Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.
Health Care + Med Tech
Mayo Clinic ranked third in the country, while four other Minnesota hospitals earned a “national ranking” on the recently released list.
Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.
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.
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.
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.
Prime Therapeutics, which added 443 jobs locally in the past year, recently announced its next location for significant job growth: Irving, Texas. The Eagan-based company plans to add 200 new positions there.
Uroplasty, which delayed filing its annual financial report last month due to possible issues regarding how it paid employees, has been given 60 days to explain how it will regain compliance with Nasdaq requirements.
The employer-shared responsibility provision in the health care reform law requires large employers to meet specific standards in order to avoid penalties. Now they have an extra year to comply.
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.
Urologix paid Medtronic $2 million of the $7.5 million it owes for the licensing of a Medtronic, delaying payment for the remainder of the sum.
Local biotechnology company Rebiotix’s fecal transplant product has been accepted into the U.S. Food and Drug Administration’s Fast Track program.
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.
Medtronic, however, claims that the new findings confirm those of earlier studies, and that the product is safe and effective but carries some risks that must be weighed by patients and physicians.
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.
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.
Through the Medica Healthy Savings program, eligible Medica members in Minnesota can receive discounts on healthy food products from several area grocery retailers.
IntriCon Corporation’s restructuring plans call for eliminating 35 global jobs and transferring work currently performed in Maine to Minnesota.