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  • Today

      Show headlines and story abstract
    • 17 minutes ago by Dow Jones
      Companies Mentioned: MDT

      Medtronic Plc (MDT) announced a voluntary recall Friday to notify users of its insulin pumps of potential risks of shortened pump battery life, telling them to contact the company for pump replacement if affected. The Galway, Ireland-based medical device maker said it issued a field action starting July 31, notifying global customers of its MiniMed 600 series or 700 series insulin pumps to follow built-in alerts and alarms for battery status and inform the company if they noticed changes in battery life of the pump. The company first started to investigate the issue after receiving reports from customers regarding shortened battery life. It discovered that if pumps were dropped, bumped or experienced physical impact even once it could lead to shortened battery life due to damage to internal electronic components. "This may result in the pump stopping insulin delivery significantly sooner than usually expected and could lead to health risks like hyperglycemia or diabetic ketoacidosis (DKA), potentially requiring medical intervention," said Medtronic. The company has now received 170 reports of hyperglycemia and 11 reports of DKA in the period stretching from January of 2023 to September 2024 in the U.S., potentially relating to the issue. The Food and Drug Administration has classified the action as a class I recall. The stock was flat premarket but has gained 6.5% in the year to date, while the S&P 500 has gained 19.5%.
    • 32 minutes ago by CNW Group
      Companies Mentioned: MDT

      COMTEX_458471026/2669/2024-10-04T06:45:34

    • 32 minutes ago by PR Newswire
      Companies Mentioned: MDT

      Customers are being notified of the importance of checking built-in alerts and alarms for battery status and to contact Medtronic for pump replacement if affected by this issue

      Medtronic plc (NYSE: MDT), a global leader in healthcare technology, voluntarily issued a field action starting on July 31, 2024, notifying global customers of its MiniMedâ„¢ 600 series or 700 series insulin pumps to follow their pump's built-in alerts and alarms for battery status and to contact Medtronic if they observe changes in the battery life of their pump. Medtronic began investigating this issue upon receiving customer reports of shortened battery life and a comprehensive analysis found that pumps that have been dropped, bumped, or experienced physical impact even once may result in shortened battery life due to damage to internal electrical components. This electrical issue also causes battery alerts to occur when less battery life remains than the User Guide states. This may result in the pump stopping insulin delivery significantly sooner than usually expected and could lead to health risks like hyperglycemia or diabetic ketoacidosis (DKA), potentially requiring medical intervention. Most recently, Medtronic has received 170 reports of hyperglycemia >400mg/dL and 11 reports of diabetic ketoacidosis from January 2023 to September 2024 in the US potentially related to this issue. The FDA has classified this action as a class I recall.

    • 33 minutes ago by Dow Jones
      Companies Mentioned: MDT

      Voluntary recall notifying Medtronic insulin pump users of potential risks of shortened pump battery life

      Canada NewsWire

      GALWAY, Ireland, Oct. 4, 2024
  • Oct 1, 2024

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