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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
02/10/201614:45:07Statement of Ownership (sc 13g)
02/09/201613:40:01Statement of Ownership (sc 13g)
02/09/201610:00:09First Patient Treated with Medtronic Valiant TAAA Stent Graft...
02/08/201616:05:11Statement of Changes in Beneficial Ownership (4)
02/05/201609:00:20Medtronic's iPro(TM)2 Professional CGM Shows Benefits for People...
02/05/201608:00:36Medtronic First to Receive FDA Approval for MR-Conditional Cardiac...
02/01/201610:00:15Medtronic Adds New Resolute Onyx(TM) Drug-Eluting Stent Sizes...
02/01/201608:00:32Medtronic Adds Life-Extending Dialysis Portfolio to Recently...
01/29/201616:20:59Medtronic to Present Data on Micra® Transcatheter Pacing System...
01/25/201620:30:00Johnson Controls, Tyco Deal Adds to U.S. Tax Exodus
01/24/201621:10:00Johnson Controls in Advanced Talks to Combine With Tyco
01/20/201603:02:00Tyco, IRS Reach Deal On Taxes
01/19/201614:17:00Tyco Reaches Resolution with IRS Over Tax Dispute -- Update
01/19/201608:30:00Tyco Reaches Resolution with IRS
01/19/201607:26:00Medtronic Files 8K - Other Events
01/19/201606:56:11Current Report Filing (8-k)
01/13/201608:00:12Medtronic Expands Pain Therapies Portfolio with the Launch of...
01/11/201615:15:12Statement of Changes in Beneficial Ownership (4)
01/11/201613:07:00Medtronic Files 8K - Regulation FD
01/11/201612:37:26Current Report Filing (8-k)

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