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.
Health Care + Med Tech
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.
The Twin Cities topped the healthiest-cities-in-the-country index for the third straight year, and in a separate study Minnesota as a whole ranked as the healthiest state for seniors.
Medical care provider Mayo Clinic announced plans to expand its sports medicine practice with a 22,000-square-foot center to meet growing demands for its sports-related injury and rehabilitation expertise.
Although a complete list of health insurers that applied has not been made publicly available, several of the state’s major players are reportedly among those seeking approval.
Steele Smiley hopes his new deal with Under Armour will help Steele Fitness go national.
Healthland, which provides health care IT solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, which serves post-acute facilities.
Vascular Solutions’ CEO called a Boston Scientific product “one of the most blatant plagiarisms of a patented medical device that I have ever encountered”; Boston Scientific, meanwhile, said it believes the lawsuit is “without merit.”