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BioWorld - Sunday, June 28, 2026
Home » Medtronic plc

Articles Tagged with ''Medtronic plc''

Businessman and IPO virtual screen

Minimed IPO raises $560M as it splits from Medtronic

March 6, 2026
By Karen Carey
No Comments
Pricing shares at $20 each, below the intended price range, insulin delivery company Minimed Group Inc. debuted with an IPO on Nasdaq March 6, raising $560 million. The company offered a total of 28 million shares, which would have brought the Northridge, Calif.-based company $742 million in gross proceeds if the IPO had priced at the midpoint of the $25-to-$28 price range disclosed in February.
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Abbott Laboratories Aveir VR leadless pacemaker system

NICE recommends leadless pacemakers to treat slow heart rhythms

March 2, 2026
By Shani Alexander
No Comments
The U.K.’s National Institute for Health and Care Excellence (NICE) recommendation that leadless cardiac pacemakers be used as the standard of care for people with slow heart rhythms (bradyarrhythmias) is a boon for more than 2 million individuals living with the condition. The use of the technology will transform patients’ quality of life, reduce rates of infections and lower costs for the health care system.
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IPO, coins, financial chart

Medtronic’s diabetes unit Minimed seeks $784M in IPO

Feb. 24, 2026
By Shani Alexander
No Comments
Minimed Group Inc., Medtronic plc’s diabetes business, is looking to raise up to $784 million in its IPO. Medronic last May revealed plans to spin off the unit as an independent public company and expected to complete the separation within 18 months.
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Medtronic Hugo platform

Medtronic sees first cases with Hugo robotic platform

Feb. 19, 2026
By Shani Alexander
No Comments
Medtronic plc this week reported that the first commercial surgical cases using its Hugo robotic-assisted surgery system have been completed in the U.S. Hugo is expected to be a key growth driver for the company, especially with opportunities in the underpenetrated U.S. soft tissue surgical robotics market. The company also posted third-quarter fiscal year 2026 organic revenues of $9.02 billion, up 6% year‑on‑year.
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Medtronic to pay Applied Medical $382M in antitrust ruling

Feb. 6, 2026
By Shani Alexander
No Comments
A jury in a U.S. District Court unanimously found that Medtronic plc violated federal and state antitrust laws relating to its blood sealing surgical devices and must pay $382 million in damages to Applied Medical Resources Corp.
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Cathworks Ffrangio system

Medtronic to acquire Cathworks for $585M

Feb. 3, 2026
By Shani Alexander
No Comments
Medtronic plc is continuing to put its money where its mouth is as it plans to exercise its option to acquire Cathworks Ltd. for up to $585 million. The company said last month it was committed to expanding its pipeline through strategic investments and targeted acquisitions. The move for Cathworks comes on the heels of Medtronic’s $90 million investment in Anteris Technologies Global Corp.
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Anteris Duravr

Medtronic pumps $90M into Anteris TAVR program

Jan. 28, 2026
By Annette Boyle
Medtronic plc acted on the increase in M&A and expansion of its investment ecosystem touted at the J.P. Morgan Healthcare Conference earlier this month with a $90 million infusion into Brisbane, Australia-based Anteris Technologies Global Corp. The investment had been contingent on a public offering of stock by Anteris, which it completed on Jan. 22. Together, the new funds for the biomimetic heart valve company totaled $320 million.
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Abbott sign

Abbott misses Q4 expectations

Jan. 22, 2026
By Annette Boyle
Abbott Laboratories reported fourth quarter sales below expectations before the market opened on Jan. 22, sending the stock down nearly 12% from the prior day's closing. The biggest hits came from contraction in the nutrition group along with continued disruption in the diagnostics unit from volume-based procurement in China. Medical devices suffered from market share loss in electrophysiology and slower than expected uptake of continuous glucose monitors. The pharma group performed as anticipated, posting 7% growth.
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Abbott Laboratories Tactiflex Duo

Abbott's Tactiflex gains CE mark

Jan. 20, 2026
By Annette Boyle
Abbott Laboratories received CE mark in Europe for the Tactiflex Duo ablation catheter to treat patients with atrial fibrillation. The first commercial cases using Tactiflex Duo, a dual energy device, were completed in the EU this week.
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10-28-Boston-Science_Global-Headquarters_Marlborough,-Mass

Boston Sci’s Valencia buy adds ITNS to urology

Jan. 13, 2026
By Annette Boyle
Boston Scientific Corp. plans to acquire Valencia Technologies Corp. in the first half of 2026 in a move that will expand its urology portfolio. Valencia makes the Ecoin system, an implantable tibial nerve stimulator (ITNS) designed to treat urge urinary incontinence (UUI). The companies did not disclose terms of the deal, which is not expected to have a material impact on 2026 earnings per share.
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