Thursday, March 28, 2013
'This is really exciting to have Medtronic as one of our partners.'
Medtronic, Inc.—a Fortune 500 company, the world's largest medical technology company and Fridley's biggest business—is becoming a partner in Fridley's biggest community festival, 49er Days. That's according to an announcement on the festival's Facebook page Tuesday afternoon: Are you ready for the location of 2013 Fridley 49er Days?! It will be held at the Medtronic Rice Creek campus (700 Central Ave NE)!!! This is really exciting to have Medtronic as one of our partners. What do you think? By the way, the street address in that posting contains a typo: It's 7000 Old Central Ave. NE in Fridley. (Someone was a little excited!) In 2012, festival organizers announced a move from Commons Park to Moon Plaza—in part for the greater visibility …
Tuesday, February 19, 2013
Revenue was $4 billion in fiscal quarter ending Jan. 25, the Fridley-based med-tech giant said.
Medtronic made nearly half of its sales outside of the United States in the third-quarter ending Jan. 25 that saw revenue climb by 3 percent over figures from a year ago. That's according to the Fridley-based company's news release accompanying its earnings report for the quarter announced Tuesday. "Counting the impact of differences in foreign currency, company revenues grew 4 percent over the third quarter a year ago," the Star Tribune reported. The company is "still in the process of strengthening and geoghraphically diversifying," Medtronic CEO and Chairman Omar Ishrak said on a call announcing the earnings Tuesday. Here is how Medtronic presented its third-quarter earnings information in a statement Tuesday: The Company reported …
Tuesday, November 20, 2012
But the Fridley-based medtech company said revenue was up.
Fridley-based Medtronic announced earnings Tuesday for its second quarter ending Oct. 26, 2012. Profits were down 26 percent, with expenses including legal costs hurting the earnings figure. In the company's statement, Medtronic chairman and chief executive officer Omar Ishrak said: Our second quarter performance reflects the results of our ongoing focus to deliver consistent and dependable growth in a changing healthcare environment. Our growth was broad-based across several businesses and geographies, driven by continued stabilization of our end markets and the ongoing successful execution of new product launches.
Thursday, October 25, 2012
Fridley-based Fortune 500 firm 'vigorously disagrees' with parts of the Finance Committee report.
A new U.S. Senate report says employees of Fridley-based Medtronic, Inc. secretly helped write articles in medical journals touting the company's InFuse spinal-surgery product and downplaying the product's downsides. The report, following a 16-month investigation by the Senate Finance Committee into how Medtronic marketed InFuse, also says the company paid $210 million over 15 years to physicians who authored favorable studies about the product. Medtronic disputed Senate investigators' claims in a statement: Medtronic does not agree with many of the findings in the staff report. In particular, Medtronic vigorously disagrees with any suggestion that the company improperly influenced or authored any of the peer-reviewed published manuscripts…
Monday, October 8, 2012
They weren't also-rans, but, well ... they also ran!
Fridley had 28 residents complete the 2012 Medtronic Twin Cities Marathon Sunday—but another 22 who finished the Medtronic Twin Cities 10 Mile race Here are their results. Have photos or video? Upload them to this post!
Sunday, October 7, 2012
28 Fridley residents finished the race, which is in its seventh year with a Fridley-based corporate sponsor.
Here are the results from 28 runners from Fridley who finished the 2012 Medtronic Twin Cities Marathon on Sunday. Got a photo or video? Upload it to this post! Fridley-based Medtronic, Inc. lends its name as sponsor of the Medtronic Twin Cities Marathon, and lots of Fridley residents run in the race. The marathon started at the Metrodome in Minneapolis at 8 a.m. Sunday. Here are results for Fridley folks who finished the marathon in 2011. Who is running this year—you or someone you know? Leave a comment below or upload a photo or video. Fridley Finishers, 2011 Medtronic Twin Cities Marathon Click on names to see more details on each runner's performance. MEN: WOMEN
Monday, August 27, 2012
A roundup on new developments at the Fridley-based medical device company.
Medtronic, Inc., with headquarters in Fridley, said Monday that a clinical study showed that a device used to reduce the size of patients' enlarged hearts could reduce death and hospitaliation rates, the Star Tribune reported. The cardiac resynchronization therapy process could be a radical innovation for Medtronic, providing a more permanent treatment than current products on the market. The Star Tribune has more: For Medtronic, CRT represents a new generation of technology that focuses on correcting the more underlying problems of heart failure rather than simply managing the disease. For example, Medtronic's traditional core products of ICDs and pacemakers allow patients to manage their irregular heart activity by shooting electricity …
Saturday, August 4, 2012
The Fridley-based firm has eyes on India for business. Now the company's helping hands there extend back to the United States, the Star Tribune reported.
E-mail is the mode of mentoring for Medtronic volunteers in Mumbai, India, who are helping high school students in Buffalo, MN according to the Star Tribune. It's a country the Fridley-based company has had its eyes on at least since Bangladesh-born CEO Omar Ishrak took the helm about a year ago. In June, MedCity News reported Medtronic was making moves to buy India's Trivitron Healthcare. Medtronic has local mentoring programs as well, with volunteers from its Fridley campuses helping students at Fridley High School and the Fridley Life Skills Transition Program—sometimes, despite the proximity, via email.
Monday, July 30, 2012
Are you wondering what businesses are opening or closing in the west metro or otherwise making the news? Here’s your update for July 2012.
The following is a collection of business related articles that recently appeared on Patch sites in Edina, Fridley, Golden Valley, Hopkins, Lake Minnetonka, Maple Grove, Minnetonka, Plymouth, Richfield, Southwest Minneapolis, Shakopee, and St. Michael. Click on the headline to read the full story. Green Cleaning Company Opens in Golden Valley The company boasts a "green" angle as well - most of the products used are biodegradable and the water can be reused. Public Access TV Studio Faces Possible Closure A handful of citizens in Minnetonka advocated keeping the studio open. Pizza Luce Opens in Richfield There was also a pre-opening event with all sales being donated to VEAP. Bayers Hardware To Close Sept. 1 Bayers out-competed by …
Saturday, July 21, 2012
The Fridley-based company wants to buy India's Trivitron Healthcare, according to MedCity News.