March 10, 1999 |
Medtronic Inc. said Tuesday it plans to close its Anaheim plant within two years, eliminating most of the 560 jobs to avoid duplicating work at another site the company has acquired. Employees learned Monday of the closure, the same day Medtronic completed its acquisition of the Minnesota-based Avecor Cardiovascular Inc. The Anaheim and Minnesota facilities make devices that supply oxygen to blood that is routed outside the body during heart surgery.
June 30, 1998 |
Medtronic Inc., the world's No. 1 manufacturer of pacemakers, plans to buy Physio-Control International Inc., the world's largest maker of external defibrillators, for $538 million in stock and assumed debt. External defibrillators give a shock to patients whose hearts have stopped, or are in danger of doing so, to restore normal rhythm. Medtronic's planned entry into the growing external-defibrillator market comes as the company fights to move ahead of Guidant Corp.
August 5, 1997 |
The Food and Drug Administration on Monday approved a bold deep-brain implant that promises to ease the uncontrollable tremors experienced by thousands of patients with Parkinson's disease and an equally disabling disorder called "essential tremor." The deep-brain stimulator, which has been available in Europe for several years, has enabled many patients to once again eat, drink, write and perform an array of daily living activities by themselves, said Dr. Michael J.
CALIFORNIA | LOCAL
March 21, 1997
Say the words "research methods class" and images of nerds mumbling to themselves in cluttered study carrels may come to mind. But that's not the case in the research methods class at the Van Nuys High School Medical Magnet, where students are gaining hands-on experience by creating their own high-tech research projects. In the last three years, the research methods class has won nearly $50,000 in grants from Medtronic Inc.
CALIFORNIA | LOCAL
March 21, 1997 |
Say the words "research methods class" and immediately images of nerds mumbling to themselves in cluttered study carrels come to mind. But that's not the case in the research methods class at the Van Nuys High School Medical Magnet, where students are gaining hands-on experience by creating their own high-tech research projects. In the past three years, the research methods class has won nearly $50,000 in grants from Medtronic Inc.
CALIFORNIA | LOCAL
November 4, 1995 |
A research methods class at the Van Nuys High School Medical Magnet this week was awarded a $15,889 grant to buy computer software for image processing, probes for wind tunnel research, and graphing calculators. Over the last two years, the Woodland Hills branch of Medtronic Inc. has given the school about $29,000 in grants for the class. "This class teaches kids to think," said teacher Robert Coutts. "In the public school system, they learn to memorize facts, take tests and get grades.
March 21, 1995 |
Medtronic Inc. has received approval for a heart-rhythm regulator that is simpler to implant than earlier versions and thus results in shorter hospital stays and savings for patients. With Monday's announcement that its Jewel line of defibrillators has been approved, Medtronic shares gained $2.375 to close at a 52-week high of $70 on the New York Stock Exchange. Medtronic said the Food and Drug Administration approved five models of the Jewel on Friday.
February 16, 1993 |
In the pacemaker business, there are two main providers to the U.S. market: industry leader Medtronic Inc. in Minneapolis, followed by Siemens Pacesetter Inc. in Sylmar. Together, they supply roughly 70% of the conventional pacemakers that bolster otherwise slow heartbeats. Now Medtronic is getting lots of attention for its new device that does something different--it calms fast heartbeats.
September 15, 1992
A four-year patent infringement battle over cardiac pacemakers between Medtronic Inc. and Siemens AG has ended with Siemens agreeing to pay more than $300 million over 10 years to settle the lawsuits. The German industrial giant Siemens produces pacemakers, which stimulate sluggish heartbeats, through its Siemens Pacesetter Inc. unit in Sylmar. Medtronic, the world's leading pacemaker concern, is based in Minneapolis.