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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)
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09/28/201520:14:00Medtronic's Ireland Move Results in Lower Taxes
09/28/201518:20:00Medtronic to Book $500 Million Restructuring Charge
09/28/201518:09:00Medtronic to Book $500 Million Restructuring Charge
09/28/201516:52:14Current Report Filing (8-k)
09/18/201516:43:22Amended Statement of Changes in Beneficial Ownership (4/a)
09/18/201508:30:00Medical Appliances and Equipment Stocks Technical Report -- Boston...
09/16/201516:50:20Statement of Changes in Beneficial Ownership (4)
09/09/201517:02:34Quarterly Report (10-q)
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09/03/201507:20:03Current Report Filing (8-k)
09/03/201507:15:00Medtronic Reports First Quarter Financial Results
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

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