Medtronic Says Canada Clears Heart DeviceMedtronic Inc., the world's biggest medical device maker, said Wednesday that Omar Ishrak of GE Healthcare will become its new chairman and CEO in June.
St. Jude Medical Gets $2.3B In Trade Secrets CaseSt. Jude Medical Inc. says a Los Angeles jury awarded it $2.3 billion in a lawsuit against a former employee of its heart device business and a Chinese company he founded.
Medtronic To Cut Up To 2,000 JobsMedtronic, the world's largest medical device maker, said Tuesday it will lay off up to 2,000 workers as part of a restructuring effort to make up for anemic sales of its implants.
Judge Adds Probation To Guidant Plea DealA federal judge signed off Wednesday on a plea agreement that calls for Boston Scientific Corp.'s Guidant unit to pay $296 million for failing to properly disclose changes made to some implantable heart devices, but added three years of probation to the deal.