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.
Health Care + Med Tech
Thousands of Minnesotans could be due payments from two life insurance companies that failed to pay beneficiaries when policy holders died.
St. Paul-based med-tech company MGC Diagnostics Corporation announced that CEO Gregg Lehman is leaving the firm to become CEO of a healthcare and wellness program provider.
The majority of Minnesota-based Bayer Interventional’s 350 employees work in Coon Rapids but Boston Scientific said it’s still determining whether it will keep all the existing workers.
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, 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.
Industry group LifeScience Alley tallies $60 million raised in the first quarter, a 25 percent increase.
Axis Clinicals' plant will employ 100 workers at a former Wal-Mart site in Dilworth.
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.
The FDA sent a warning letter to American Medical Systems, identifying issues related to “process validation, risk analysis, and corrective and preventive action procedures.”
The U.S. Court of Appeals removed a preliminary injunction that Vascular Solutions previously won against Boston Scientific.
The increase in sales for the medical device manufacturer’s implanted defibrillators and pacemakers contributed to its strong first quarter.
The Hennepin County Medical Center plans to build a 322,000-square-foot medical center across the street from its current emergency department in downtown Minneapolis.
Healthcare Engagement Solutions, developer of mobile technology suite Uniphy, raised over half a million dollars from angel investors and is planning for more.
The Minneapolis-based health care IT company continues to grow.
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.
Founded in 2008, Holaira is working to treat the debilitating symptoms of chronic obstructive pulmonary disease.
The $14 million provision included in Governor Mark Dayton’s budget funds the equivalent of about 218 full-time employees in the Department of Human Services.