Medtronic to pay $23.5 million to settle kickback charge

The Justice Department alleged that Medtronic funneled money to doctors who implanted pacemakers or defibrillators made by the company. A spokesman says Medtronic admits no wrongdoing in the settlement.
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The Justice Department alleged that Medtronic funneled money to doctors who implanted pacemakers or defibrillators made by the company. A spokesman says Medtronic admits no wrongdoing in the settlement.

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Medtronic agrees to pay $85 million to settle shareholder lawsuit

The federal class action suit was filed by the Minneapolis Firefighters Relief Association in 2008. It accused the Fridley-based medical device maker of making misleading or false statements about the company's Infuse spine surgery device. Medtronic denies any wrongdoing.

Medtronic cutting 220 jobs in Mounds View

Medtronic is eliminating jobs at the Mounds View facility that makes heart rhythm devices. Sales of the company's pacemakers and implantable defibrillators have been sluggish for years.

Feds close probe into Medtronic's marketing of its Infuse bone graft product

The U.S. Department of Justice spent four years looking into whether the Fridley-based manufacturer encouraged doctors to use the product in ways not described on the FDA-approved label. Medtronic denies any wrongdoing, but still faces civil lawsuits and agreed to pay $85 million in March to settle a federal securities lawsuit.

Medtronic pays out millions of dollars to department chief at UW-Madison

Some academic leaders at the university are questioning whether chairman Thomas Zdeblick can serve objectively after collecting tens of millions of dollars from Medtronic, a major medical device maker based in Minnesota. The Journal Sentinel reports UW Hospital has spent $27 million on Medtronic products between 2004 and 2010.

CEO: Medtronic's focus paying off

After a solid last year and last quarter, Medtronic Inc. CEO Omar Ishrak is reiterating that his company's commitment is to growth through globalization, innovation and enhancing value, not just creating new medical technology products. It's what Ishrak has consistently preached in the year-plus since he took the helm at the world's largest medical device company.

Medical alert issued for Medtronic's Entrust defibrillators

British regulators warn the device has a battery defect that can fail to properly shock a heart back into a normal rhythm. Patients are encouraged to see their cardiologists to ensure an audible "low-battery" alert is working properly. Fridley-based Medtronic denied any wrong doing, but settled lawsuits regarding battery issues in its Marquis line of defibrillators less than four years ago.