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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
03/27/201509:30:00Medtronic completes takeover of hearing implant developer
03/27/201509:16:24Why You Should Go Long Medtronic
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03/25/201517:04:25Amended Current Report Filing (8-k/a)
03/25/201516:00:00Medtronic Highlights New Data in JAMA Surgery Demonstrating Significant...
03/24/201506:33:37Medtronic Files 8K - Regulation FD
03/20/201518:43:04Statement of Changes in Beneficial Ownership (4)
03/20/201509:00:00Next Week In Biotech: Pediatric Safety Ad Comm, BIO Asia, Sinovac...
03/18/201508:33:32'New' Medtronic Significantly Undervalued After Merger With Covidien
03/17/201520:41:39Dividend Growth Checkup - Part II
03/17/201515:36:42Statement of Changes in Beneficial Ownership (4)
03/16/201517:39:12Why Edwards Lifesciences Sky-Rocketed Today
03/16/201511:00:26Medtronic Seeks Runners with Medical Technology for 2015 "Global...
03/16/201507:44:56Two-year data show Medtronic CoreValve TAVR patients do better...
03/15/201513:45:27Medtronic CoreValve® System Sustains Superior Survival Benefit...
03/14/201518:45:35Medtronic to Initiate Clinical Study of Drug-Filled Stent Following...
03/14/201515:00:22Medtronic CoreValve® Evolut(TM) R System Yields Exceptional...
03/12/201509:30:32Medtronic Initiates Pivotal Studies of Resolute Onyx(TM) Drug-Eluting...
03/09/201518:45:33Why Medtronic-Covidien Deal Will Lead To Strong 2015 Performance
03/03/201518:07:15NuVasive: Court Overturns $102 Million Award to Medtronic--Update

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