Medtronic Stock Price, News & Analysis

Medtronic announced positive results for its Affera™ Mapping and Ablation System with Sphere-9™ Catheter in treating persistent atrial fibrillation (AFib). This all-in-one catheter showed excellent safety and efficacy in the SPHERE Per-AF trial, outperforming the control arm. The Sphere-9 Catheter achieved a primary safety endpoint rate of 1.4% compared to 1.0% for the control arm. It demonstrated 73.8% freedom from AFib versus 65.8% for the control group. The Sphere-9 system also improved procedural efficiency and quality of life for patients. The trial had 420 participants from the U.S., Czech Republic, and Israel. These results have propelled Medtronic closer to obtaining FDA approval for Sphere-9 in the U.S.

Medtronic announced positive results from the LEADR Pivotal Trial of its investigational OmniaSecure™ defibrillation lead, which met primary safety and effectiveness endpoints. Presented at Heart Rhythm 2024 and published in Heart Rhythm journal, the study showed a 97.5% success rate in defibrillation testing and a 97.1% complication-free rate at six months, exceeding the prespecified goals of 88% and 90%, respectively. The OmniaSecure lead, the smallest transvenous defibrillation lead, demonstrated zero fractures within 12 months and a 97.9% implant success rate. The trial involved 675 patients across 17 countries. Medtronic aims to present additional reliability data soon and has initiated the LEADR LBBAP study to evaluate the lead in Left Bundle Branch Area Pacing.

Medtronic has secured the No. 2 spot on Fair360's 2024 Top 50 Companies for Workplace Fairness for the second consecutive year, marking its third year in the top 10. This recognition highlights Medtronic's commitment to inclusion, diversity, and equity (ID&E) in the workplace.

Key initiatives like the Medtronic Advancement Pathways & Skill-building (MAPS) program, which offers 100% tuition coverage for eligible employees, underscore this commitment. Notably, Candi Sneed, a beneficiary of MAPS, has successfully graduated with a degree in Electrical Engineering and now serves as a senior analyst.

Medtronic's leadership emphasizes that diverse perspectives are important for innovation and competitiveness. The Fair360 survey evaluates companies on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.

The announcement was made during the annual Fair360 Top 50 event held on May 13, 2024.

Blue Yonder announced the winners of its 2024 ICONic Customer Awards during the annual Blue Yonder ICON conference on May 14, 2024, in Dallas. These awards recognize companies excelling in digital transformation of their supply chains using Blue Yonder's solutions. Notable winners include Meijer and Woolworths in Retail Renaissance, Ingredion and Coca-Cola Beverages Florida in Supply Chain Planning Resiliency, Alcon and ABINBEV in Execution Innovator, Arcadia Cold in Supply Chain Sustainability, Micron Technology and Postobón in Digital Disruptor, and Medtronic in Innovation Visionary.

Each winning company leveraged Blue Yonder’s advanced technologies to achieve significant improvements in areas like efficiency, customer satisfaction, sustainability, and forecasting. For example, Medtronic increased its statistical forecast accuracy by 13 points, and ABINBEV reduced light loads by over 80% using Blue Yonder's solutions.

Medtronic's latest technology, the MiniMedTM 780G system with Meal DetectionTM technology, is helping individuals like Jodie Snavely manage their type 1 diabetes effectively. The system automatically adjusts and corrects sugar levels every five minutes, preventing blood sugar spikes. This advancement in diabetes management technology provides peace of mind to users by maintaining stable blood sugar levels, reducing the need for constant monitoring and worry.

Medtronic plc (NYSE:MDT) will announce its financial results for the fourth quarter and full fiscal year 2024 on Thursday, May 23, 2024. The company will release summary financial information for the period ending on Friday, April 26, 2024. The results will be discussed in a video webcast at 7:00 a.m. CDT on the same day, with a replay and transcript available within 24 hours. Medtronic plans to report fiscal year 2025 results on various dates later in the year.

In a recent press release by Medtronic, Chief Scientific and Medical Officer Laura Mauri discusses the intersection of healthcare and technology in achieving longevity. While many Americans aspire to live past 90, the survey reveals a preference for a shorter, healthier life. Despite belief in healthcare technology, engagement in preventative measures remains low. Medtronic aims to bridge this gap by providing innovative solutions that enhance patient outcomes and experiences. By sharing four actions under the acronym T.E.C.H., individuals are encouraged to take charge of their health and well-being.

Medtronic's groundbreaking SMART clinical trial focusing on women with aortic stenosis marks a pivotal moment in women's health. The study compared Medtronic's Evolut transcatheter aortic heart valve system with Edwards Sapien, revealing superior performance of the Evolut system. Female-specific data from the trial sheds light on gender inequities in heart health care, emphasizing the need to address underrepresentation of women in clinical trials.