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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
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
06/16/201416:52:09MARKET SNAPSHOT: U.S. Stocks Inch Up; Iraq Concerns Weigh
06/16/201412:24:00LONDON MARKETS: U.K. Stocks Slip For Second Day As Pound Rallies
06/16/201412:19:39EUROPE MARKETS: European Stocks Bruised By Iraq Tensions
06/16/201411:20:49MARKET SNAPSHOT: U.S. Stocks Inch Higher After Upbeat Data
06/15/201422:22:38Medical Merger Part of 'Tax Inversion' Wave -- Update
06/05/201407:09:39European Markets Await ECB Policy Announcement
06/04/201418:01:01Medtronic Mulls Offer for Smith & Nephew -Bloomberg
05/29/201409:44:09U.S. Hot Stocks: Hot Stocks to Watch
05/28/201416:50:07Medtronic to Pay $9.9 Million to Resolve Improper-Payments Allegations
05/28/201416:37:40Medtronic to Pay $9.9 Million to Resolve Improper-Payments Allegations...
05/20/201409:05:06Medtronic Settles Edwards Lifesciences Patent Suit, Profit Drops--Update
05/20/201408:44:49Correction to Medtronic Settles Patent Dispute With Edwards...
05/20/201408:30:33Metronic Settles Patent Dispute With Edwards, Earnings Drop
05/19/201408:50:12MARKET SNAPSHOT: Only A 'black Swan' Will Bring Back Stock Volatility
05/08/201418:25:15Boston Scientific Subpoenaed Over Defibrillator Devices
05/06/201417:29:52Medtronic to Post Charge Related to Bone Graft Suits
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

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