Medtronic

Source: news.yahoo.com --- 5 days ago
Timing is everything in the news business. Whether a story gets major or minor treatment, becomes fodder for commentary, or "goes national" is often a matter of what else is going on at the time ... ...

Source: online.wsj.com --- 9 days ago
Congress is probing payments by Medtronic to spine doctors working on a bone-graft product, which has been linked to life-threatening complications. ...

Source: twincities.bizjournals.com --- 12 days ago
Federal regulators have classified a letter Medtronic sent to doctors regarding certain products a recall. (MDT) ...

Source: www.businesswire.com --- 18 hours ago
MINNEAPOLIS--(BUSINESS WIRE)--Medtronic, Inc. (NYSE:MDT), today announced its plans for the Transcatheter Cardiovascular Therapeutics (TCT) meeting Oct. 12–17 ...

Source: www.medicalnewstoday.com --- 4 days ago
Medtronic and the Scoliosis Research Society launched Spine Check - a new program designed to help promote scoliosis screenings for middle school and junior high school students. The Scoliosis Research Society (SRS), one of the world's premier spine societies, and Medtronic are supporting the Spine Check program to help improve the overall spinal health of students. ...

Source: www.charlotte.com --- 9 days ago
Senate lawmakers are pressuring Medtronic to disclose more about its consulting arrangements with physicians, citing prior allegations the company paid kickbacks to surgeons to boost sales of spinal implants. In separate letters issued Tuesday, Sens. Charles Grassley, R-Iowa, and Herb Kohl, D-Wis., asked the company to provide details about physicians who receive company payments for consulting services. The two lawmakers have repeatedly criticized the influence pharmaceutical and medical device companies hold over physicians. A bill written by the senators would require companies to disclose all payments to physicians over $500, and last week Eli Lilly became the first drugmaker to volunteer to publish such information. "I hope that Medtronic will consider making public its payments to physicians in the future and thereby show similar leadership in the device industry," Grassley wrote in a letter to Medtronic Chief Executive Bill Hawkins. Minneapolis-based Medtronic is the world's largest device maker. The company said it is "very supportive of industrywide transparency" in a statement, and pointed out it has supported Grassley and Kohl's bill. In 2006 Medtronic reached a $40 million settlement with the U.S. Department of Justice to settle charges that it paid physicians millions in kickbacks to use its spinal repair products. Medtronic denied any wrongdoing. As part of the arrangement, the government agreed to seek dismissal of ...

Source: www.kare11.com --- 12 days ago
The 27th Annual Medtronic Twin Cities Marathon will be happening on Sunday, Oct. 5, but the festivities start on Friday. ...

Source: www.kare11.com --- 9 days ago
Medtronic is warning physicians about issues with some of its implantable drug pump systems that have been linked to one patient death and ...

Source: law.taragana.net --- 11 days ago
Medical device maker Medtronic finds itself pulled into a whistleblower lawsuit filed more than 130 orthopedic spine surgeons, neurosurgeons, medical practices and distributors of taking kickbacks from Medtronic for using their products, promoting off-label use of FDA-approved medical devices and filing Medicare claims in violation of the False Claims Act, among other things. The whistleblower is [...] ...

Source: www.emaxhealth.com --- 13 days ago
Medical device maker Medtronic finds itself pulled into a whistleblower lawsuit filed against 100 spine physicians that claims they received unwarranted Medicare money and kickbacks from Medtronic to use their devices. Plaintiffs and former employees, Jacqueline Kay Poteet and Bobbie Vaden, accused more than 130 orthopedic spine surgeons, neurosurgeons, medical practices and distributors of taking kickbacks from Medtronic for using their products, promoting off-label use of FDA-approved medical devices and filing Medicare claims in violation of the False Claims Act, among other things. read more ...

Source: www.newsinferno.com --- 9 days ago
Medtonic’s Infuse Bone Graft device is now the subject of a congressional probe. Off-label use of Infuse Bone Graft has linked to life-threatening complications, and lawmakers want to know if Medtronic paid consulting fees to spine doctors to encourage use of the device in unapproved procedures. While doctors are permitted to use approved medical devices [...] ...

Source: www.usrecallnews.com --- 9 days ago
FDA has issued a Class I Recall on Medtronic Neuromodulation INDURA IP intrathecal catheters, sutureless pump connector revision kits and intrathecal catheter pump segment revision kits. ...

Source: greenville-nc.injuryboard.com --- 10 days ago
The FDA has issued a recall for Medtronic drug pumps. The recall notice came Friday . The pumps involved are the Indura 1P Intrathecal Catheter, model 8709SC; Intrathecal Catheter, model 8731SC; Sutureless Pump Connector Revision Kit, model 8578, and Intrathecal Catheter Pump Segment Revision Kit, model 8596SC. The pumps are used in patients who have spasticity related to cystic fibrosis, traumatic brain injury and multiple sclerosis and from chronic pain. The FDA issued a Class I recall which means that there is a "reasonable probability" that the product may cause serious adverse health consequences or death. Improper connections between the implanted catheter and the pump cause the medications to leak. At least 25,000 of these pumps have been sold. Originally posted at InjuryBoard by Jean Martin ...

Source: www.minnpost.com --- 3 days ago
The IRS says Medtronic used a Swiss subsidiary to improperly avoid paying certain taxes a decade ago. And now it wants the Fridley-based medical device maker to pay up to the tune of $53.6 million, MarketWatch reports. Medtronic disputes the bill and has requested a trial in U.S. Tax Court. The company says the IRS decision is based on rules that didn't exist before 2005, nine years after it arranged the tax setup with the help of an outside economist. Technology companies often use similar methods overseas. Both Sens. John McCain and Barack Obama have suggested they'll crack down on the practice. ...

Source: www.devicelink.com --- 4 days ago
Medtronic in 1998 sued BrainLAB, a developer of image-guided therapies, for patent infringement. Ten years later, a federal court has ruled that instead of the defendant paying Medtronic, the reverse should happen, reports healthimaging.com. The U.S. District Court for the District of Columbia said Medtronic should pay BrainLAB $4.38 million as reimbursement for attorney fees, [...] ...

Source: www.devicelink.com --- 3 days ago
Medtronic’s Endeavor drug-eluting stent has lagged behind Abbott’s Xience V and other rivals because it is not sold with the rapid exchange catheter, a delivery system that a lot of cardiologists prefer. The patent is held by Abbott and expires this year. But Abbott is seeking a three-year extension on it until 2011, under a [...] ...

Source: www.attorneydaily.com --- 2 days ago
On September 26, 2008, the FDA announced a recall for implantable drug pumps manufactured by Medtronic Inc. In June 2008, Medtronic Inc. issued a safety alert for the devices after improper connections between implanted catheters and pumps that deliver infused drugs were detected in 83 patients, along with one death. The FDA has classified the alert [...] ...

Source: www.topix.com --- 3 days ago
Medtronic Inc.'s Endeavor heart stent may get a $114 million sales boost and reverse its losses to rivals if the device maker wins a patent dispute against Abbott Laboratories, said Chief Executive Officer ... ...

Source: www.topix.com --- 3 days ago
When Medtronic Inc. arranged to trim its tax bill by licensing intellectual property to a Swiss subsidiary, Bill Clinton was campaigning for his second term as president and "Braveheart" was playing in movie ... ...

Source: westpalmbeach.injuryboard.com --- 20 hours ago
There is always an ounce of concern among manufacturers about consumer safety, and a pound of worry about the results of statistical risk benefit analyses attached to products. It is also understandable that manufacturers engage in producing innovative and useful medical devices for profit. And certainly, over the years, medical device manufacturers have elevated our health care system to new heights, promoting life-saving therapy and demanding higher standards of care. Attorney Brenda Fulmer has recently joined Searcy Denney Scarola Barnhart & Shipley of West Palm Beach, Florida. As a result of litigating medical device and pharmaceutical cases Attorney Fulmer has observed that in the past, scientists and inventors discovered something new and then developed companies around the discovery to serve the consumer. Today, MBAs are at the helm of most larger drug companies and medical device manufacturers, and those business types tend to keep both eyes focused on the bottom line. Executives who do not fully comprehend the science behind a discovery think that the further ahead a company is in front of its competition, at all costs, the greater the bottom line will be. It's simple. Scientists look at profit as a watershed for working miracles, and feel that they must consider safety first. And most non-scientists who manage device manufacturers think of safety as part of a calculated risk versus benefit model. In using the risk benefit mo ...