Medtronic Reports Cybersecurity Flaw in Insulin Pumps

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Via Twin Cities Business

Medtronic on Thursday reported a cybersecurity flaw in its older-model insulin pumps. The company has notified customers that the flaw could make the devices vulnerable to hackers. If someone were to wirelessly connect to a nearby pump, they could change settings and control insulin delivery, which could lead to serious health problems.

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After Investing Millions, Medtronic To Buy Mazor Robotics For $1.6 Billion

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Via News Release

“DUBLIN and CAESAREA, Israel, Sept. 20, 2018 /PRNewswire/ — Medtronic plc (NYSE :MDT ), a global leader in medical technology, and Mazor Robotics (NASDAQ :MZOR , TASE: MZOR.TA), a pioneer in the field of robotic guidance systems, today announced the companies have entered into a definitive merger agreement under which Medtronic will acquire all outstanding ordinary shares of Mazor for $58.50 per American Depository Share, or $29.25 (104.80 ILS) per ordinary share, in cash, for a total of approximately $1.64 billion, or $1.34 billion net of Medtronic’s existing stake in Mazor and cash acquired. The boards of directors of both companies have unanimously approved the transaction.”

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Medtronic Partners With Fitbit On Diabetes

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screen-shot-2016-12-07-at-12-16-48-pmBy Sam Schaust, Twin Cities Business

Medtronic will bring its iPro2 Continuous Glucose Monitoring (CGM) system, a tool used in diabetes care, to Fitbit wearable fitness devices as part of a partnership between the two companies.

The medical device maker, which maintains its U.S. operational headquarters in Fridley, announced the collaboration on Wednesday. The company said the convenience of Fitbit devices would allow diabetics to more easily understand and monitor the relationship between exercise and glucose levels.”

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Medtronic Joins Patient Safety Movement, Will Open Data For Entrepreneurs

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Via News Release

screen-shot-2016-11-04-at-12-26-33-pm“IRVINE, Calif.– The Patient Safety Movement Foundation (PSMF) today announced that Medtronic, a leading global healthcare solutions company, has joined a growing list of healthcare technology companies that have signed the Patient Safety Movement’s public pledge to share their data to promote patient safety. In addition, Medtronic committed $5 Million to the PSMF over a five-year period, and Medtronic’s CEO, Omar Ishrak, will join Patient Safety Movement’s Board of Directors.”

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Bone Bots: More Minnesota Surgeons Are Using Robots

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screen-shot-2016-09-10-at-5-25-17-pmBy Joe Carlson, Star Tribune

“The bone bots are coming. A new wave of robotically assisted tools for knee and hip replacements is moving into specialty centers and hospitals around Minnesota, and the number of procedures appears poised to spike in 2017.

The surgical robots carry big price tags, but people who use them say the cost is made up in quicker recovery times and more predictable results, especially in complex cases.”

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Medtronic Invests Another $20M In Mazor Robotics

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By Sam Schaust, Twin Cities Business

“Medtronic on Monday completed a $20 million investment agreement from May with Mazor Robotics, an Israeli manufacturer of spine surgery guidance systems.  The $20 million paid by Medtronic, which holds its U.S. operational headquarters in Fridley, will be equivalent to a 3.4 percent ownership of Mazor.  Medtronic’s latest investment is technically the second tranche in a multi-part agreement that could net the company 15 percent equity stake in Mazor, a deal priced at roughly $52 million.”

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Medtronic Inks $42m Deal With Mazor Robotics

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by Brad Perriello, Mass Device

Mazor Robotics said today that it inked a 2-phase deal with Medtronic for its robot-assisted spine surgery technology that includes a co-promotion agreement and an equity investment that could see Medtronic wind up with a 15% stake in the Israeli company for as much as $42 million.

Caesarea, Israel-based Mazor said the 1st phase of the deal calls for Medtronic to acquire 15 Mazor systems this year. It also makes Medtronic Mazor’s sole partner for developing and commercializing robot-assisted spine surgery devices.”

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Medtronic Taps IBM’s Watson For Diabetes App

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By Julie Bort, Yahoo Finance

“About 415 million adults worldwide have Type 1 or Type 2 diabetes according to the International Diabetes Association.  IBM and medical device maker Medtronic are working on an app that could really help them.

By analyzing data from Medtronic diabetes monitoring devices (insulin pumps and glucose monitors), IBM’s artificial intelligence computer Watson can predict a low blood sugar problem up to three hours before it actually hits.”

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