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Medtronic Valve Study Shows Higher Mortality Rate At 6 Months

DOW JONES NEWSWIRES Patients treated with a catheter-delivered heart valve marketed by Medtronic Inc. (MDT) had improvement in valve function but saw higher rates of mortality and stroke at six months than at one month, according to results from a large, multicenter trial released Saturday. Results from the trial, funded by Medtronic, are scheduled to be presented at the American College of Cardiology's annual conference in Chicago. The trial was conducted at 44 centers in Western Europe, Asia and South America. Each center had performed at least 40 catheter-delivered valve-implantation procedures. A total of 996 frail, elderly patients at high risk for heart surgery were implanted with Medtronic's CoreValve device, used to treat severe narrowing of the aortic valve. Mortality rates at one month and six months were 4.5% and 12.8%, respectively. Stroke rates were 2.9% and 3.4%.Medtronic said the rates were consistent with previously reported data from national registries in Europe. "Patients had great valve function after implantation with low stroke and mortality rates at three and six months," said Axel Linke, principal investigator and professor of medicine at Universitat Leipzig Herzzentrum in Germany. Dr. Linke is a consultant for Medtronic. Many companies are getting into the market for catheter-delivered valves, which are considered to have multibillion dollar potential. Competitor Edwards Lifesciences (EW) has already launched such a valve in the U.S. Medtronic has said it expects to gain U.S. Food and Drug Administration approval for CoreValve in 2014. The valve is already available in 50 countries outside the U.S. Medtronic shares closed at $38.70 on Friday. The stock is up 1.18% for the year. -By Anjali Athavaley, Dow Jones Newswires; anjali.athavaley@dowjones.com

Stock News for Medtronic (MDT)
DateTimeHeadline
05/19/201311:35:29MARKET SNAPSHOT: Stock Rally's Breadth Is A Sign Of Strength...
05/02/201315:44:20Medtronic to Lay Off 230 Employees in Spine Division
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04/22/201310:13:37ARCA biopharma, Medtronic Collaborate on Atrial Fibrillation...
03/15/201309:17:25U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
03/11/201311:30:17Edwards Lifesciences' Heart Valve Still Shows Effectiveness
03/10/201312:45:07Medtronic's Blood-Pressure Device Shows Benefits After Two Years
03/10/201312:40:50Edwards Lifesciences Says Sapien XT Heart Valve Shows Similar...
02/19/201308:30:12Medtronic Profit Up 5.7% on Higher Revenue
02/19/201308:15:08Medtronic 3rd-Quarter Profit Up 5.7% as Revenue Rises Despite...
02/01/201318:21:23Medicare Details Rules on Companies Disclosing Pay to Doctors
01/14/201312:53:56St. Jude Receives FDA Warning Letter Over ICD Production
01/08/201311:27:00Medtronic Sales View Still Cautious, But Sees Signs of Stability
12/10/201212:47:10Group of Senate Democrats Seek Delay in Medical Device Tax
11/20/201216:38:41Medtronic's Ishrak: End Markets Have Stabilized, Japan Had 'Outstanding...
11/20/201208:50:05Medtronic Earnings Fall 26% After Charges
11/20/201208:21:37Medtronic 2nd-Quarter Profit Falls 26% on Litigation-Related...
11/19/201213:23:21St. Jude Medical Gets Approval to Sell Heart-Valve Devices in...
11/13/201214:35:10Edwards Lifesciences: Appeals Court Affirms Medtronic's Patent...
11/13/201212:09:22Medtronic Stent Graft System Approved For Additional Use

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