STOCK TITAN

Medtronic plc - MDT STOCK NEWS

Welcome to our dedicated page for Medtronic plc news (Ticker: MDT), a resource for investors and traders seeking the latest updates and insights on Medtronic plc stock.

Medtronic plc (NYSE: MDT) is an American medical device company with its operational and executive headquarters in Minneapolis, Minnesota, and legal headquarters in Dublin, Ireland, following its acquisition of Covidien in 2015. As one of the largest medical-device companies globally, Medtronic specializes in developing and manufacturing therapeutic medical devices for chronic diseases.

The company’s extensive product portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. It markets these products to healthcare institutions and physicians worldwide, with international sales accounting for approximately 50% of its total revenue.

In a recent announcement on April 10, 2024, Medtronic unveiled significant advancements in artificial intelligence (AI) for endoscopic care through the launch of ColonPRO™ software for the GI Genius™ intelligent endoscopy system. This new software improves polyp detection and introduces procedural highlights to enhance physicians' workflow. The company has also entered into a collaboration with Modernizing Medicine® to integrate AI-driven data with electronic health records (EHR).

Medtronic recently reported its financial results for the fourth quarter and fiscal year 2024, showcasing a global revenue of $32.364 billion, a 3.6% increase compared to the previous year. The company's revenue growth was fueled by advancements in its Cardiovascular, Neuroscience, Medical Surgical, and Diabetes portfolios.

In addition to its financial performance, Medtronic has made strides in technological innovation. The U.S. FDA approved the Inceptiv™ closed-loop rechargeable spinal cord stimulator (SCS) for chronic pain treatment, demonstrating the company’s commitment to addressing unmet clinical needs and improving patient care through advanced technologies.

Medtronic remains dedicated to its mission of alleviating pain, restoring health, and extending life, driven by a global team of over 95,000 employees across 150 countries. The company continues to leverage its diverse knowledge and insatiable curiosity to deliver innovative solutions that transform lives. For more information, visit Medtronic's official website.

Rhea-AI Summary

Medtronic announced the publication of results from the IN.PACT AV Access trial in The New England Journal of Medicine, highlighting the efficacy of the IN.PACT™ AV drug-coated balloon (DCB) for patients with end-stage renal disease (ESRD). The trial involved 330 subjects across three countries and demonstrated a significant reduction in the need for reinterventions—56% fewer than standard treatments—while maintaining a higher primary patency rate (82.2% vs. 59.5%). The study emphasizes the potential for improved patient quality of life and reduced healthcare costs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
none
-
Rhea-AI Summary

Medtronic plc (NYSE: MDT) is set to announce its financial results for the first quarter of fiscal year 2021 on August 25, 2020. The results will be communicated through a news release at approximately 5:45 a.m. CDT, covering the period ending July 31, 2020. A webcast will follow at 7:00 a.m. CDT to discuss these results, accessible at http://investorrelations.medtronic.com/. Additionally, Medtronic plans to report subsequent quarterly results on November 24, 2020, February 23, 2021, and May 27, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
-
Rhea-AI Summary

Medtronic announced the first implant of its FDA-approved InterStim Micro neurostimulator for sacral neuromodulation (SNM) therapy at Cleveland Clinic. This device, the smallest rechargeable SNM system, enhances bladder and bowel control for over 55 million Americans suffering from overactive bladder (OAB) and fecal incontinence (FI). Key features include a quick recharge time under an hour, a battery life of 15 years, and MRI compatibility without impedance checks, aimed at improving patient quality of life.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
none
News
Rhea-AI Summary

Medtronic has announced a friendly cash tender offer to acquire Medicrea for €7.00 per share, marking a 22% premium over the last closing price. This acquisition aims to enhance Medtronic’s spine surgery capabilities by integrating Medicrea's AI-driven surgical planning and personalized implants. The transaction, supported by major Medicrea shareholders representing 44.4% of its share capital, is expected to close by the end of 2020, pending regulatory approvals. Analysts forecast the deal will be immaterial to Medtronic's adjusted earnings in the initial two years, turning accretive in fiscal year 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.65%
Tags
-
Rhea-AI Summary

Medtronic announced FDA clearance and CE Mark approval for its new LINQ II™ insertable cardiac monitor (ICM), enhancing remote programming capabilities for improved patient management. This device boasts a longevity of 4.5 years and heightened accuracy in detecting abnormal heart rhythms. Notably, it enables clinicians to adjust settings without in-person visits, addressing COVID-19 challenges. LINQ II offers streamlined workflows, reducing time spent on ICM transmissions by 33%, and enhances patient experience through options like smartphone integration.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.65%
Tags
none
-
Rhea-AI Summary

Medtronic plc (MDT) has launched a significant global post-market study named DISSECT-N to assess the safety and effectiveness of the Valiant Navion™ Thoracic Stent Graft System in treating thoracic aortic dissection. The study will enroll at least 200 patients across 45 sites in North America, Europe, and Asia Pacific, with a primary focus on technical procedure success and major adverse events within one month post-procedure. This initiative responds to a critical need in treating aortic dissection, aiming to provide valuable real-world evidence and improve patient outcomes.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
none
Rhea-AI Summary

Medtronic reports significant three-year outcomes from the Global SYMPLICITY Registry, demonstrating that renal denervation (RDN) with the Symplicity™ System leads to substantial and lasting reductions in blood pressure (BP) for hypertensive patients. Office systolic BP decreased by 17 mmHg, with two-thirds of patients initially over 180 mmHg achieving lower BP levels. These results, achieved while patients remained on an average of four anti-hypertensive medications, underscore RDN's efficacy and safety, with a renal artery stenosis incidence of only 0.3%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
-
Rhea-AI Summary

Medtronic announces FDA approval for the Percept™ PC Deep Brain Stimulation (DBS) system, incorporating BrainSense™ technology. This innovation allows for chronic capture of brain signals while delivering therapy for conditions like Parkinson's disease and OCD. The device, first implanted at Mayo Clinic, enables personalized treatment through data-driven insights. Key features include MRI compatibility, smart battery, improved longevity, and enhanced patient programming. Medtronic aims to transform care standards with this groundbreaking technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
-
Rhea-AI Summary

Medtronic announces the CE mark approval for its Evolut TAVI system to treat severe aortic stenosis in low-risk patients, now including those with bicuspid aortic valves. This new indication allows treatment for patients at extreme, high, and intermediate risks of surgical mortality. The Evolut Low Risk Trial showed TAVI's safer profile and effective outcomes, with shorter hospital stays and improved quality-of-life scores. With over 500,000 annual cases of severe aortic stenosis in Western Europe, this approval significantly increases patient access to minimally invasive valve replacement options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
Rhea-AI Summary

Medtronic and Foxconn have partnered to manufacture 10,000 Puritan Bennett™ 560 ventilators in the U.S. over the next year, following Medtronic's ventilator open-source initiative. With Foxconn meeting Medtronic's regulatory standards, the production will take place in Mount Pleasant, Wisconsin. This collaboration aims to enhance ventilator supply critical for COVID-19 patients, with the possibility of doubling production if necessary. The PB560 model, introduced in 2010, is essential for managing severe respiratory illnesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none

FAQ

What is the current stock price of Medtronic plc (MDT)?

The current stock price of Medtronic plc (MDT) is $84.74 as of November 21, 2024.

What is the market cap of Medtronic plc (MDT)?

The market cap of Medtronic plc (MDT) is approximately 109.1B.

What does Medtronic plc specialize in?

Medtronic specializes in developing and manufacturing therapeutic medical devices for chronic diseases, including pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools.

Where are Medtronic’s headquarters located?

Medtronic’s operational and executive headquarters are in Minneapolis, Minnesota, while its legal headquarters are in Dublin, Ireland, following its acquisition of Covidien in 2015.

How significant are Medtronic’s international sales?

International sales account for roughly 50% of Medtronic’s total revenue.

What recent advancements has Medtronic made in AI for healthcare?

Medtronic recently launched the ColonPRO™ software for the GI Genius™ intelligent endoscopy system, enhancing AI-driven polyp detection and procedural highlights. The company also partnered with Modernizing Medicine® to integrate AI data with EHR systems.

What are Medtronic’s recent financial achievements?

Medtronic reported a global revenue of $32.364 billion for fiscal year 2024, a 3.6% increase from the previous year, driven by growth in its Cardiovascular, Neuroscience, Medical Surgical, and Diabetes portfolios.

What new technology has Medtronic introduced for chronic pain treatment?

Medtronic introduced the Inceptiv™ closed-loop rechargeable spinal cord stimulator (SCS), which the U.S. FDA approved for the treatment of chronic pain.

How many employees does Medtronic have worldwide?

Medtronic has a global team of over 95,000 employees across 150 countries.

What is Medtronic’s mission?

Medtronic's mission is to alleviate pain, restore health, and extend life.

Where can I find more information about Medtronic?

For more information about Medtronic, visit their official website at Medtronic.com.

How does Medtronic approach innovation in healthcare?

Medtronic leverages its diverse knowledge, insatiable curiosity, and commitment to helping those in need to deliver innovative technologies that transform lives, focusing on engineering extraordinary healthcare solutions.

Medtronic plc

NYSE:MDT

MDT Rankings

MDT Stock Data

109.12B
1.28B
0.26%
85.42%
0.79%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
Link
United States of America
DUBLIN