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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
07/27/201615:20:42Statement of Changes in Beneficial Ownership (4)
07/27/201615:15:13REALITY Trial Enrolls First Patient in Study Evaluating Medtronic...
07/25/201601:00:13Medtronic Unveils VariLoc Variable Angle Locking Technology for...
07/20/201610:00:14Medtronic Receives First-Ever FDA Clearance for Cement-Augmented...
07/19/201613:58:28Statement of Changes in Beneficial Ownership (4)
07/19/201609:00:33Medtronic Expands Continuous Glucose Monitoring (CGM) Solutions...
07/18/201609:00:34Medtronic Receives FDA Approval for Two-Level Prestige LP(TM...
07/15/201617:03:00Proxy Statement - Notice of Shareholders Meeting (preliminary...
07/15/201611:00:19Medtronic Foundation Calls for Applications for 2016 Bakken Invitation...
07/15/201610:00:08Medtronic Launches Revamped Minimally Invasive Spine Fusion Procedures
07/14/201616:42:16Statement of Changes in Beneficial Ownership (4)
07/14/201616:31:08Statement of Changes in Beneficial Ownership (4)
07/13/201609:00:20Medtronic Receives FDA Approval for IN.PACT Admiral DCB 150 mm...
07/13/201609:00:00Sales of Medical Wearable Devices Jump in 2016
07/11/201609:00:17FDA Clears Expanded Indications for Medtronic NuVent(TM) EM Sinus...
07/08/201609:23:48Statement of Changes in Beneficial Ownership (4)
07/06/201616:34:03Statement of Changes in Beneficial Ownership (4)
07/01/201617:31:00Medtronic Files 8K - Changes Executive Management
07/01/201617:02:31Current Report Filing (8-k)
06/30/201618:21:00NuVasive Agrees to Pay $45 Million to Settle Patent Dispute With...

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