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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:

Stock News for Medtronic (MDT)
09/01/201516:34:36Current Report Filing (8-k)
09/01/201516:18:10Medtronic, Inc. Announces Results of the Registered Exchange...
08/31/201519:06:00Medtronic Buys Developer of Devices to Treat Aneurysms
08/31/201518:07:02Medtronic Acquires Medina Medical
08/31/201507:04:50Medtronic Study Detects Gene Associated with Sudden Cardiac Death
08/31/201507:04:43Medtronic Study Detects Gene Associated with Sudden Cardiac Death
08/25/201518:36:00Medtronic to Buy Privately Held Twelve Inc. -- 2nd Update
08/25/201517:43:26Statement of Changes in Beneficial Ownership (4)
08/25/201510:41:00Medtronic to Buy Privately Held Twelve Inc. -- Update
08/25/201510:40:00Medtronic to Buy Privately Held Twelve Inc.
08/25/201510:18:00Medtronic to Buy Privately Held Twelve Inc.
08/25/201509:00:00Medtronic to Acquire Twelve, Inc., Developer of Transcatheter...
08/21/201516:15:30Medtronic Announces Cash Dividend for Second Quarter of Fiscal...
08/20/201511:00:34Medtronic Announces 2015 Global Heroes Team, Marking 10 Years...
08/20/201509:06:16Medtronic to Announce Financial Results for Its First Quarter...
08/10/201507:50:20Mallinckrodt to Buy Immunotherapy Firm Therakos
08/06/201510:30:05IBM Adds to Its Watson Health Service
08/05/201516:23:39Statement of Changes in Beneficial Ownership (4)
08/05/201516:23:39Statement of Changes in Beneficial Ownership (4)
08/05/201516:23:38Statement of Changes in Beneficial Ownership (4)

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