WASHINGTON—The outgoing chief executive of Medtronic told employees Monday he will continue to lead the medical device manufacturer as its board of directors continues the search for a replacement. Minneapolis-based Medtronic previously announced that Hawkins would step down on April 29, the close of the company’s fiscal year. In a note to employees, Hawkins said [...]

Medtronic Inc. said Wednesday it is eliminating 268 jobs from its Twin Cities operations as part of cuts it announced in February. Medtronic (NYSE: MDT) spokesman Brian Henry said the medical device maker eliminated a total of 2,100 jobs worldwide, and it began notifying employees of the layoffs this week. He said some employees accepted early [...]

MINNEAPOLIS–(BUSINESS WIRE)– Medtronic, Inc. (NYSE:MDT – News) today announced that the U.S. Food and Drug Administration (FDA) has informed the company that issues noted in two warning letters — one from November 2009 regarding the company’s Mounds View, Minnesota facility and another from June 2009 regarding the company’s manufacturing facility in Juncos, Puerto Rico — [...]

In a possible sign of things to come for device makers, Medtronic has cancelled five contracts with Novation LLC, one of the largest contracting companies in the nation. The contracts cover orthopedic and cardiovascular products. “With an eye on removing costs from the health care system, Medtronic believes that we will be best able to [...]

MINNEAPOLIS–(BUSINESS WIRE)–Medtronic, Inc. (NYSE: MDT) today announced that it has completed the purchase of rights to a chitosan-dextran gel technology from Adelaide Research & Innovation Pty Ltd. (the commercial development company of the University of Adelaide) in Australia, Robinson Squidgel Ltd., and Otago Innovation Ltd. (a University of Otago company) in New Zealand. Medtronic is [...]

12/21/2010 MINNEAPOLIS–(BUSINESS WIRE)–An estimated 1.2 million people in the United States have an abdominal aortic aneurysm (AAA) – a dangerous bulge or ballooning in their bodies’ main artery1 that typically causes no symptoms until it ruptures, which can be deadly – and most of them don’t know it. But for those with a known AAA [...]

MINNEAPOLIS–(BUSINESS WIRE)–Medtronic, Inc. (NYSE: MDT) today announced the U.S. Food and Drug Administration (FDA) has classified the company’s previous action related to the Octopus Nuvo Tissue Stabilizer as a Class I recall. FDA classifies a recall as Class I when the agency believes that there is a reasonable probability that use of the recalled product [...]

Representing the broadest range of medical technology for the interventional treatment of cardiovascular disease, Medtronic, Inc. (NYSE: MDT), announced its schedule of events for Transcatheter Cardiovascular Therapeutics (TCT) 2010, which takes place Sept. 21-25 in Washington, D.C. The conference will prominently feature new data on the Resolute drug-eluting stent (DES), including the primary endpoint of [...]

Medical device makers Medtronic Inc., Johnson & Johnson and Stryker Corp. face new safety rules under a revamped program laid out by U.S. regulators that may help speed approval of products from condoms to CT scanners. The Food and Drug Administration released the proposed new requirements for the so-called 510(k) program that covers products similar to previously approved devices, [...]

Much ado about nothing? The whispers were gaining volume prior to this Tuesday (July 27) when an FDA advisory panel presented their decision. All the hubbub was about Medtronic’s (MDT) Amplify Spine Device and whether there was an increased risk of cancer associated with the new, yet to be approved product. Just in case you [...]