Medtronic Stock Price, News & Analysis

Medtronic celebrates International Women's Day by promoting its Advanced Pathways & Skill Building (MAPS) program, aimed at supporting employee education and career growth. The MAPS initiative offers 100% tuition coverage for eligible employees in the U.S. and Puerto Rico, allowing them to pursue their undergraduate degrees without upfront costs. Anaisa Rojas Brache, a manufacturing operator, shares her journey from the Dominican Republic to a leadership role at Medtronic, enabled by this program. Statistics highlight that while women make up 48% of entry-level hires, only 38% reach first-level management, underscoring the need for initiatives like MAPS to foster gender equity.

Medtronic (NYSE: MDT) announced that its PulseSelect™ Pulsed Field Ablation (PFA) System achieved significant results in the PULSED AF clinical study. With an adverse event rate of just 0.7%, it surpassed safety performance goals, marking one of the lowest rates in FDA investigational trials for atrial fibrillation (AF). The trial, involving 300 patients across 41 sites in nine countries, demonstrated a clinical success rate exceeding 80% for both paroxysmal and persistent AF. The study's results were presented at the American College of Cardiology session and published in Circulation, highlighting the PulseSelect System as a promising new treatment option for AF.

Medtronic plc (NYSE: MDT) announced an 8% increase in its fourth quarter fiscal year 2023 cash dividend, raising it to $0.68 per ordinary share. The dividend, consistent with prior announcements, underscores Medtronic's status as a member of the S&P 500 Dividend Aristocrats, having increased its annual dividend for 45 consecutive years. The payment will occur on April 14, 2023, to shareholders of record as of March 24, 2023. Medtronic, headquartered in Dublin, Ireland, is a leader in healthcare technology, addressing significant health challenges with innovative solutions.

Medtronic emphasizes the gender bias in heart disease detection and treatment, as research shows that less than 40% of clinical studies include women. The company aims to diversify its clinical research to better understand and treat female heart disease patients. Notably, an upcoming study on heart valve replacement will primarily enroll women, aiming to correct historical data disparities. Experts assert that tailored approaches can improve diagnosis and care for women, addressing the differences in symptoms and physiology compared to men. Medtronic's initiative reflects an important move towards inclusive healthcare.

Medtronic plc (NYSE: MDT) will participate in the 43rd annual Cowen Healthcare Conference on March 6, 2023. The session will feature Karen Parkhill, executive vice president and CFO, who will address questions starting at 10:30 a.m. EST. A live webcast can be accessed on Medtronic's investor relations website, with an archive available later that day. Medtronic, based in Dublin, Ireland, is a global leader in healthcare technology, committed to tackling major health issues through innovation. The company's mission is to alleviate pain and extend life, impacting lives globally.

Medtronic (NYSE:MDT) has announced positive one-year results from the ADAPT study, demonstrating the superiority of its MiniMed™ 780G advanced hybrid closed loop system (AHCL) over conventional insulin injections for adults with type 1 diabetes. Participants using AHCL achieved a 1.4% reduction in HbA1C and a 27.6% increase in Time in Range (TIR). Additionally, findings from the CLVer Trial revealed that youth using automated insulin delivery systems had a TIR of 78% compared to 64% for standard care. These results were presented at the ATTD Conference in Berlin, supporting the shift towards early automated insulin therapy in diabetes management.

Medtronic plc (NYSE:MDT) reported Q3 FY2023 results with revenues of $7.7 billion, flat as reported but up 4.1% organic, exceeding expectations. GAAP diluted EPS fell 16% to $0.92, while non-GAAP diluted EPS decreased 4% to $1.30, also above forecasts. Notable growth was seen in the Cardiovascular and Neuroscience portfolios, contributing to a positive revenue outlook. The company raised its FY23 organic revenue growth guidance and EPS outlook, anticipating 4.5% to 5.0% organic revenue growth in Q4, despite potential foreign currency impacts of $165 million to $215 million.

Medtronic employee Ron Garber, whose daughter tragically passed away from the rare neurological condition 4H Leukodystrophy, has founded the Yaya Foundation to support families affected by the disease. Since its inception, the foundation has raised over $1.5 million, aided by Medtronic's Matched Giving program. Recognized by the Chan Zuckerberg Initiative, the foundation has launched significant research initiatives, including collaborations with the Broad Institute, focusing on therapeutic discovery. Garber emphasizes the importance of community support and the role of Medtronic in advancing knowledge and care for this condition.