Medtronic Stock Price, News & Analysis

Medtronic plc (NYSE:MDT) and OLV Hospital Aalst announced the first clinical procedure in Europe using the Hugo™ robotic-assisted surgery (RAS) system, performed by Dr. Alexandre Mottrie. This significant milestone showcases advances in minimally invasive surgery, which offers benefits like fewer complications and shorter recovery times. The Hugo RAS system aims to enhance accessibility to surgical robotics. As a part of its global rollout, Medtronic plans to collect clinical data from procedures in Europe, further supporting future regulatory submissions.

Medtronic (NYSE:MDT) has received FDA approval for its Intellis™ rechargeable neurostimulator and Vanta™ recharge-free neurostimulator, targeting chronic pain from diabetic peripheral neuropathy (DPN). DPN affects around 30% of diabetes patients, often leading to significant pain and diminished quality of life. This new therapy offers personalized treatment options and has shown a 70% pain relief rate in patients, compared to 6% for conventional treatments. With an estimated 800,000 potential U.S. candidates, Medtronic sees a $1.8 billion market opportunity for this new indication.

Medtronic plc (NYSE: MDT) announced positive results from a three-month study of its DTM SCS endurance therapy for chronic pain. The therapy showed a 3.9 cm reduction in overall pain, with patients experiencing a 4.3 cm decrease in back pain and a 5.0 cm drop in leg pain. 69% of patients reported less disability, and 75% expressed satisfaction with the treatment. The therapy enhances device longevity, offering 5.5-7.5 years on the Vanta™ stimulator and rapid recharge options on Intellis™. These findings underscore the therapy's effectiveness and potential for improving quality of life.

Medtronic (NYSE:MDT) announced its participation at the 25th Annual North American Neuromodulation Society meeting from January 13-15, 2022, in Orlando, Florida. The company will present 23 podium and poster presentations, showcasing advancements in DTM™ SCS endurance therapy for chronic pain. Key presentations include studies on energy demands and therapeutic comparisons with traditional spinal cord stimulation. Medtronic aims to highlight innovative technologies and enhance patient care through detailed scientific discussions and evidence from sponsored research.

Medtronic plc (NYSE:MDT) announced on Jan. 10, 2022, that it received approval from Japan's Ministry of Health for the sale and reimbursement of its Micra™ AV Transcatheter Pacing System. This approval allows for the treatment of patients with AV block, expanding the patient base significantly in one of the world's largest markets. The Micra AV offers leadless pacing technology, enhancing patient safety by eliminating surgical leads. This follows findings from the MARVEL 2 study, underscoring the device's effectiveness in synchronizing heart pacing.

Medtronic has received approval from China's National Medical Products Administration for its CoreValve™ Evolut™ PRO TAVR system, aimed at treating symptomatic severe aortic stenosis in high-risk patients. This marks the first approval for Medtronic's self-expanding TAVR system in China, based on data from over 32,000 patients showcasing high survival rates and low stroke occurrences. The commercial launch is expected in early 2022, addressing the growing clinical demand due to China's aging population. Severe aortic stenosis affects over 5 million people in China, with numbers projected to rise to 7 million by 2030.

Medtronic (NYSE:MDT) announced a definitive agreement to acquire Affera, Inc., enhancing its cardiac ablation portfolio and marking its entry into cardiac mapping and navigation technologies. This strategic move is aimed at addressing the growing market for cardiac arrhythmia treatments, particularly atrial fibrillation, impacting nearly 60 million people globally. The acquisition is expected to close in the first half of fiscal year 2023 and will have a minimal dilutive effect on Medtronic's earnings per share in the first three years, with a projected dilution of 5 cents in years one and two, and 3 cents in year three.

Medtronic plc (NYSE: MDT) has announced its participation in the 40th annual J.P. Morgan healthcare conference, set for January 10, 2022. Chairman and CEO Geoff Martha will present and engage in a Q&A session starting at 8:15 a.m. EST. Investors can access a live webcast of the event via Medtronic's investor relations page. The session will also be archived for later viewing. Medtronic is a prominent healthcare technology company focused on innovative therapies for a range of health conditions, committed to improving global health outcomes.

Titan Medical Inc. (Nasdaq: TMDI; TSX: TMD) announces the successful completion of the final milestone under its development and license agreement with Medtronic plc (NYSE: MDT). This achievement will facilitate Titan's receipt of a license payment and the retirement of Medtronic's secured loan to Titan, expected within this month. The technologies developed may be used by both companies, with Titan retaining global rights for its Enos™ robotic surgical system. CEO Paul Cataford highlights the significant collaboration and achievement amidst COVID-19 challenges.