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Medical Device Makers To Double FDA Fees: Sources - Bloomberg News

DOW JONES NEWSWIRES Medical device makers will double how much they pay the Food and Drug Administration--to $595 million from $295 million--in a deal for faster product reviews over the next five years, Bloomberg News reported Wednesday on its website, citing two unnamed sources. The new pact, which must be authorized by Congress, replaces the previous deal that expires on Sept. 30, according to the report. The FDA has said it will use any added money to increase evaluation staff, the report said. An FDA spokeswoman, Karen Wiley, said both sides are "close to an agreement," while a spokeswoman for the Advanced Medical Technology Association, the industry's Washington lobby, declined comment, the report said. Full Story: http://www.bloomberg.com/news/2012-01-31/device-makers-said-to-double-fda-fees-to-get-quicker-product-reviews.html

Stock News for Medtronic (MDT)
DateTimeHeadline
02/23/201714:31:13New Solitaire(TM) Stent Retriever Study Validates Outcomes and...
02/21/201713:48:31Statement of Changes in Beneficial Ownership (4)
02/21/201712:32:00Medtronic Earnings Fall, Sales Rise -- Update
02/21/201708:18:00Medtronic Earnings Fall, Sales Rise
02/21/201706:48:23Current Report Filing (8-k)
02/21/201706:45:14Medtronic Reports Third Quarter Financial Results
02/17/201708:00:07Medtronic Announces Japanese Regulatory Approval for Micra(TM...
02/16/201712:00:35FDA Approves Expanded Indication for Medtronic Freezor® Xtra...
02/16/201708:58:35Medtronic Introduces Signia(TM) Stapling System, Innovative Surgical...
02/15/201707:00:25Medtronic's OsteoCool(TM) RF Ablation System Receives Expanded...
02/14/201711:42:31Amended Statement of Ownership (sc 13g/a)
02/13/201710:00:15Medtronic EVP & President Michael J. Coyle to Speak at RBC Capital...
02/13/201709:00:08Medtronic Expands Coronary Portfolio to Include New DxTerity(TM...
02/10/201709:00:29Medtronic to Announce Financial Results for Its Third Quarter...
02/10/201708:54:25Amended Statement of Ownership (sc 13g/a)
02/09/201711:14:00Medtronic annonce l'homologation du ballon médicamenté par S...
02/09/201711:03:00Medtronic Announces Health Canada Licence for Drug-Coated Balloon
02/09/201710:46:20Schedule 13g
02/09/201708:00:15First Drug-Coated Balloon (DCB) Study Results in Japan Demonstrate...
02/06/201709:00:39Medtronic Awarded U.S. Department of Veterans Affairs National...

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