STOCK TITAN

Medtronic Announces FDA Approval of its Next Generation Recharge-Free Spinal Cord Stimulation Platform

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

Medtronic plc (NYSE: MDT) has received FDA approval for its Vanta™ neurostimulator, a recharge-free implantable device with a lifespan of up to 11 years, nearly doubling that of competitive devices. It features AdaptiveStim™ technology, which adjusts to patient movement, offering personalized pain relief. The device is designed for broad MRI compatibility, crucial for the 82% of spinal cord stimulation patients requiring MRI scans within five years. The Vanta is 20% smaller than its predecessor and includes data insights via Snapshot™ reporting.

Positive
  • FDA approval for Vanta neurostimulator enhances product offering.
  • Device life of up to 11 years is nearly double that of competitors, improving market competitiveness.
  • AdaptiveStim technology allows personalized and automated pain management.
  • 20% smaller and more ergonomic than PrimeAdvanced, potentially increasing user comfort.
  • Broad MRI access addresses critical patient needs.
Negative
  • None.

DUBLIN, June 10, 2021 /PRNewswire/ -- Medtronic plc (NYSE: MDT), the global leader in medical technology, today announced it has received U.S. Food and Drug Administration (FDA) approval for Vanta™, a high performance recharge-free implantable neurostimulator (INS) with a device life that can be optimized up to 11 years. At comparable settings, the Vanta neurostimulator offers nearly twice the device life than competitive primary cell devices.1,2 It also utilizes Medtronic's proprietary AdaptiveStim™ technology for personalized pain relief that adapts to the patient's movement or body position using a built-in accelerometer. AdaptiveStim technology goes beyond in-office programming by automatically adjusting stimulation to maintain each patient's optimal dose. The Vanta neurostimulator also provides unmatched full-body MRI access with Medtronic SureScan™ technology.3 Approximately 82% of SCS-implanted patients will need at least one MRI within five years of implant.4

"Not every patient with chronic, intractable pain is an ideal candidate for a rechargeable device, so the Vanta INS represents a welcome addition to my portfolio of available treatment options," said Krishnan Chakravarthy, M.D., Ph.D., a San Diego-based interventional pain management physician. "The extended battery life, broad MRI compatibility and personalized relief through AdaptiveStim technology allow for a more hassle-free experience and greater freedom for my patients as we manage their chronic pain."

Medtronic is continually innovating to advance spinal cord stimulation therapy technologies that improve quality of life for people with chronic pain. The Vanta neurostimulator represents a 10% increase in longevity compared to PrimeAdvanced™, Medtronic's previous generation recharge-free device. It is also 20% smaller than the PrimeAdvanced neurostimulator, with a more rounded, ergonomic contouring to offer enhanced comfort. The Vanta system provides access to Snapshot™ reporting, Medtronic's proprietary data insights solution, offering clinicians objective reporting of patient activity levels to empower objective health conversations. Clinicians and their patients wishing to trial the Vanta neurostimulator may also take advantage of CareGuidePro™, a mobile application and web portal that serves as a virtual guide for patients throughout their Medtronic spinal cord stimulation therapy journey. CareGuidePro is currently in limited commercial release with a full launch expected later this summer.

"We are committed to delivering innovative solutions that meets the needs of every patient," said Charlie Covert, vice president and general manager, Pain Therapies within the Neuromodulation business, which is part of the Neuroscience Portfolio at Medtronic. "For those who prefer or require a recharge-free device, I believe the Vanta neurostimulator offers the best hardware and features available today. We are pleased to offer this solution, which is now part of the strongest and broadest overall portfolio in this market."

Medtronic continues to focus on expanding access to its highly effective DTM™ SCS therapy through pre-clinical and clinical work. DTM SCS is currently available on the rechargeable Intellis™ SCS platform, and the company expects to share more information about its availability across the entire Medtronic spinal cord stimulator portfolio later this summer.

About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

References

  1. Settings used from Abbott's Proclaim™ clinician manual. Nominal settings 12 hours per day: 50-Hz frequency, 225-μs pulse width, and 5-mA amplitude at 500-ohms impedance. Compared to flagship model 3660.
  2. Settings from Boston Scientific's Alpha™ IFU. Programmed at 4.1mA, 280us, 40 Hz, 1 area, 730 Ohms, 2 contacts.
  3. Under specific conditions. Refer to product labeling for full list of conditions.
  4. Desai MJ, Hargens LM, Breitenfeldt MD, et al. The rate of magnetic resonance imaging in patients with spinal cord stimulation. Spine. 2015;40(9):E531-537.

Contacts:

Jeff Trauring

Ryan Weispfenning

Public Relations

Investor Relations

+1-763-505-0159

+1-763-505-4626

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/medtronic-announces-fda-approval-of-its-next-generation-recharge-free-spinal-cord-stimulation-platform-301309781.html

SOURCE Medtronic plc

FAQ

What is the Vanta neurostimulator approved by Medtronic?

The Vanta neurostimulator is a high-performance, recharge-free implantable device designed to manage chronic pain with a lifespan of up to 11 years.

When did Medtronic receive FDA approval for the Vanta neurostimulator?

Medtronic announced FDA approval for the Vanta neurostimulator on June 10, 2021.

What are the key features of the Vanta neurostimulator?

Key features include AdaptiveStim technology for personalized pain relief, a device life of up to 11 years, and broad MRI compatibility.

How does the Vanta neurostimulator compare to previous devices?

The Vanta neurostimulator offers a 10% increase in battery life and is 20% smaller than Medtronic's PrimeAdvanced device.

What is the market potential for the Vanta neurostimulator?

The Vanta neurostimulator is expected to capture significant market share due to its advanced technology, extended device life, and broad MRI compatibility.

Medtronic plc

NYSE:MDT

MDT Rankings

MDT Latest News

MDT Stock Data

108.75B
1.28B
0.26%
85.42%
0.79%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
Link
United States of America
GALWAY