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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)
09/30/201609:00:17FDA Classifies Two Field Actions Related to HeartWare HVAD System...
09/30/201609:00:00The Medical Device Industry's Focus on Cardio and Cardiovascular...
09/28/201621:00:00FDA Approves Medtronic's New Automated Insulin Pump -- Update
09/28/201618:46:00FDA Approves Medtronic's New Automated Insulin Pump
09/28/201616:50:00FDA Approves Medtronic's New Automated Insulin Pump
09/28/201616:42:00FDA Approves Medtronic's New Automated Insulin Pump
09/28/201616:27:03Statement of Changes in Beneficial Ownership (4)
09/28/201613:19:35Medtronic Receives FDA Approval for World's First Hybrid Closed...
09/28/201609:00:20Medtronic Receives FDA Clearance of TrailBlazer Angled Peripheral...
09/27/201609:00:35Medtronic Announces First Live Experience of Sugar.IQ with Watson...
09/26/201608:01:27Medtronic's StealthStation® Cranial Software Receives FDA Clearance...
09/20/201612:30:12Medtronic Valiant Captivia Demonstrates Safety and Efficacy at...
09/19/201617:07:45Statement of Changes in Beneficial Ownership (4)
09/19/201616:46:54Statement of Changes in Beneficial Ownership (4)
09/19/201612:45:20New Data Presented in VIVA Late Breaking Clinical Trials Demonstrate...
09/19/201609:30:19Analysis Shows Positive Association Between Cardiac Resynchronization...
09/19/201607:00:00AxoGen, Inc. Appoints Amy Wendell to Board of Directors  
09/15/201608:30:29The Journal of the American Medical Association Publishes Medtronic's...
09/15/201608:00:46Medtronic Names Mark Ploof Senior Vice President of Global Operations...
09/14/201609:00:25Medtronic Announces Approval and Launch of Reveal LINQ(TM) Insertable...

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