Skip to main content

St. Jude wins approval for game-changing device that saves lives, costs

  • Author:
  • Updated:
    Original:

The Food and Drug Administration on Wednesday gave Little Canada-based St. Jude Medical approval for a wireless heart monitoring system.

The Star Tribune reports that after getting the go-ahead, the company said it will pay an additional $375 million to take full ownership of CardioMEMS, the Atlanta company that developed the system. St. Jude, which describes the monitoring system as “game-changing technology,” said it expects to close on the deal in the second quarter of this year.

Reuters explained that the wireless heart device, about the size of a dime, is of critical benefit to patients with heart failure. The device, which can be permanently implanted, records pulmonary artery pressure from a patient's home and transmits it to physicians, who monitor it remotely. It allows providers to actively manage rising blood pressure in the artery — a warning sign that often starts before other more commonly tracked indicators can be noted. Monitoring the activity remotely can reduce the likelihood of hospitalization.

More than 5 million Americans have heart failure, which is among the most common reasons for hospitalizations for people over 65.

St. Jude spent $60 million for a 19 percent share of CardioMEMS in September 2010, with an exclusive option to purchase the remaining 81 percent for $375 million.

The Atlanta Journal-Constitution reports that CardioMEMS was founded in 2001 by Georgia cardiologist Jay Yadav and Mark Allen, a Georgia Tech nanotechnology professor. It quickly grew from a small office to a large laboratory and now has 98 employees. It will remain in Atlanta.

“St. Jude is a great company,” Yadav told the Atlanta newspaper. “They’ve got very strong network. This will be a great way to get it (device) out to the largest number of patients and doctors.”

Next Up

UgstadRoadJunction

Charges: Teen speeding before crash that killed mother, injured her son

The teenager was driving at speeds between 72-89 mph at the time of the crash.

Northland Vapor in Moorhead, Minn.

Northland Vapor calls St. Paul regulators 'overzealous' in lawsuit over THC sales

The small Minnesota business said the lawsuit was "misleading" and "shameful."

image

Excelsior chocolate shop ransacked by thieves to reopen

Truffle Hill will reopen to the public on Friday.

https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/2022/11/SOLWHDPSSI%20FILINGS.pdf

Company agrees to changes after child workers found in MN meat plants

An investigation found children ages 13-17 working hazardous jobs at the plants.

soda-g7792ca8e9_1280

Drinks can company to lay off almost 100 workers, close St. Paul plant

State authorities were informed of the impending closure.

MinceyMug

Suspect in Minneapolis bar killing charged with weapons crime

The suspect has not been charged with murder in the case as of Wednesday.

snow, blowing snow

A monster storm is coming next week: What will happen?

What we know with high confidence at this point is that there will be a monster storm in the central U.S. by the early and middle part of next week.

police lights

Boy safe after kidnapping by non-custodial parent in Mankato

The search prompted the temporary shutdown of I-35 Tuesday night.

Mugshots

11 face charges after being found 'exploring' Fridley sewer system

A 911 caller reported seeing a group removing a manhole cover Monday night.

Related