Medtronic Stock Price, News & Analysis

Medtronic (NYSE:MDT) has launched the DEFINE AFib study, the first app-based research initiative aimed at understanding atrial fibrillation (AF) burdens and their effects on patient outcomes. Enrolling around 5,000 patients, the study utilizes data from the LINQ insertable cardiac monitors and the Medtronic Discovery App™. This remote study will enhance AF management through a machine learning approach, leveraging both device data and patient-reported information. Conducted with leading medical centers, it aims to personalize AF management strategies.

Medtronic plc (NYSE:MDT) presented significant clinical data at the American Diabetes Association's 81st Scientific Sessions, showcasing the InPen smart insulin pen and an extended-wear infusion set. Results indicated a 2.3% and 5% increase in Time in Range for users with glycemic management indicators over 8% and 9.5%, respectively, with no rise in hypoglycemia. Additionally, a study on the seven-day infusion set demonstrated sustained insulin delivery without severe adverse events. Both innovations aim to enhance diabetes management and patient experience.

Medtronic plc (NYSE: MDT) announced its participation in the ADA 81st Scientific Sessions from June 25-29, 2021. The company will present seven data presentations, including insights on its InPen smart insulin pen and Extended Infusion Set. Key studies include the impact of InPen on glycemic outcomes and results from the EWIS pivotal trial. Additionally, Medtronic will host a product theater and offer on-demand learning sessions, showcasing advancements in diabetes management technology aimed at improving patient care and glucose control.

On June 19, 2021, Medtronic (NYSE:MDT) successfully performed the first patient procedure using its Hugo™ robotic-assisted surgery (RAS) system at Clínica Santa María in Santiago, Chile. This milestone initiates the global patient registry for the Hugo RAS system, aimed at collecting clinical data for regulatory submissions worldwide. The system promises to enhance surgical precision while minimizing invasiveness, ultimately leading to better patient outcomes. However, the Hugo RAS system is not yet approved in the U.S. or Europe, with regulatory timelines yet to be determined.

Medtronic plc (NYSE: MDT) announced FDA expanded approval for its Arctic Front™ Family of Cardiac Cryoablation Catheters as an initial rhythm control strategy for recurrent symptomatic paroxysmal atrial fibrillation. This is the first approval allowing cryoablation before antiarrhythmic drug therapy failure. Results from the STOP AF First study showed cryoablation significantly outperforms drug therapy in preventing arrhythmia recurrence. Nearly 60 million people are affected by atrial fibrillation globally, with this new option providing a safer, effective alternative to traditional treatments.

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.

Medtronic plc (NYSE:MDT) announced the STROKE AF trial results showing the Reveal LINQ™ Insertable Cardiac Monitor (ICM) significantly outperformed standard care in detecting atrial fibrillation (AF) in stroke patients. The study involved 496 patients, revealing AF detection rates of 12.1% in the ICM group versus 1.8% in standard care. The findings underscore the importance of long-term monitoring for stroke prevention, as 78% of AF patients could have been missed with traditional monitoring. The results, published in JAMA, highlight the potential for ICMs to transform secondary stroke prevention practices.

Medtronic plc (NYSE:MDT) announced FDA approval and first implants of the SenSight™ Directional Lead System for Deep Brain Stimulation (DBS) therapy. This innovative system uniquely combines directionality with sensing abilities, allowing for precise treatment of movement disorders like Parkinson's disease. SenSight is designed to enhance patient comfort, enable personalized therapy, and provide valuable brain activity data. Following its initial U.S. implants at the University of Florida, a full U.S. launch is imminent. The product has also received CE Mark for Western Europe earlier this year.

Medtronic (NYSE:MDT) has received FDA clearance for its patient-specific UNiD™ Rods, enhancing the functionality of its CD Horizon™ Solera™ Voyager™ and Infinity™ OCT spinal systems. These rods, tailored using AI-driven pre-operative surgical plans, aim to reduce malalignment risks during spinal surgeries. The first successful surgery using the UNiD Rods was performed in Indianapolis, highlighting their potential to improve surgical precision and outcomes. Medtronic emphasizes the integration of AI, robotics, and personalized implants to revolutionize spine care.