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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
04/14/201416:42:11MARKET SNAPSHOT: Stocks Rebound; Nasdaq Erases Late Swoon
04/14/201415:49:35MARKET SNAPSHOT: Stocks Trim Gains; Nasdaq Turns Negative
04/14/201415:21:40CORRECT: Preliminary Injunction Bars Medtronic From Selling CoreValve
04/14/201411:56:03MARKET SNAPSHOT: Stocks Rebound On Retail Sales, Citi Results
04/14/201411:27:28Preliminary Injunction Bars Medtronic From Selling CoreValve
04/14/201410:47:44MARKET SNAPSHOT: Stocks Boosted By Retail Sales, Citi Results
03/29/201413:52:50Medtronic Makes Surprise Turn on Blood-Pressure Device -- Update
02/18/201412:44:34Medtronic's Profit Falls Despite Revenue Growth -- Update
02/18/201409:18:21U.S. Hot Stocks: Hot Stocks to Watch
02/17/201408:52:36MARKET SNAPSHOT: Dividend Hikes, Consumer Clues Eyed In Week...
01/17/201418:09:10Correction to Medtronic CoreValve FDA Approval Story
01/17/201416:41:27FDA Approves Medtronic's CoreValve Heart Device -- 2nd Update
01/17/201413:52:16FDA Approves Medtronic's CoreValve Heart Device
01/15/201413:10:09Jury: Medtronic Violated Patent, Owes Edwards $392.5 Million
01/15/201412:57:27Jury Rules Medtronic Violated Patent, Awards $392.5 Million
11/19/201309:07:57U.S. Hot Stocks Futures: Hot Stocks to Watch
11/19/201308:17:10Medtronic 2nd-Quarter Profit Up 40%; Defibrillator Markets Shows...
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases

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