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Editorial Results (free)

1. FDA Requires Tracking Codes on Medical Implants -

WASHINGTON (AP) – Federal health regulators will begin tracking millions of medical devices, from pacemakers to hip replacements, using a new electronic system designed to protect patients by catching problematic implants earlier.

2. Study: Later Retirement May Help Prevent Dementia -

BOSTON (AP) – New research boosts the "use it or lose it" theory about brainpower and staying mentally sharp. People who delay retirement have less risk of developing Alzheimer's disease or other types of dementia, a study of nearly half a million people in France found.

3. Dynamic Imaging -

MRI Interventions Inc. is intensifying rollout efforts for its cutting-edge ClearPoint Neuro Intervention System imaging system.

4. Memphis-Based MRI Interventions Goes Public -

This week marks a milestone for Memphis-based MRI Interventions Inc., which began trading as a public company Monday, May 21.

5. Irving Leads Research Co. Animal Cell Therapies -

Adam M. Irving is chief executive officer of San Diego-based Animal Cell Therapies Inc., a company that develops stem cell treatments to treat a variety of ailments for animals. Irving is based in Memphis.

6. Medtronic Settles Kickback Claims -

MINNEAPOLIS (AP) – Medtronic Inc., the world's largest maker of medical devices, has agreed to pay $23.5 million to settle allegations that it paid kickbacks to doctors to implant its pacemakers and defibrillators, the U.S. Justice Department said Monday, Dec. 12.

7. Medtronic to Pay $23.5M to Settle Kickback Claims -

MINNEAPOLIS (AP) – Medtronic Inc., the world's largest maker of medical devices, has agreed to pay $23.5 million to settle allegations that it paid kickbacks to doctors to implant its pacemakers and defibrillators, the U.S. Justice Department said Monday.

8. Report: We Control Many Breast Cancer Risk Factors -

SAN ANTONIO (AP) – Women concerned about breast cancer should worry less about cellphones and hair dyes and worry more about weighing or drinking too much, exercising too little, using menopause hormones and getting too much radiation from medical tests. So says a new report on environmental risks by a respected panel of science advisers.

9. Medtronic Spent $1.18 Million Lobbying in Q2 -

WASHINGTON (AP) – Medtronic Inc., the world's largest medical device maker, spent nearly $1.18 million lobbying Congress in the second quarter on issues affecting its implants, according to a recent disclosure form.

10. Drug Stops HIV Among Hetero Couples, Not Just Gays -

ATLANTA (AP) – An AIDS drug already shown to help prevent spread of the virus in gay men also works for heterosexual men and women, two studies in Africa found. Experts called it a breakthrough for the continent that has suffered most from AIDS.

11. Medtronic Picks GE's Omar Ishrak as Next CEO -

NEW YORK (AP) — Medtronic Inc., the world's biggest medical device maker, said Wednesday that Omar Ishrak of GE Healthcare will become its new chairman and CEO in June.

12. SpyGlass ‘Huge’ Improvement for Stone Removal -

Memphis gastroenterologist Dr. Edward Cattau said he recently performed the city’s first electrohydraulic gastroenterology procedure, allowing for the removal of larger stones from the bile duct without an open surgery, making for a significantly shorter patient recovery time.

13. SurgiVision Gets FDA Approval -

Memphis-based SurgiVision Inc. has received FDA clearance to begin marketing the first of its medical imaging devices and is moving forward with its initial public offering.

14. Report: Medical Device Makers May Face Pressure -

NEW YORK (AP) – Medical device makers may face more pricing pressure and market shifts as U.S. hospitals pursue partnerships and closer relationships with their medical staff, according to Moody’s Investor Service.

15. Medical Imaging Makes Gains In Memphis -

Medical imaging is a fast-growing component of the health care industry, but one that has been slow to take root in Memphis.

That could be changing. SurgiVision Inc., which has quietly been filing new patents for MRI technology and attracting millions of dollars from research partners, is about to go public.

16. SurgiVision Inc. Plans Public Offering -

Memphis-based SurgiVision Inc. has filed an application for an initial public offering with the U.S. Securities and Exchange Commission.

17. Joint Venture -

Charles Redden remembers getting the call in April.

A sales associate for Smith & Nephew, Redden worked hospitals and clinics in Dallas – among the most lucrative regions for the British medical device maker whose U.S. headquarters is in Memphis. On the other end of the phone line was Redden’s boss, Jon Hebel, a former minor league baseball player and an area sales manager for Smith & Nephew.

18. Medtronic Q2 Profit Rises 59 Percent -

Medtronic Inc. reported a surprising 59 percent boost in second-quarter profit Tuesday, as increased sales of implantable heart devices defied reports of weakening demand from competitors.

19. Medtronic Raises CEO Pay 26 Percent to $8.9M -

WASHINGTON (AP) - Medtronic Inc., the world's largest medical device maker, paid Chief Executive Bill Hawkins $8.9 million in total compensation for fiscal 2009, a 26 percent increase, according to an analysis by the Associated Press.

20. Medtronic to Report Q4 Earnings Today -

Medical device maker Medtronic Inc. will report earnings for the fiscal fourth quarter 2009 today. The following is a summary of key developments and an analyst opinion related to the period.

21. Wis. Supreme Court Tosses Suit Against Medtronic -

MADISON, Wis. (AP) – Patients cannot sue the makers of potentially unsafe medical devices approved for sale by federal regulators, the Wisconsin Supreme Court ruled Tuesday.

The court ruled against a Wisconsin man who had surgery to remove a defibrillator after the manufacturer, Medtronic Inc., warned its battery had a chance of failing. The ruling is a victory for Minneapolis-based Medtronic and other manufacturers who want to limit product liability. Medtronic’s Spinal and Biologics Business is based in Memphis.

22. Medtronic Settles With Boston Scientific -

Boston Scientific Corp. and Medtronic Inc. announced on Tuesday the settlement of two lawsuits and an agreement to stand down in three others.

23. Outlook Bleak for Investment in Health Care Startups -

Venture capital fund managers gave a bleak outlook for new investments in startup health care companies at the Musculoskeletal New Ventures Conference this week, but they did note that people who choose to invest in proven companies could see big payoffs.

24. Boston Scientific Must Pay $250M to Medtronic -

A federal jury has awarded Medtronic Inc. $250 million in a patent dispute with medical device rival Boston Scientific Corp.

A jury in Marshall, Texas, found Tuesday that Natick, Mass.-based Boston Scientific infringed on three Medtronic patents covering technology to implant heart stents used in artery-clearing surgery.

25. Medtronic Gets FDA Approval for Endeavor, First New Drug-Coated Stent in 4 Years -

WASHINGTON (AP) - Medtronic on Friday received federal approval to sell its drug-coated stent, the first to hit the U.S. market since safety concerns sank their popularity two years ago.

The Food and Drug Administration said it cleared the company's Endeavor stent for use in patients with clogged arteries. Medtronic said it expects to ship 100,000 units to hospitals in February.

26. Appeals Court AffirmsMedtronic Patent Judgment -      A U.S. appeals court affirmed Monday earlier judgments from a long-running case that said Medtronic Inc. and Boston Scientific Corp. infringed patents for heart stents held by Johnson & Johnson's Cordis unit.
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27. Medical Device Manufacturers Could Benefit from Suit Against Medtronic -

WASHINGTON (AP) - The Supreme Court was scheduled to hear arguments Tuesday in a case that could give Medtronic Inc. and other medical device makers greater protection from multimillion-dollar product liability lawsuits.

28. Public Administrator Named for Probate Court -

The Shelby County Commission appointed Scott Peatross to the position of public administrator in Shelby County Probate Court. Peatross is a partner in the law firm of Bateman Gibson LLC. He graduated from Rhodes College and Tulane Law School.

29. Archived Article: Marketplace - By SUE PEASE Wright Medical prepares for public offering By SUE PEASE The Daily News A medical firm in Arlington, Tenn., is planning to go big-time with an initial public offering. Wright Medical Group Inc. registered with the Securities and Exchang...