Welcome to our dedicated page for Medtronic news (Ticker: MDT), a resource for investors and traders seeking the latest updates and insights on Medtronic stock.
Medtronic plc (NYSE: MDT) is a Galway, Ireland-based healthcare technology company whose news flow reflects its broad activity in medical devices, diabetes technology, surgical robotics, and cardiovascular therapies. Company announcements frequently highlight regulatory milestones, clinical evidence, product launches, capital markets activity, and corporate governance developments that matter to investors and healthcare professionals following MDT stock.
Recent news has featured U.S. Food and Drug Administration clearances for key technologies, including the Hugo robotic-assisted surgery (RAS) system for urologic procedures and the MiniMed Go Smart Multiple Daily Injection (MDI) system, which connects the InPen smart insulin pen and the Instinct sensor made by Abbott through the MiniMed Go app. Medtronic has also reported on the broad U.S. commercial launch of the MiniMed 780G automated insulin delivery system integrated with the Instinct sensor, expanding its diabetes technology ecosystem.
Investors can also track Medtronic’s cardiovascular and hypertension-related developments, such as the final National Coverage Determination from the U.S. Centers for Medicare & Medicaid Services for the Symplicity Spyral renal denervation system, and updates on growth drivers like pulsed field ablation and other cardiovascular therapies discussed in earnings releases. Financial news includes quarterly earnings reports, guidance updates, dividend declarations, and details of senior notes offerings and redemptions.
This MDT news page aggregates coverage of topics including diabetes business developments (such as the planned MiniMed IPO registration), conference presentations, leadership and board changes, and major clinical or reimbursement milestones. Readers interested in Medtronic’s role in chronic disease management, minimally invasive surgery, and global healthcare technology can use this page to follow ongoing announcements and review the company’s evolving strategic priorities over time.
Medtronic plc (NYSE: MDT) has launched a pilot program with Mpirik, aimed at addressing disparities in care for sudden cardiac arrest (SCA). This collaboration seeks to identify high-risk patients through Mpirik's AI platform, Cardiac Intelligence®, by screening electronic health records at five hospitals.
The program aims to tackle treatment disparities affecting women and men of color, who receive implantable cardioverter defibrillators (ICDs) at lower rates than white men. Through this initiative, Medtronic aims to enhance patient care and reduce inequalities in treatment.
Medtronic (NYSE:MDT), a leader in medical technology, will participate in several virtual investor conferences. Key events include the Wells Fargo Healthcare Conference on September 9, featuring Bob White at 10:40 am EDT; the Morgan Stanley Global Healthcare Conference on September 14 with Geoff Martha at 10:15 am EDT; and the BofA Global Healthcare Conference on September 17 at 12:35 pm EDT, with Rob ten Hoedt. Live webcasts will be available, with archived recordings later. Medtronic aims to enhance global healthcare solutions.
Medtronic plc (NYSE:MDT) released promising results from the NAVABLATE study, presented at the European Respiratory Society International Congress 2021, demonstrating the safety and efficacy of bronchoscopic microwave ablation for malignant lung nodules. The study involved 30 patients from the UK and Hong Kong, achieving 100% technical success with only a 3.3% adverse event rate. This method offers a new treatment option for patients ineligible for surgery or stereotactic body radiation therapy. The Emprint Ablation Catheter Kit has received Breakthrough Device Designation from the FDA.
BetterInvesting Magazine has designated Medtronic PLC (NYSE: MDT) as its 'Stock to Study' and D.R. Horton Inc. (NYSE: DHI) as its 'Undervalued Stock' for the November 2021 issue. This announcement underscores the importance of self-guided investment education, especially in light of recent Social Security discussions. CEO Ken Zendel emphasizes the need for individuals to take charge of their financial futures. The selections aim to assist investors in making informed decisions. More information can be found through BetterInvesting's online tools.
Medtronic (NYSE: MDT) announced FDA approval for its Evolut™ FX transcatheter aortic valve replacement (TAVR) system on August 24, 2021. This advanced device aims to improve ease-of-use and precision for patients suffering from symptomatic severe aortic stenosis. The Evolut FX system maintains superior hemodynamic performance and offers new features for enhanced visualization during procedures. Plans for limited commercial release in fall 2021 and a full launch in early 2022 highlight its market potential.
Medtronic plc (NYSE: MDT) reported Q1 fiscal 2022 results with revenue of $8.0 billion, a 23% increase year-over-year. GAAP diluted EPS was $0.56, up 56%, while non-GAAP diluted EPS rose 127% to $1.41. U.S. revenue grew 22% to $4.1 billion, comprising 51% of total revenue. The company reiterated its FY22 revenue guidance at approximately 9% growth and raised its EPS forecast by $0.05 to a range of $5.65 to $5.75. Medtronic highlighted significant growth in several divisions, including Surgical Innovations and Cardiovascular, indicating a strong recovery from COVID-19 impacts.
On August 20, 2021, Medtronic plc (NYSE: MDT) announced a cash dividend of $0.63 per ordinary share for Q2 of fiscal year 2022, reflecting a 9% increase from the previous year. This marks the company's 44th consecutive year of dividend increases, solidifying its status as a constituent of the S&P 500 Dividend Aristocrats index. The dividend is set to be paid on October 15, 2021, to shareholders recorded by September 24, 2021.
Medtronic plc (NYSE:MDT) will report its financial results for the first quarter of fiscal year 2022 on August 24, 2021, at 5:45 a.m. CDT. This announcement follows the quarter ending on July 30, 2021. A video webcast discussing the results will be held the same day at 7:00 a.m. CDT. The company also plans to report future quarterly results on November 23, 2021, February 22, 2022, and May 26, 2022. For further details, access Medtronic's newsroom.
Medtronic has announced a definitive agreement to acquire Intersect ENT for $28.25 per share in an all-cash deal, totaling approximately $1.1 billion. This acquisition aims to enhance Medtronic's portfolio in ear, nose, and throat procedures. Intersect's products, including the PROPEL® and SINUVA® implants, will complement Medtronic's existing offerings, facilitating better treatment for patients with chronic rhinosinusitis (CRS). The deal is expected to close by the end of Medtronic's fiscal year, pending regulatory approvals and stockholder consent.
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