Medtronic News
Minneapolis-based was founded in 1949 as a medical equipment repair shop by Earl Bakken and his brother-in-law, Palmer Hermundslie. The company has roughly 40,000 employees.
The company reported worldwide revenue of $3.961 billion during Q3 2011 versus $3.851 billion during the same period of 2010.
Thus far in 2011, Medtronic has seen the FDA reject Amplify, a spine device that was linked to higher cancer malignancy than alternative procedures for degenerative disc disease patients. But it has also seen expansion in Asia with its opening facilities in Shanghai and Singapore.
At the end of 2010, Chairman and CEO William Hawkins announced his retirement as of April 29.
Most Popular Medtronic Story
Ishrak: Medtronic has eyes on overseas acquisitions
Medtronic ($MDT) is eyeing overseas acquisitions and has roughly $2 billion a year to spend, said Omar Ishrak at the J.P. Morgan Healthcare Conference in San Francisco, Bloomberg notes. However, Read more >>
Latest Headlines
- January 10, 2012
- January 4, 2012
- January 4, 2012
- December 19, 2011
- December 19, 2011
- November 22, 2011
- November 22, 2011
- November 9, 2011
- November 2, 2011
- November 2, 2011
- October 30, 2011
- October 27, 2011
- October 26, 2011
- September 30, 2011
- September 21, 2011
- September 6, 2011
- August 30, 2011
- August 28, 2011
Paid Research Reports
- Trends in mHealth and Telemedicine
- The Global Aesthetic Dermatology Market Outlook
- Future Directions in Regenerative Medicine
- Pipeline Insight: Insulin Antidiabetics – Novel analogs show promise as alternative delivery methods prove less attractive
- Pipeline Insight: Non-insulin Antidiabetics - Rise of the weight-reducers: Once-weekly GLP-1 agonists and novel SGLT-2 inhibitor
- Forecast Insight: Antidiabetics - Diabetes market growth driven by epidemiological trends and rich pipeline
