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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
12/07/201420:25:13Deals Fuel Bond Boom
12/01/201419:54:39Medtronic's $17 Billion Bond Sale Is Year's Largest -- Update
12/01/201415:23:29Medtronic Selling Bonds for Covidien Acquisition -- Update
12/01/201410:49:16Medtronic Selling Bonds for Covidien Acquisition
11/28/201407:44:24EU Approves Medtronic's $43 Billion Merger With Covidien
11/26/201418:35:25Medtronic Acquisition of Covidien Receives U.S. FTC Clearance
11/18/201413:41:57Medtronic Sales Rise, Backs Covidien Deal -- 2nd Update
11/18/201413:34:48Correction to Medtronic Earnings Story
11/18/201410:41:22Medtronic Sales Drop in Core Pacemaker Business -- Update
11/18/201408:41:24Medtronic Revenue Grows 5%, Backs Commitment to Covidien Deal
11/17/201412:59:18Medtronic Profit, Sales Seen Rising in 2Q -- Earnings Preview
11/17/201406:28:22MARKET SNAPSHOT: Retailers Close Out Earnings Season
11/05/201409:45:59U.S. Hot Stocks: Hot Stocks to Watch
10/15/201417:05:13MARKET SNAPSHOT: U.S. Stocks Cut Losses In Harrowing, Volatile...
10/15/201414:50:29MARKET SNAPSHOT: U.S. Stocks Plummet As Selling Intensifies
09/15/201405:43:10Danaher Buys Nobel Biocare for About $2.1 Billion
09/15/201403:24:48Danaher Buys Nobel Biocare in $2.1 Billion Cash Deal
08/26/201407:20:42Medtronic Buys Brain-Stimulation Firm
08/26/201406:59:04Medtronic Buys Brain-Stimulation Firm for $200 Million
08/21/201416:13:51Inversions Push Falls to Treasury's Mark J. Mazur

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