lead investor of the round LRVHealth – to grow efforts to improve data integration for electronic health records.

UnitedHealth Group May Buy Genoa Health in Estimated $2 Billion-Plus Deal, Says Source

Nothing has been confirmed yet, but a report from Axios indicates the Minnesota-based insurance giant will buy Washington-based pharmacy company Genoa Health.

HabitAware Receives $300,000 Grant to Advance Work Treating Hair-Pulling Disorder

The Minneapolis-based startup will use the National Institute of Mental Health grant toward further development of its wearable device that treats impulsive behaviors.

Cardiovascular Systems Posts First-Ever Annual Profit

Company also inks deal to co-develop laser device to treat arterial disease.

Mayo-Backed Medtech Startup NeuroOne Seeking $10M

The Eden Prairie-based company specializing in brain issue detection is in the midst of a hefty fundraising campaign. The first investment was obtained early this month, with more than $9 million more to go toward its target.

Trio of Minnesota Stem Cell Startups Receive State-Funded Commercialization Grants

Miromatrix, Superior Organoid, and MNPHARM each landed $100,000 regenerative medicine awards.

Implantable Organ Developer Miromatrix Medical Raises $15.7M

The company is working towards clinical trials for its implantable kidney and liver products.

Mayo Clinic Researcher Cites Positive Results for Cologuard-Style Liver Cancer Test

A collaboration between Mayo and Exact Sciences is yielding accurate blood DNA tests for treatable cases.

Mayo Spin-Off Ambient Clinical Analytics Eyes Euro Markets with Dutch Backer

Noaber Foundation led a $1.5 million venture round for the digital health platform.

Relievant Medsystems is Relocating Its HQ to Bloomington, Will Expand Operations

The move from California to Minnesota comes as the chronic lower back pain device maker has wrapped a $58 million fundraising round.

Bio-Techne Acquires Exosome Diagnostics in Deal Worth Up to $575M

The deal continues a string of transactions by Bio-Techne over the last five years and marks its foray into the diagnostics area of cancer medicine.

Stryker Makes Offer to Buy Boston Scientific, Sources Say

The possible deal sent Boston Scientific’s shares up about 7.5 percent and Stryker’s down by more than 5 percent.

Buzzworthy 3D ‘Skin Printer’ Grew from Minnesota-Funded Stem Cell Program

The new printer has been proven capable of printing out skin cells to repair wounds in tests on mice.

Massachusetts Biotech Co. with Close Ties to Be The Match, U of M Files for IPO

Magenta Therapeutics looks to expand the amount of stem cells for marrow transplants.

Mayo Biobank Collaborates with Company Seeking to Identify Alzheimer’s Risk

Cytox Ltd. will use bio-samples from Mayo to develop an algorithm predicting genetic vulnerability.

U of M Med School Launches New Anti-Aging Research Institute, Hires Leadership Team

The institute will focus on treatments for “cellular senescence” to slow the aging process.

New Mayo-Backed Device for Treating Deadly Type of Stroke Nearing FDA Notification

Partnering company MRI Interventions says the next step will be filing a 510(k), which will come in the third quarter.

Mayo Clinic Kicks Off Massive ‘Biobank’ Project to Invigorate Individualized Medicine Research

It will play a key role in the U.S. “All of Us” effort to advance individualized medicine.

Successful Commercialization of Gut Microbe Strain Could Net Mayo $55M

IPO documents reveal potential of clinic’s collaboration with Evelo Biosciences.

Investors Flock to Inspire Medical Systems on IPO Launch

Shares of the Maple Grove sleep apnea device maker were up more than 50 percent on its opening day.

Study Boosts FDA Approval Prospects for Mayo-Backed Wearable ECG Device

Powered by the Mayo Clinic’s AI, research claims it can read blood potassium with a touch.

Cardionomic Nears Close of $9.6M Series B

The money will go toward advancing the company’s efforts to treat acute decompensated heart failure.

Mayo, Partners Seek Patent on ‘Breakthrough’ Brain Cancer Drug Treatment

Method uses newly-discovered molecular targets to make deadly tumors more vulnerable.

Mayo-Connected Startup Medicool Technologies Lands Grant to Build Prototype Heart-Cooling Device

Medicool Technologies is looking to halt atrial fibrillations painlessly with a new, novel implant.

Anser Innovation Seeks Funds to Develop Medication Management Device

Developer of PetChatz, a pet-to-human connection device, moves to address a healthcare issue with new product Ōmcare.

Mayo Clinic Revealed as a Top Shareholder of Hyped Silicon Valley Anti-Aging Co.

San Francisco anti-aging firm seeks $85 million for clinical trials using Mayo intelligence.

Boston Scientific Buys Ovarian Cancer Diagnosis Device Maker in $275M Deal

The medical device giant expects the deal could one day be huge, entering it into a market valued between $500 million and $2 billion.

U of M, Biocept Collaboration Targeting Testicular Cancer Shows Promise

Use of ‘liquid biopsies’ to track disease progression found to be feasible.

Inspire Medical Systems Announces $86M IPO

The sleep apnea device maker is the sixth company out of Minnesota this year to register for an initial public offering.

U of M Institute with a ‘Bench-to-Bedside’ Mission Receives $42.6M Grant

The university’s Clinical and Translational Science Institute, which helps support research in various behind-the-scenes ways, awarded funds from the National Institutes of Health.

RxFunction, Medical Startup Behind Walkasins, Raises $7.5 Million

The funds will aid in commercialization of wearable technology geared toward improving balance and preventing falls.

Boston Scientific Signs $50M Deal for Securus Medical Group

Securus makes an advanced thermal monitoring system that can display the temperature of the esophagus during cardiac ablation procedures.

Vyaire Medical Closing Plymouth Plant, Eliminating 50 Jobs

The respiratory device company informed Minnesota state officials of the decision, as legally required by the WARN Act.

Mayo Clinic Biotech Spin-Off Vyriad Raising $9M for Expansion, Clinical Trials

The Rochester firm will hire up to 30 new workers as it completes a new headquarters build-out.

Mayo Clinic Radiologists Closing in on Financing for Stroke Treatment Device

Their startup makes tool for fast-growing ‘mechanical thrombectomy’ procedures.

Minnesota Gets First Medtech-Specific Startup Accelerator Program

The accelerator was made possible through a partnership between the University of Minnesota, Gener8tor, Boston Scientific and Mayo Clinic.

Boston Scientific to Buy, Spin Off Maple Grove-based NxThera in $406M Deal

At the same time the deal closes this quarter, NxThera’s technology will be used to launch a new company owned by Boston Scientific and other investors.

Mayo Clinic Spin-off Sonex Health Lands 2nd City Loan, Eyes Expansion in Rochester

The incubator grad said it was making “remarkable progress” with its carpel tunnel surgery device.

U of M-Developed Tool for Rapid Infection Diagnosis Nears Commercialization

A ‘dipstick’ test for urinary tract infections could one day be available in drugstores.

Mayo Clinic Ups Stake in DIY Genetic Testing Firm, Sees Health Benefits in New Tech

The follow-on investment in Helix's $200 million Series B round furthers Mayo’s goal to ‘democratize’ patient knowledge.

Cogentix Medical Agrees to $239M Merger Deal with Laborie Medical Technologies

Two investors who collectively own 60 percent of Cogentix Medical have already approved the deal's terms.

Pancreatic Cancer Drug Developer Sun BioPharma Raising Up to $5M

The biopharmaceutical company plans to use the money to fund a new round of human trial testing.

U of M Signs Distribution Deal for New Tool Used to 'Score' Athlete's Body Mass Composition

Massachusetts-based Hologic Inc. landed the U.S. rights for the University of Minnesota's 'Dexalytics' athletic performance software.

Surmodics Signs Distribution Deal with Abbott Worth Up to $92M

The deal, which largely involves Surmodics' SurVeil drug-coated balloon, would give Abbott worldwide commercialization rights once the device receives FDA approval.

Collaboration Between U of M, New York Biotech Firm Leads to Childhood Cancer Drug Trial

The mixed public-private effort with Vaccinex is aiming to bring about a treatment for intractable osteosarcoma.

Newly-launched Southeast Minnesota Angel Fund Makes First Two Medtech Investments

Sonex Health of Rochester and Oculogics of Minneapolis land initial venture backing.

OneOme Lands on "World's Most Innovative Companies" List

Fast Company highlighted the Minneapolis medical startup on its Top 50 list.

SpineThera Raises $2M as it Readies for Clinical Trials

The company is currently developing a drug for market approval that treats lower back pain.

Mayo’s Regenerative Medicine Plans Get Boost with Transport Safety Finding

Stem cells from new automated platform in Florida could be used in Rochester.

U of M Researcher Lands Innovation Corps Commercialization Grant for 'Mini-Brain' Project

The development of 'cerebral organoids' from stem cells could impact the fight against Parkinson's disease.

Cogentix Opens Urology Research and Development Center in Israel

The urology and gynecology device maker also reported preliminary fourth quarter results that suggest double-digit sales growth year-over-year.

Caisson Interventional to More Than Triple Size of Maple Grove HQ, Create 50 Jobs

The state's Department of Employment and Economic Development has offered the company a grant that, if it meets its investment and hiring goals, will cover nearly half of the expansion's costs.

Mayo Clinic Ventures Partners with Wearable Medtech Startup Targeting Blood Clots

Indiana-based Recovery Force makes microprocessor-controlled compression wraps.

University Enterprise Laboratories Planning a $6M Building Expansion in St. Paul

Documents show the biotech incubator is seeking an 18,000-square-foot addition.

Be The Match Takes Part in $100M Financing Round for Philly-based Immunotherapy Co.

This is the second recent biotech investment from the young nonprofit.

Cardiovascular Systems Taps Medtronic Exec as COO

Rhonda Robb brings more than 25 years of experience to the New Brighton-based cardiovascular device maker.

Owner of Defunct Shoreview Pain Relief Co. Reaches $7.6M Settlement Over Fraud Claims

DJO Global subsidiary Empi, which closed down in 2015, had allegedly used “assumptive selling” tactics to overbill a health care program for military members and their families.

Masonic Center at U of M Testing New Tech for Enhancing Anti-cancer ‘Killer Cells’

A Phase I study has opened for non-Hodgkin lymphoma and multiple myeloma patients.

Data Sciences International Selling for $70 Million

Publicly-traded Harvard Bioscience Inc. is the buyer.

Easily Affordable Whole-genome Sequencing is Goal of Latest Mayo Collaboration

The Rochester-based health care provider and Veritas Genetics are launching an effort aimed at greatly extending WGS availability.

Commercially Promising Stem Cell Research Projects Land State Funding

Neurodegenerative and liver disease are among the targets of Regenerative Medicine Minnesota.

Despite Potential Job Shifts, Medtronic Says It’s on Track for MN Employment Pledge

A spokesperson said that Medtronic didn’t yet know the total number of employees that would be impacted by their new restructuring plan, but that the company is still on track to make good on their pledge to create 1,000 jobs in the state since moving their HQ to Ireland in 2015.

Medtronic Says New Business Plan will Save Billions, Shift Jobs, but Offers Few Details

Overall, the company expects to save the $3 billion by the end of its 2022 fiscal year.

Familiar with Telemedicine? Mayo Clinic is Taking Next Step with New Robotic ‘Telestenting’ Procedure

A preclinical study between Mayo and collaborator Corindus Vascular Robotics will test a remote-controlled ‘telestenting’ system in face of likely cardiologist shortfall.

Metavention Completes $65M Funding Round, Hires New CEO

Todd Berg, who led local medical device company Torax Medical to a sale last year, is taking over as CEO of Metavention.

Local Spinal Implant Maker Zyga Technology Sold to RTI Surgical

Zyga’s flagship product is used to treat chronic pain within the lower spine.

Pops! Diabetes Care Raises $2M as it Scales Up for Product Launch

The medical device company expects to get FDA approval for its flagship product this year.

U of M Researchers Share Credit in Boston Scientific’s FDA Win on Brain Stimulation

University professor Jerrold Vitek and the MnDRIVE program were key in approval for Parkinson’s treatment.

Mayo Clinic, Medibio Set First Clinical Trial Using Depression Diagnosis Technology

An Aussie firm with a Twin Cities headquarters is using circadian waves to identify depression types.

Mayo’s New Collaboration Continues Its Work with Digital Health Startups

Its deal with a Singapore firm backs an AI platform to predict cardiac health events.

Respicardia Raises $58M Ahead of Sleep Apnea Product Launch

ZOLL Medical Corporation, a medical device and software firm owned by the Japanese chemical company Asahi Kasei, led the funding round.

MN Rep. Paulsen Introduces Bill to Suspend Medical Device Tax Until 2022

If the bill were passed with its current language, medtech companies—many of which call Minnesota home—will avoid the 2.3 excise tax until 2023.

Medtronic Purchases Irish Medical Device Co. for Reported $45M

Through the purchase, Medtronic will acquire products that provide doctors with an internal view of the esophagus during endoscopic and surgical procedures.

Plymouth-based Entellus Medical Selling to Stryker Corp. for $664M

The deal remains contingent on Entellus shareholder approval, as well as regulatory approval.

Researchers Led by U of M Develop New Technology to 3D Print Lifelike Organs

The study’s lead researcher, Michael McAlpine, said the discovery could be a “game-changer” and lead to fewer medical errors during surgery.

Non-opiate Painkilling Gel Maker InSitu Biologics Looking to Raise $1M

Fundraising comes after positive pre-clinical results for its AnestaGel product.

MGC Diagnostics to be Acquired by Private Investment Firm for $50M

The buyers, Altus Capital Partners, will pay a 25 percent premium of the stock.

Urotronic Conducting Clinical Trial for Device to Treat Urethral Blockages

There are 1.5 million office visits a year in the US for the treatment of urethral blockages, a market Urotronic hopes to tap with its new device.

Mayo, Evelo Biosciences Ready ‘Microbial’ for Inflammatory Diseases

The new collaboration is seeking to develop a ‘microbiome’ drug for multiple sclerosis and rheumatoid arthritis.

Medtronic, IRS Continue Battle Over Corporate Taxes

The federal tax department claims the medical technology giant dodged higher taxes by attributing a majority share of its profits to its factories in Puerto Rico.

U of M Spin-off Vigilant Diagnostics Wraps Seed Round with Chinese Investment

The company is developing tech to greatly boost accuracy of common flu and malaria tests.

Mayo Patent Reveals Work on Cologuard-type Cancer Test for Younger Patients

The method is aimed at those under 50 with hereditary high colorectal risk.

Medtronic Q2 Better Than Expected Despite Hit from Natural Disasters

Several hurricanes and wildfires in California battered the medical device company’s operations throughout September and October.

Top U of M Researcher, Drug Firm Collaborate to Yield Brain Cancer Progress

Masonic Cancer Center’s Chen and Tocagen Inc. announce ‘impressive’ results.

Mayo, Texas Medtech Firm to Conduct Trial for Minimally Invasive Weight-Loss Surgery

Apollo Endosurgery is touting an alternative to unpopular bariatric procedures.

MN Cup Winner MicroOptx Nears Closing of $2.8M Round

The company is awaiting clearance to conduct human trials from the FDA. Once approved, MicroOptix will receive additional funds from an institutional source.

Medtronic Expands Non-Opioid Chronic Pain Management System to Europe

The Intellis platform is now available to hospitals and health care practitioners in the U.S. and Europe.

Interrad Medical Raises Over $5M in Latest Funding Round

This is the medtech company’s eighth fundraising round since 2010.

Bio-Techne Sees Double-Digit Sales Growth

Results in Europe, Japan offset “slowness” in U.S.

EnteroMedics Changes Name to ReShape Lifesciences

The medtech company’s new name is borrowed from a company it purchased earlier in the month.

EnteroMedics Wraps $61M Funding Round to Cover Recent Acquisition

Prior to its October fundraising round, EnteroMedics had raised over $91 million in seven rounds.

Medtronic Breaks Ground on Training Facility in Western China

Meanwhile, a spokesman for the medical device maker said its operations in northern California appear to be standing yet inaccessible as wildfires rage on.

Mayo-Boston Scientific Collaboration Advances with New Heart Surgery Device

Two parties file patent application for unique self-centering catheter guide.

Australian Medtech Firm with Minnesota Presence Deepens Ties to Mayo Clinic

Medibio Ltd. also wrapped a nearly $14 million funding round this week.

MicroOptx Wins 2017 MN Cup

The Maple Grove-based startup says their device might be able to cure glaucoma.

New SE Minnesota Angel Fund Breaks Million-Dollar Mark

The latest investment came from Southern Minnesota Initiative Foundation philanthropists.

A $2 Million Boost for Heart Valve Disease Research

Minneapolis Heart Institute Foundation already a national leader.

Murata Acquiring St. Paul-based Vios in $102M Reverse Triangle Merger

The Japanese electronic components maker will pay for Vios with a mix of stock and cash.

EnteroMedics to Acquire California Weight-Loss Device Maker

The transaction is complementary to the Roseville medtech company's offerings.

Howard Root on the State of Minnesota's Medical Device Industry

The former chief executive of Vascular Solutions beat federal charges of off-label use. Now he discusses his next move, and why government oversight is hampering the medical device industry.

U of M Granted Patent for Promising Cyanide Poisoning Antidote

The Center for Drug Design research team is readying "Sulfanegen" for clinical trials.

Experimental Mayo Clinic MS Antibody Gets Patent Nod

Second early-stage trial of ‘remyelinating’ drug candidate is close to completion.

Hurricanes Batter Cardiovascular Systems’ Sales

CSI shares hit a six-month low after it warned Harvey and Irma will have a negative impact on quarterly sales guidance.

Mayo Research into Microbiome-Nutrition Connection Lands ADM’s Backing

New collaboration is clinic’s second in emerging personalized wellness field.

Celcuity Becomes Third MN Company to Go Public This Year

The biotechnology company officially kicked off its IPO on Wednesday.

Medtronic Launches Platform with Unique Approach to Treating Chronic Pain

Instead of prescribing an opioid-based treatment plan, the Intellis system offers doctors a non-opioid approach to treating chronic back pain.

OneOme Expands its Global Reach to Japan, Hong Kong and Macau

The startup’s personalized medicine test offers a unique potential in Asia, where people take similar medications to Americans and Europeans but don’t share the same genetic makeup.

U of M Lands Patent for Using Synthetic DNA to Target Heart Failure

Manufactured ‘XNA’ can bind to proteins that regulate cardiac function.

Newly Launched CoreBiome Touts Microbiome ‘Profiling’ Services

U of M spinoff has tech to analyze microbial communities for health, ag clients.

FDA Claims Entellus Medical Broke Protocol During 2015 Study

The Plymouth-based company was testing a product used to treat dysfunctions in the Eustachian tube in the nose.

Rebiotix Seeks $10M in Funding Round

The company is developing treatments for gastrointestinal issues that use human gut bacteria.

Medtech Legend Manny Villafaña Opens $15M Funding Round for Medical 21

If fundraising efforts (and an animal testing round) are successful, the founder of St. Jude Medical and Guidant said his latest startup will move forward to testing its artificial blood vessel on humans.

Alzheimer’s, Cancer Research is Focus in Latest Round of State-Funded Research Grants

‘Minnesota Partnership’ seeks to develop pipeline of biotech startups, job creation.

Medtronic Accelerates Mazor Robotics Partnership with $40M Investment

With this deal, the medtech giant’s total investment in Mazor could potentially grow to $125 million.

Medtronic, Boston Scientific Invest in Bioelectric Therapy Co. SetPoint Medical

The California startup has raised over $100 million from investors since its 2006 founding.

RoverMed BioSciences Raises Over $1M in its First Funding Round

The biotechnology company was founded last October.

Vyriad's Cancer-Fighting Viruses to Get First Clinical Trial Against Solid Tumors

Sanford Health will use the bioengineered bugs in a Sioux Falls cancer trial.

Summer Computer Outage Had Little Impact on Medtronic’s Q1

The medical device maker beat Wall Street’s earnings estimate, but came up short on revenue.

Spineology’s Latest Funding Round Tops $10M

The biotechnology company makes implants used to support the spine.

Skyline Medical Merging with Texas Biomedical Firm

Company looks to increase revenue with CytoBioScience deal.

Class Action Suit Against Medtronic Remanded to District Court

The lawsuit, filed three years ago, revolves around how shareholders were affected by Medtronic’s $50 billion purchase of Covidien in 2014.

Inspire Medical Systems is Minnesota’s Fastest-Growing Private Co.

The sleep apnea device maker was the only private company from the state to rank within the top 100 on the Inc. 5000 list for 2017.

Preceptis Medical is Seeking $1M

The local startup, which won the 2013 Minnesota Cup, makes a minimally invasive device used to treat children with serious ear infections and other conditions.

EnteroMedics Sales, Profits Fall Sharply in Q2

Sales were down 66 percent and the medical device maker’s net loss grew by 37 percent during the April to June period.

U of M to Lead $500K Effort at Unlocking Secrets of Plant Microbiomes

Grant will enable new research network aimed at boosting ag sustainability.

Mayo’s Collaboration with Startup NeuroOne Includes an 11 Percent Stake

It is developing implantable system to detect, treat epileptic seizures.

Strong Demand for Urology Products Drives Cogentix Toward Positive Q2

The medical device maker dodged going red, unlike last quarter or the same period last year, as its PrimeSight system continued to drive revenue growth.

Brightstone Wants $100M for Early Stage Tech, Life Science Startup Fund

The venture capital firm has funded a number of successful, Minnesota-based startups such as BiteSquad, Gravie and the 2016 MN Cup winner Stemonix.

Cogentix Buys British Business Partner Genesis Medical

The private company is expected to bring in $800,000 in additional revenue, Cogentix said, and more than $2 million in incremental revenue next year.

OneOme Signs Exclusive Deal to Bring its Flagship Product to Canada

As part of the agreement, the company receiving OneOme’s RightMed test will conduct a study to determine its effectiveness in a community pharmacy setting.

Mayo Makes Third Investment in Digital Heart Health Firm

Latest stake in AliveCor comes with effort to predict sudden cardiac arrest in kids.

Boston Scientific Backs Overactive Bladder Device Maker Amphora in $36M Round

The funds will be used to facilitate a pivotal study of its device’s effectiveness in treating women who suffer from the condition.

U of M Spinoff Readies Clinical Trial for Promising Brain Cancer Drug Therapy

OX2 Therapeutics touts method to ‘turn off’ protein that suppresses immune system.

Mayo Continues Venture Funding of Gut Microbiome Companies with Latest Stake

Participates in $50 million Series B round for microbe-maker Evelo Biosciences.

Medical Device Cos. May See Rule to Report Malfunctions Relaxed

Medical device makers big and small may soon be required to report device malfunctions just four times a year instead of within 30 days of an incident.

Minnetronix Expands HQ, Plans to Hire Up to 80 by 2019

Growth in all three of the medtech firm’s business segments has pushed it to expand its operations and staff size.

Mayo Confirms First Tenants at Discovery Square Project

The 60,000-square-foot medtech office building is an early step in Destination Medical Center effort.

Entellus Unveils $81M Merger Plan with Spirox

The Plymouth medtech company also increased its revenue forecast for its 2017 sales year.

Respicardia Raises $5.1M After Positive Results in Sleep Apnea Trial

The implantable device is backed by Italy’s Sorin Group and venture capital investors.

Israeli Gut Microbiome Startup DayTwo Reveals Mayo Clinic Investment Details

It was part of a $12 million Series A round led by Johnson & Johnson Innovation.

Medtronic’s Micra Pacemaker Aces Space Test

The tiny pacemaker was still in working condition after experiencing the turbulence of a rocket launch and the intense pressure of leaving Earth’s atmosphere.

Medtronic, Mayo Clinic Invest in Diabetes Data Startup from Silicon Valley

After raising $35 million in its most recent round, Glooko’s fundraising total has hit $71 million.

Mayo-Connected Regenerative Medicine Startup Inks Downtown Rochester Lease

Rion LLC is developing tissue-growing biotech for cardiac, wound care markets.

New Spine Implant from Spineology Receives FDA Approval

The device is intended to support the lower spine, an area where the Oakdale-based company as of yet did not have a product to offer.

Patterson Cos. Faces Second C-Suite Shake-up This Month

The CEO and the head of the company’s animal health business have both announced plans to leave in June.

Mayo Backs Software Startup Looking to Accelerate Cancer Cure Process

The health care organization’s venture arm was joined by General Electric Ventures, DFJ and LifeForce Capital in a nearly $14 million round for Vineti.

Medtronic’s Tiny Pacemaker Goes to Space

The medical device company, along with its young project leader, will analyze how the high radiation and low temperatures affect the Micra pacemaker.

Mayo Licenses Algorithm for Detecting Genetic Cardiovascular Risk to Medtech Startup

2bPrecise LLC will use know-how in platform to fight familial hypercholesterolemia.

U’s Crumbling St. Paul Conservatory Looking to Bloom Anew with $4.4M Boost

Funding pitched as key to school’s growing undergrad biology program.

U of M Digital Health Spinoff Developing Game-Based App to Reduce Snoring

Soundly touts airway-strengthening therapy as alternative to burdensome CPAP masks.

Medtronic Among Companies with the Largest Stashes of Cash Overseas

Fifty companies in the S&P 500 are keeping nearly $1 trillion outside of the country.

Key Surgical to Become Medical Industry Leader Following Merger

By combining with its rival, the Eden Prairie-based company’s portfolio size and customer count will more than double.

Monteris Ramping Up Sales Efforts After $27M Funding Round

It was the neurosurgical technology company’s second-largest equity financing round ever.

U’s MnDRIVE Thrives, Angel Tax Credit Gets Wings Clipped

MnDRIVE snags funds for cancer research as sun sets on program to help startups.

Mayo-Connected Magnetic Imaging Medtech Firm Completes $13M Financing

MRI Interventions has development deal with clinic for new stroke therapies.

Jaw Fracture Device Invented at U of M Receives FDA Approval

Kevin McIntosh, president of Summit Medical, the company with licensing rights to the device, called it a “disruptive technology that is redefining the industry.”

BioSig Technologies Issues Big Warrant Position to Mayo Clinic Ventures

Move is part of new collaboration to develop system for treating arrhythmia.

Medtronic Among Investors in Saluda Medical’s $40M Round

The new capital will go toward a pivotal clinical trial and commercialization efforts in Europe and Australia.

Mayo Clinic, Baxter Join Forces to Fight Kidney Disease, Other Conditions

The partnership is starting off with a five-year collaboration agreement with the option to renew for another five years of working together.

Medtronic Hits Record Sales in Fiscal 2017

However, some analysts were concerned about the medical device company’s earnings expectations for its next fiscal year.

U of M Ranked as Sixth-Best U.S. Public University for Technology Transfer

Milken Institute report sites strength in income-generating licenses.

Rochester Medical Analytics Firm Apri Health Lands $500K Debt Financing

Backing comes from Canadian company in medical cannabis market.

EnteroMedics Buys Weight Loss Company to Complement Portfolio

The medtech company paid for BarioSurg and its Gastric Vest System through a mix of stock and $2 million in cash.

Philips Lands Deal for St. Paul-based RespirTech

Terms and conditions of the purchase were not made public.

EnteroMedics Stock Drops on Q1 Results

The company lost $7.4 million on nominal revenue.

Aussie Firm Medibio Deepens Minnesota Ties with Mayo Development Deal

Medtech’s move follows hires of locally based CEO and CFO.

LogicStream Lands $6 Million in New Financing

Series B round will boost its sales and marketing.

Medtronic Receives FDA Clearance for MRI-Safe Pacemaker Devices

The heart devices will be the first on the market to offer such a feature.

Conventus Secures $20M in Series C Funding Round

The medtech company’s flagship product is used to treat extreme bone fractures.

Former Lutonix Exec Pleads Guilty to Stealing Trade Secrets

Christopher Barry faces up to two-and-a-half years of imprisonment.

Be The Match Subsidiary Emerges as a Biotech Venture Player

Participates in $50M round for Magenta Therapeutics, forges strategic partnership.

Mayo Spinoff Ambient Clinical Analytics Completes $5.4M Finance Round

Waterline Ventures, Bluestem Capital invest in patient care monitoring console.

St. Jude Founder Manny Villafana Honored In Hometown

The prolific medtech entrepreneur is being inducted into the Bronx Hall of Fame.

Mayo Clinic, MRI-Maker Forge Commercial Deal for New Stroke Therapies

‘Image-guided’ brain surgery for most deadly strokes targeted in agreement.

Celcuity Closes $5.75M Funding Round

The biotech company makes a diagnostic test that uses live tumor cells to determine personalized care plans for patients.

Recombinetics Raises $7M, Hints at Bigger Funding Efforts Ahead

The bioengineering company has a two-phase fundraising plan on its agenda, which it hopes will bring in about $50 million in new capital.

Boston Scientific Posts Double-Digit Sales Growth for Fifth-Straight Quarter

Every one of the company’s business units reported year-over-year sales growth.

Who Are the U of M’s Most Entrepreneurial Researchers?

Life sciences experts Hackett, Elias among school’s Innovation Award winners.

Regenerative Medicine Minnesota Biobusiness Award Winners Named

Roster includes researchers whose projects have commercialization potential.

Terminated Employee Awarded $25.1M in Cardiovascular Systems Whistleblower Suit

Steven Babyak won $22.4 million in punitive damages and $2.7 million in general damages.

Sunshine Heart Brings in $9.2M from Latest Offering

Altogether, the heart device company has attracted upwards of $100 million in its 18 years of business.

MHTA Still Seeking Employers, Students For High-Tech Summer Internship

The organization hopes to place 250 students in internship programs with high-tech companies throughout the state.

MRI Pioneer, Mayo Clinic Researcher Richard Ehman Honored as Elite U.S. Inventor

Award comes as his Rochester startup sees demand spike for its patented tech.

Robert Cohen Out as Miromatrix CEO

The biotech company also added three new board members as two departed.

Medtronic Selling Off Medical Supplies Business for $6.1B

The buyer, Cardinal Health, will receive ownership of medical products used in “nearly every U.S. hospital.”

Rochester Startup Vyriad Expanding, Signs Lease For Ex-IBM Building

Mayo-backed viral oncology firm graduating from clinic’s biz incubator.

Medtronic Nearing $6B Sale Of Medical Supplies Unit, Sources Say

If the deal closes, it would be a roughly $1 billion step up from what the business was expected to sell for.

Prevent Biometrics Seeking $7 Million In Financing

High-tech mouth guard detects possible concussions.

Mayo, U Of M Decry Proposed Research Budget Cuts

The two Minn. institutions combined for more than $500M in NIH funding last year.

U Of M Commercialization Grants Target Microbiome Test, Sleep Disorders, Epilepsy

Five life sciences research projects nearing market stage land MN-REACH funding.

Medtronic Beats Analyst Expectations Despite 25 Percent Drop In Q3 Profits

The medtech company reported mid-single digit sales growth in all four of its business groups.

Mayo-U Of M Research On Assessing Anticancer Drug Effectiveness Advances

Patent application filed on antibody used for individualized cancer treatments.

Mayo Clinic Spin-off Ambient Clinical Analytics Raising $5.4M

Health IT startup has $3.9M of total already in hand, SEC filing indicates.

PetVivo, Gel-Del Combine In Reverse Triangular Merger Agreement

The companies originally partnered in 2014 to commercialize a device used to treat osteoarthritis in dogs and horses.

MetaModix Raises $1.2M

Company looking to Asian, European markets.

BioSig Deepens Ties With Mayo, Strikes Deal For Future Innovations

Heart signal-processing firm teams with clinic on a 10-year collaboration.

Could A Vaccine End The Opioid Epidemic?

Hennepin County researchers are advancing work that could help end the United State's burgeoning painkiller problem.

Medtronic Announces $2B Debt Offering

The medtech company said the funds would be used for “general corporate purposes.”

Mayo Clinic Ups Venture Investment In Heart Arrhythmia Digital Health Startup

Bigger stake in AliveCor comes as firm rolls out expansion of detection software.

U Of M Tech Aiming To ‘Transform’ Chemotherapy Lands On U.S. Patent Desk

Inventors said the new test can quickly determine if leukemia treatments are working.

Medtronic Receives FDA Clearance For Two Heart Devices

The federal approvals came from Monday and Tuesday of this week.

Sunshine Heart Seeks $4.65M In Private Placement As NASDAQ Listing Deadline Looms

Med device firm must meet shareholder’s equity requirements by March 20.

EnteroMedics Doubles Sales But Loses $23.4M In 2016

The result was a slight improvement from the company’s average annual loss, which since 2007 has totaled nearly $27 million.

NxThera Raises $15.3 Million In New Financing

The Maple Grove medtech company plans to double its sales force.

Where Are The 2015 MN Cup Winners Now?

A look at where last year's division winners are today.

Q&A: Ping Yeh, Cofounder Of MN Cup Winner StemoniX

The company is helping to shape the future of drug discovery, medical diagnostics and disease treatment.

Saving Your Bacon

Miromatrix is transforming pig organs so they can be implanted into people—eventually.

Microbiologics Expands With DEED Assistance

The state is providing $182,000 as part of the company's multimillion dollar addition to its St. Cloud headquarters.

Woman-Owned Biomed Company Poised For Growth

The organization, composed entirely of women, creates products that help advance the research of complex and deadly diseases.

Thissen Proposes $500M State R&D Fund

The House minority leader said he wants to improve Minnesota's standing in science and technology.

How Lawmakers Want To Spend Minnesota's Surplus

What does the 2016 legislative session portend for Minnesota businesses?

Report: 2015 Med Tech Funding Hits Record High

Investment in the industry reached nearly $435 million, according to the Medical Alley Association.

Building Minnesota's STEM Workforce

Minnesota colleges are updating and expanding their science, technology, engineering and math programs to meet business needs in a 21st century economy.

Medtronic Seeks Approval For Pill-Sized Pacemaker

A new study found the revolutionary pacemaker lessened major complications by half compared to conventional models.

Land O’Lakes Makes Its First Commercial Investment In Africa

The Arden Hills agribusiness is looking to expand its African operations, an area that Land O’Lakes CEO calls “everyone’s great growth market” in the future.

Mayo Clinic's Venture Into Entrepreneurship

Why technology previously transferred outside Minnesota is now more likely to remain in Rochester.

Minnesota's 50 Fantastic Firsts

We challenge any other state to come up with a list of extraordinary innovations as impressive as Minnesota’s.

Investments In MN Medical Startups Falter

Numbers are down 46 percent from last year.

Big Pharma, Small Town

How ANI Pharmaceuticals is growing rapidly at the top of Minnesota.

Medical Startups Raise $300 Million So Far in 2014

LifeScience Alley sees a strong year for Minnesota startups

The Creatives: 7 Of MN’s Most Successful Innovators

Seven of Minnesota’s most successful innovators share how they foster and lead creativity within their organizations.

Two Big Deals Help MN Medical Investments Climb 68%

Investments in Holaira and Inspire Medical helped drive the strong quarter.

Bio-Techne Acquires Yet Another Bio-Tech Firm

The Minneapolis-based biotechnology company bought Novus Biologicals for $60 million, less than a month after spending $300 million on a protein analysis company based in California.

St. Jude Addresses Regulators' Concerns At Mftg. Plant

St. Jude Medical, which had received a warning letter about operations at a California facility, said that it has now addressed regulators' concerns.

Amid Medtronic’s Move, MN Remains A Med-Tech Leader

Despite a legal headquarters relocation, Medtronic is retaining its workforce in Minnesota, which remains a national leader based on med-tech jobs and concentration of medical device manufacturers.

Medtronic Plans $43B Acquisition, Will Relocate HQ

The company said that, while it plans to relocate its headquarters from Fridley to Ireland, it will retain its “operational headquarters” in the Twin Cities.

Medtronic Seeks Dismissal Of Shareholder Lawsuits

A two-person committee appointed by the med-tech giant concluded that allegations against Medtronic’s leaders are “without merit”; it’s now seeking dismissal of shareholder lawsuits.

St. Jude Gains Wireless Sensor Tech In $375M Acquisition

Now that CardioMEMS’ heart-monitoring technology has been approved, St. Jude is executing its option to buy the company, in which it had previously invested.

Local Entrepreneur Creates Storytelling Pillow For Kids

Killian Rieder’s “Elo” pillow is equipped with speakers that play music or tell children’s stories, but only when the child’s head is resting on it.

Medtronic Settles Lawsuits For $22M But Expects More Claims

Medtronic, which did not admit wrongdoing, expects to record a fourth-quarter charge of up to $140 million to cover its latest settlement and the estimated cost of additional settlements.

MN Medical Startups Are Attracting More Money

Industry group LifeScience Alley tallies $60 million raised in the first quarter, a 25 percent increase.

Reverse Outsourcing: State Aid Lures India Company To Dilworth

Axis Clinicals' plant will employ 100 workers at a former Wal-Mart site in Dilworth.

On Record Sales, Vascular Solutions Warns Of Legal Costs

Vascular Solutions reported a 15 percent jump in quarterly sales but costs tied to its ongoing legal battle with Boston Scientific caused the company to revise its earnings outlook.

Med-Tech Firm Receives FDA Warning Over Minnetonka Plant

The FDA sent a warning letter to American Medical Systems, identifying issues related to “process validation, risk analysis, and corrective and preventive action procedures.”

Techne Invests $10M In Startup And Eyes Acquisition

After making a $10 million equity investment in CyVek, Inc., Techne Corporation said it plans to acquire the entire company if it meets certain performance benchmarks.

LifeScience Alley CEO Retiring; Replacement Named

Following Dale Wahlstrom's retirement, Shaye Mandle, currently executive vice president and chief operating officer, will take the reins.

Another MN Business Delists Shares, “Goes Dark”

ProUroCare Medical, Inc., said it is delisting its stock in order to cut administrative costs, and to allow it to explore a possible sale.

Local Co. Settles Suit For $520K; Criminal Investigation Ongoing

Vascular Solutions reached a settlement agreement, resolving a whistleblower lawsuit that drew the attention of Texas’ U.S. Attorney’s Office.

Entrepreneur Of The Yr. Awards Seek Nominations

Ernst & Young is seeking nominations for outstanding entrepreneurs in Minnesota, Iowa, Nebraska, North Dakota, and South Dakota.

Device Medtronic Acquired In $800M Deal Found Ineffective

Medtronic said that a U.S. clinical trial for its Symplicity device, which is designed to treat high blood pressure, found the treatment to be safe but ineffective.

Urgency Centers: A New Kind Of Health Care

The Twin Cities makes room for urgency centers that are a cross between a hospital ER and urgent care.

This Med-Tech Firm Is An Inspired Endeavor

After raising nearly $60 million, Inspire CEO Tim Herbert is feeling confident about his company’s 2014 commercial launch of a sleep apnea product

How To Keep Minneapolis-St. Paul Prosperous

For Minneapolis and St. Paul to remain prosperous, we should learn from other cities, like Denver.

MN Cos. Donate To Philippines Typhoon Relief Efforts

Some of Minnesota’s largest companies have committed hundreds of thousands in dollars and services to disaster relief in the Philippines.

A Meeting Planner To Know: Caytie Pohlen-LaClare

Owner/President, The LaClare Group, Inc.

Turning Minnesota’s Job-Skills Gap Into An Opportunity For Low-Income Families

The International Institute of Minnesota has trained and graduated close to 2,000 nursing assistants over the last two decades.

Twin Cities Med-Tech Firm Has Now Raised $251M

CVRx raised $12 million in its latest round, bringing its total investments to $251 million since the company was founded in 2001.

3M Invests In Another Israeli Firm

3M’s investment arm has purchased a minority stake in Takadu, a tech company that uses algorithms to identify problems in water systems.

Mayor Rybak Calls For Intense Study Of Southwest LRT Options During 90-Day Delay

“If we spend 90 days just thinking about stuff, this will be a failure.”

MN’s White-Collar Salaries Expected To Outpace U.S.

According to staffing firm Robert Half, the technology industry will see the biggest gains in professional salaries, followed by accounting and finance, and creative and marketing jobs.

Dakotas Top MN For 4-Yr. GDP, Population Growth

While Minnesota ranked only 25th based on a combination of its GDP and population growth over the last four years, it appears to be improving.

Is The Medical Device Tax On Life Support?

Minnesota companies are closely watching ongoing deal discussions in Washington, D.C.

Land O’ Lakes Helps Empower Women In Sub-Saharan Africa To Develop Business Skills

African governments and a wide range of aid organizations are also working to empower women farmers.

MN Among Least-Affected States During Shutdown

Although a large group of federal employees in Minnesota may be laid off in the coming weeks, a recent report said Minnesota is the fourth-least affected state by the government shutdown.

Shutdown Has Direct, But Limited, Effect On MN

So far, the effect of the government shutdown has primarily been limited to federal workers turned away from their jobs, but if the government stays in the dark much longer, federal funding limitations may broaden the impact.

Behind Minnesota’s Poverty Numbers: Rates Stabilize, But Job Quality Declining

Ten thousand fewer Minnesota children lived in poverty in 2012 than in 2011. But that’s still 183,763 low-income kids.

Tennant Drops Appeal Of Lost Lawsuit

About three months after a German court ruled against Tennant in an advertising lawsuit, the Minnesota company said it has withdrawn its appeal for “purely commercial reasons.”

Mpls’ Median Income Is 24% Above U.S. Metro Avg.

According to the U.S. Census Bureau, the Twin Cities fared above average in 2012 with respect to education, income, and housing value, but it still isn’t back to its pre-recession numbers.

Multicare Associates: Say Good-Bye To Deductibles

Multicare Associates brings independent health services to the northern suburbs.

Medtronic Buys Stake In Italian Co., Eyes Hospital Services

Medtronic is attempting to expand from a medical device company to a diversified provider of medical services.

Minnesota Cup Names Six Division Winners

The statewide entrepreneurial competition has chosen six divisional winners out of more than 1,000 Minnesota entrees.

MN Cup Names 2013 Finalists

Narrowed from a pool of 57 semifinalists, the 18 selected finalists will now compete for a share of $200,000 in prize money.

Med-Tech Co. Medafor Sold For $200M

Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.

Medtronic Buys MN “Teleheath” Firm For $200M

The move marks a departure from Medtronic’s traditional emphasis on medical devices.

Biovest Exits Bankruptcy, Appoints New CEO

The company, which is focused on developing a cancer vaccine, has completed its Chapter 11 reorganization and has appointed Carlos Santos as its new CEO.

Mpls. Among Top 10 “Most Inventive” Cities In The World

Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.

Study: 1 in 5 Females Are Now “Women Of Influence”

A “woman of influence” is defined as being active in major investment decisions, having a good understanding of financial products, and having an interest in learning about financial matters.

Med-Tech Co. CVRx Lands $30M In Private Equity Funds

The Minneapolis-based company, which raised more than $200 million prior to the recession, said it will use the new funding to help finance clinical trials.

Financial Literacy Efforts To Fight Predatory Lending Flourish In Minnesota

Minnesota schools are joining the movement to boost financial literacy across the state, focusing on education and outreach from grade school children to senior citizens.

New Minnesota Laws Take Effect July 1: Taxes On Top Incomes, Cigarettes; More Money For Schools

The new laws also include a total of $496.1 million to fund dozens of arts, parks, trails, and natural resources projects throughout the state.

Court Rules Against Tennant In Lawsuit Over Ad Claims

A German court ruled in favor of Tennant’s competitor, which claimed that some of Tennant’s advertising claims were misleading; Tennant is considering an appeal.

MN Med-Tech Co. Puts CFO On Leave Amid Internal Review

Uroplasty, which is investigating issues pertaining to how it paid sales commissions, put Mahedi Jiwani on administrative leave and delayed the filing of its annual report.

Local Med-Tech Firm Cuts Jobs, Transfers Others To MN

IntriCon Corporation’s restructuring plans call for eliminating 35 global jobs and transferring work currently performed in Maine to Minnesota.

Minnesota Cup Names 2013 Semifinalists

The 57 semifinalists move to the next round in the annual competition, advancing closer to $200,000 in prizes.

Vascular Solutions Recalls Products Over Safety Risk

Some of the company’s products that are used in catheterization procedures have been recalled because of a potential for air leakage, which could lead to an obstructed artery and result in serious injury or death.

After Dispute with Former CEO, Techne Names New Leader

Longtime CEO Thomas Oland resigned in November and said he disagreed with the board’s decision to consider external candidates for his successor; now, the board has tapped an outsider as its next leader.

Medtronic Profits Up; Shares Fall on Weak European Sales

Sales also declined in the cardiac rhythm disease management and spinal products businesses, two of the company’s largest and highest-margin segments.

Report: Boston Scientific Cut 500 MN Jobs in August

The recently released figure gives the first and only indication to date about how the Natick, Massachusetts-based company’s ongoing restructuring is affecting its local work force.

Plymouth Med Tech Startup Secures $6.1M From Abroad

The financing round, led by the Malaysian government, will help Mardil Medical complete the development of its first product and pursue regulatory approval in Europe, Asia, and Canada.

Urologix Names CEO, Stock Faces Delisting

Greg Fluet, who has served as interim CEO since November, takes the helm at a time when the company’s stock is struggling to meet Nasdaq’s minimum bid price requirements.

Miinome Wants to Help You Market Your DNA

Designs on your genes.

Boston Scientific Cutting Up to 1,000 More Jobs in 2013

Boston Scientific said Tuesday that its fourth-quarter earnings fell 44 percent—and that it will eliminate 900 to 1,000 positions this year in addition to previously announced cuts.

St. Jude Receives Warning Letter from FDA

The company previously said it expected to receive such a letter from regulators following the inspection of a manufacturing facility in California.

In Letter to FDA, St. Jude Vows to Improve Processes

The medical device giant said it would make improvements to its processes and address specific concerns raised during an inspection of its Sylmar, California facility.

Canadian Med Tech Co. Will Move HQ to MN, Hire 70

Imris, Inc., will relocate about 60 employees from its current home office in Winnipeg and hire local residents for an additional 70 positions.

St. Jude Cuts Another 500 Jobs, 100 in MN

As part of a reorganization plan that the company expects will help cut costs, St. Jude will reduce its global work force by approximately 5 percent—in addition to the 300 jobs it eliminated in August.

St. Jude Receives FDA Letter Citing Issues at CA Plant

The medical device giant said that the letter contained “11 observations” about its manufacturing plant in Sylmar, California; St. Jude vowed to respond to the FDA by November 7 and said it “has initiated efforts and redirected resources to address the FDA’s observations.”

Senate Committee: Medtronic Manipulated Infuse Studies

A U.S. Senate Finance Committee report based on thousands of documents from Medtronic adds to the controversy surrounding the company’s bone-growth product Infuse, but Medtronic said that it “vigorously disagrees” with the committee’s claims.

Canadian Pharma Co. Moves HQ to MN, Will Hire 20

DiaMedica, which is developing drugs to treat diabetes, chose to move to the Twin Cities because of the area's strong life sciences sector, among other benefits.

St. Jude Expects FDA Warning Letter About Calif. Plant

CEO Dan Starks told investors that he is not aware of any specific problems at St. Jude’s manufacturing plant in California, but said the company could receive a warning letter from regulators after the plant’s ongoing inspection is complete.

Medtronic to Pay $66.2M for Stake in China Med Tech Co.

The company announced its intent to purchase a 26.4 percent stake in LifeTech Scientific Corporation—a move that comes about two weeks after it agreed to buy another China-based medical device maker.

MN Native Brian Kobilka Wins Nobel Prize for Chemistry

University of Minnesota Duluth alumnus Brian Kobilka and Robert Lefkowitz of Duke University will share the award for their research on protein receptors, which help the body sense and respond to outside signals.

Boston Scientific Buys Local Med Device Co. BridgePoint

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.

Locally Made Remote Heart-Monitoring System Gets FDA OK

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 to Realign Business Units and Cut 300 Jobs, 80 in MN

St. Jude expects that the changes will reduce its pre-tax operating expenses by between $50 million and $60 million annually beginning in 2013.

Medtronic Opens China Center to Support R&D, Plans to Hire 1,000

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.

33-Yr. Board Member Who Helped Build St. Jude Dies at 67

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: New Device’s Failure Unrelated to Recalled Devices’ Flaw

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.

Eden Prairie-Based Med-Device Co. Bought for $17 Million

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.

Feds Close Investigation Into Medtronic's Infuse Product

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.

Medtronic Invests in Spinoff, which Raised $14.5M

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.

Design Recipe-May 2012

Engineering firm Primordial Soup draws from an extensive kitchen of collaborators to whip up medical devices.

Start-Up Pursuit Vascular Raises $750K, Plans $2M Round

The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.

MN Firm Osprey Medical Raises $20M in Australian IPO

The medical device company will use the funds to launch its product in Europe and to conduct a clinical trial in the United States.

Despite St. Jude Protest, Medical Journal Defends Article

St. Jude Medical wants a recently published article retracted, calling it a "biased analysis." But Douglas Zipes, managing editor of the online journal that published the article, said that's "not going to happen."

New Workspace Caters to Entrepreneurs, Other "Makers"

The Mill is a new collaborative workspace that gives members access to tools and equipment that they don't have access to at home, including 3-D printers, computers with design and drafting software, industrial sewing machines, and a metal shop.

Small Science, Tech Cos. Get Matching Funds for Internships

Participating businesses receive up to $2,500 in matching funds for wages paid to student interns hired through a new program called SciTechsperience.

Supreme Court Sides with Mayo in Patent Battle

The court determined that Prometheus' blood test involved naturally occurring phenomena, and its patents are therefore invalid; the ruling is expected to have broad implications in the scientific community.

Kips Bay to Again Seek Approval for U.S. Clinical Trial

The Plymouth-based company said it has gathered additional information on its eSVS Mesh device in order to address questions that regulators had raised.

MN Co. Launches IPO, Will Trade on Australian Exchange

Eden Prairie-based Osprey Medical hopes to raise approximately $21.2 million through an initial public offering launched Thursday and expects to start trading on the Australian Securities Exchange by mid-April.

Former Medtronic CEO to Chair New Med-Tech Initiative

Bill Hawkins, who served as CEO of Medtronic from 2007 to 2011, has been tapped as the chairman of a new public-private partnership that aims to establish a regulatory science center in Minnesota.

U of M Start-Up Orasi Medical Ceases Operations

According to MedCity News, the promising St. Louis Park-based company was marketing its technology to drug companies and had inked licensing deals with pharma giants like Novartis.

Device Cos. to Double FDA Fees for Faster Reviews

A new agreement reportedly calls for medical device companies to pay $595 million in fees over five years, and for the FDA to add more than 200 people to its approval processes-which industry representatives have criticized as being too slow.

MN Attracted Most Health Care VC in Midwest in 2011

Minnesota's health care start-ups led their Midwestern neighbors in attracting venture capital by raising $223.2 million last year, according to a report by Cleveland-based BioEnterprise.

Starters-Is Minnesota a Bioscience State? -August 2011

Business worries that politics will get in the way.

Cardionomic Raises Nearly $16M to Test Heart Failure Device

Some of the funding will be set aside for product development.

Medtronic Acquires London-Based Digital Surgery

The U.K. company brings surgical artificial intelligence expertise.

U of M Secures $3.2M Grant to Develop Cyanide Antidote Injector

The university has partnered with pharmaceutical company Windgap Medical to develop a device to quickly administer an antidote for cyanide poisoning.

Health Tech Startup HabitAware Lands $225K Grant from National Science Foundation

The grant will allow St. Louis Park-based HabitAware to design and test a new sensor for its wearable device, which is aimed at stopping obsessive physical behaviors.

Abilitech Closes on $7.4M Fundraise

The funding is aimed at accelerating commercialization of the Abilitech Assist, a device aimed at restoring mobility for people with upper-arm limitations.

Mayo Clinic Spinoff OneOme to Bring Genetic Testing Services to the Netherlands

Minneapolis-based OneOme is partnering with a Walgreens Boots Alliance subsidiary to pilot its genetic testing tool in Holland pharmacies.

Plymouth Med-Tech Mecca

Talent, land, and a supportive local government help drive high-paying jobs.

ShiraTronics Raises $33 Million, Adds CEO

Spun off from the accelerator NuXcel, ShiraTronics is a med-tech startup working on migraine headache treatment.

Feds OK CVRx Inc.’s Heart Failure Treatment Device

The Minneapolis medical device maker has received federal premarket approval for what it claims is the world’s first heart failure neuromodulation device.

Mayo Clinic, Boston Scientific Launch Med-Tech Accelerator

The new Motion Medical will accelerate the development of medical technology and new minimally invasive treatments for “unmet medical needs.”

Former Congressman Erik Paulsen Named to Cardiovascular Systems’ Board

The Republican politician, who lost his House seat to Dean Phillips in the 2018 election, replaces a retiring member of the board of directors of the St. Paul-based medtech company.

Eden Prairie Medical Supplier Key Surgical Acquires German Company

Two years after merging with a German competitor to form the world’s largest healthcare sterilization product supply company, Key Surgical has acquired German wholesaler Insitumed GmbH.

Medical Alley Reports $15 Billion in M&A Activity in 2019’s First Half

Acquisitions by UnitedHealth Group and 3M made up the bulk of M&A activity.

Minneapolis-based Agiliti Acquires Zetta Medical

The transaction is aimed at building Agiliti’s presence in the clinical engineering space.

Organ Implant Maker Miromatrix Spins Off Medical Device Arm

The spinoff enables Miromatrix to focus on its long-term goal of developing transplantable livers and kidneys from regenerated pig tissue.

Maple Grove Medical Device Maker MicroOptx Raising $16.8 Million

In its fifth and largest funding round yet, the company has raised $13.8 million from 48 investors.

Sansoro Health and Datica Health Merge

The new healthcare record-keeping company will be named Datica, and Sansoro’s CEO will lead it out of Minneapolis.

Medtronic Reports Cybersecurity Flaw in Insulin Pumps

The flaw could make the devices vulnerable to hackers, according to the company.

Bio-Techne Acquiring U of M startup B-MoGen BioTechnologies

The acquisition builds Minneapolis-based Bio-Techne’s cell and gene therapy product portfolio, and marks its 15th acquisition in five years.

Conventus Orthopaedics Names Rick Epstein CEO

Epstein brings more than 30 years of leadership experience in the medtech industry.

Displaying results 1-20 (of 358)
  < 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10  >