Research: Medtronic, Inc.

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Pharmaceutical Business Review

2009-08-25 12:03
Medtronic Reports Revenue Of $3.9 Billion For Q1 Fiscal 2010
Medtronic, Inc. (Medtronic) has reported its first quarter of fiscal 2010 results. Revenue for the first quarter of fiscal 2010 was $3.93 billion, up 6%, compared to the $3.71 billion in the year-ago quarter. As reported, first quarter net earnings were $445 million, or $0.40 per diluted share, both decreasing 38% over the same period in the prior year.

2009-06-03 00:03
Medtronic Announces Appeal Decision In Patent Litigation With DePuy Spine
Medtronic, Inc. has announced appeal decision from a Federal Circuit Court review of a December 2007 patent litigation regarding the Vertex line of multiaxial screws, which are no longer on the market. According to Medtronic, the Federal appeals court upheld the verdict of patent infringement, but overturned a substantial portion of the damages award to DePuy Spine, Inc. (DePuy Spine).