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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
09/26/201608:01:27Medtronic's StealthStation® Cranial Software Receives FDA Clearance...
09/20/201612:30:12Medtronic Valiant Captivia Demonstrates Safety and Efficacy at...
09/19/201617:07:45Statement of Changes in Beneficial Ownership (4)
09/19/201616:46:54Statement of Changes in Beneficial Ownership (4)
09/19/201612:45:20New Data Presented in VIVA Late Breaking Clinical Trials Demonstrate...
09/19/201609:30:19Analysis Shows Positive Association Between Cardiac Resynchronization...
09/19/201607:00:00AxoGen, Inc. Appoints Amy Wendell to Board of Directors  
09/15/201608:30:29The Journal of the American Medical Association Publishes Medtronic's...
09/15/201608:00:46Medtronic Names Mark Ploof Senior Vice President of Global Operations...
09/14/201609:00:25Medtronic Announces Approval and Launch of Reveal LINQ(TM) Insertable...
09/13/201611:00:43Medtronic Receives FDA Approval of First Drug-Coated Balloon...
09/12/201609:00:12New ESC Guidelines Support Recent Medtronic Innovations for...
09/08/201612:55:35Medtronic Recognized as a Sustainability Leader
09/07/201606:48:16Quarterly Report (10-q)
09/06/201609:00:20Medtronic CEO Omar Ishrak to Speak at Morgan Stanley Global Healthcare...
09/01/201610:00:16Medtronic EVP & RTG President Geoff Martha to Speak at Wells...
09/01/201609:00:14Medtronic Announces Approval of Enlite® Sensor for iPro®2 Professional C...
08/31/201615:25:54Statement of Changes in Beneficial Ownership (4)
08/29/201609:00:09Medtronic Technologies Improve Delivery of Cardiac Resynchronization...
08/28/201610:30:39New Long-Term Data Reinforce Safety Benefits of the World's Smallest...

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