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Medtronic plc - Special Call
Seeking Alpha· 2025-10-09 18:56
PresentationRyan WeispfenningVP & Head of Investor Relations Okay. Hello, everyone. Thanks for joining us today. I'm Ryan Weispfenning, Vice President and Head of Investor Relations at Medtronic. Thank you for joining call showcasing the Altaviva device, which just secured FDA approval back on September 18. I want to remind everyone that today's event is being recorded, and a replay will be available on our website shortly after the call. A few quick announcements before we begin. Please note that today's c ...
Medtronic (NYSE:MDT) Update / Briefing Transcript
2025-10-09 16:02
Summary of Medtronic's AltaViva™ Device Conference Call Company and Industry Overview - **Company**: Medtronic - **Industry**: Pelvic Health and Neuromodulation - **Product**: AltaViva™ device, recently FDA approved on September 18, 2023 Key Points and Arguments Product Launch and Market Opportunity - The AltaViva™ device is a significant product launch for Medtronic, expected to accelerate growth in the latter half of the fiscal year [8][44] - Approximately 16 million people in the U.S. suffer from urge urinary incontinence (UUI), with only 45% seeking treatment, indicating a large untapped market [9][10] - The addressable market for UUI is less than 10% penetrated, presenting a substantial opportunity for growth [7][12] - Medtronic aims to raise awareness among the 9 million individuals not currently seeking treatment [11][12] Device Features and Benefits - The AltaViva™ device offers a minimally invasive procedure with a 15-year battery life and same-day activation of therapy [15][19] - The procedure is designed to be simple, requiring only a 2-centimeter incision and can be performed in various care settings without sedation [13][18] - The device is MRI compatible, allowing patients to undergo scans without additional steps [19][25] - The proprietary battery technology ensures consistent performance over time, requiring only one or two recharges per year [20][19] Competitive Landscape - AltaViva™ competes with two other implantable tibial neuromodulation products: eCoin by Valencia Technologies and Revi by BlueWind Medical [23] - Key differentiators include immediate therapy activation, device longevity (15 years vs. 3-10 years for competitors), and MRI compatibility [24][25] - Clinical data from the TITAN 2 study showed that 80% of patients reported improvement after 12 months, with 61% experiencing a significant reduction in UUI episodes [27][28] Reimbursement and Market Access - Medicare provides coverage for implantable tibial devices, with ongoing efforts to secure broader market access and a Category I code [31][32] - Current coverage includes 21% at FDA approval and 27% based on medical necessity, with plans to address non-coverage through the Medtronic Patient Access Support Program [31][32] - The average payment for the procedure is comparable to sacral neuromodulation, facilitating easier adoption by healthcare providers [70] Marketing and Consumer Engagement - Medtronic is adopting a consumer-focused approach for the launch, including community events and advertising campaigns to raise awareness [35][41] - Initial feedback from physicians has been positive, with rapid training and patient treatment following the device's approval [39][40] - The marketing strategy aims to educate both patients and healthcare providers about the benefits of the AltaViva™ device [34][41] Additional Important Insights - The pelvic health market has been underserved, with significant stigma surrounding conditions like UUI and fecal incontinence [7][12] - Medtronic's commitment to patient education and awareness is seen as crucial for unlocking the potential of the AltaViva™ device [43][44] - The company is focused on ensuring that the launch of AltaViva™ does not cannibalize its existing sacral neuromodulation business but rather complements it by reaching a broader patient population [54][56] This summary encapsulates the key points discussed during the conference call regarding Medtronic's AltaViva™ device, its market potential, competitive advantages, and strategic approach to launch and reimbursement.
Medtronic BrainSense™ Adaptive Deep Brain Stimulation named a 2025 TIME Best Inventions
Prnewswire· 2025-10-09 14:10
TIME Best Inventions honors extraordinary innovations changing lives , /PRNewswire/ -- Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced that BrainSense™ Adaptive Deep Brain Stimulation (aDBS) – the world's first closed-loop DBS system for people with Parkinson's – has been recognized by TIME on its annual list of Best Inventions. There are over 10 million people living with Parkinson's disease globally,and while there is currently no cure, Medtronic deep brain stimulatio ...
Medtronic initiates U.S. IDE clinical study evaluating Hugo™ robotic-assisted surgery system for gynecological procedures
Prnewswire· 2025-10-08 11:00
First procedures completed and enrollment underway in Embrace Gynecology study, furthering the company's progress to expand minimally invasive treatment options to patients in the United States , /PRNewswire/ -- Medtronic plc (NYSE: MDT) today announced the start of the Embrace Gynecology investigational device exemption (IDE) U.S. clinical study to evaluate the safety and effectiveness of its Hugoâ"¢ robotic-assisted surgery (RAS) system in robotic-assisted gynecological procedures. The first procedure ...
The Rotation To Value Is On – 5 October Surprise High-Yield Picks
247Wallst· 2025-10-05 19:41
An "October Surprise†is usually a significant, late-breaking news event that generally occurs just before a November election and has the potential to influence its outcome. ...
Here's How You Can Earn $100 In Passive Income By Investing In Medtronic Stock
Yahoo Finance· 2025-10-04 12:01
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Medtronic plc (NYSE:MDT) is a global healthcare technology leader that designs, develops, manufactures, and sells device-based medical therapies and services to treat a wide range of health conditions. It will report its Q2 2026 earnings on Nov. 18. Wall Street analysts expect the company to post EPS of $1.31, up from $1.26 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is ...
This Medical Device Giant Could Be Your Best Inflation Hedge
The Motley Fool· 2025-10-02 08:37
Core Viewpoint - Medtronic is positioned as a strong investment option amid potential economic challenges, particularly due to its pricing power and innovative product offerings that can help mitigate inflationary pressures [2][12]. Pricing Power - Companies with substantial pricing power can navigate inflationary environments effectively. Medtronic, as a leading medical device company, possesses a diverse product portfolio and thousands of patents that provide it with a competitive edge and pricing power [4][6]. - While alternatives exist for some of Medtronic's devices, it remains a market leader in specific areas, such as the recently cleared PulseSelect device for heart rhythm disorders, which enhances its pricing power [5][6]. Innovation and Growth Potential - Medtronic continues to innovate, with upcoming products like the Hugo robotic-assisted surgery system expected to drive growth. The RAS market is underpenetrated, presenting a significant opportunity for Medtronic [7][8]. - The Hugo system is anticipated to enter a market with limited competition, particularly in urologic procedures, which could lead to improved patient outcomes and further establish Medtronic's market position [8]. Financial Resilience and Dividend Performance - Medtronic has demonstrated consistent financial performance, with revenue and earnings growth even during economic downturns. The company has a strong track record of dividend payments, having increased its dividends for 48 consecutive years, moving towards Dividend King status [9][11]. - The ability to reinvest dividends can help investors combat inflation over the long term, making Medtronic an attractive option for those concerned about rising prices [12].
Medtronic (MDT) and its Role in a Recession-Proof Portfolio
Yahoo Finance· 2025-09-29 17:26
Group 1: Company Overview - Medtronic plc (NYSE:MDT) is one of the world's largest medical device makers, with a diverse portfolio in diabetes care, cardiovascular health, medical surgical, and neuroscience [3] - The company has been rewarding shareholders with growing dividends for 48 years, currently paying a quarterly dividend of $0.71 per share, resulting in a dividend yield of 3.01% as of September 26 [5] Group 2: Market Position and Growth Potential - Medtronic is well-positioned for long-term growth, benefiting from its strong industry presence and the global trend of an aging population [4] - The company has invested in high-potential areas such as robotic-assisted surgery, noting that fewer than 5% of eligible surgeries are currently performed robotically, indicating significant growth opportunities [4] Group 3: Resilience in Economic Downturns - In a recession, defensive sectors like healthcare tend to perform better, and Medtronic is expected to benefit from this resilience due to the essential nature of its medical products and services [2]
Medtronic Announces Closing of Public Offering of €1.5 Billion of Senior Notes
Prnewswire· 2025-09-29 12:09
Accessibility StatementSkip Navigation GALWAY, Ireland, Sept. 29, 2025 /PRNewswire/ -- Medtronic plc (the "Company") (NYSE: MDT) announced today that its wholly-owned indirect subsidiary, Medtronic, Inc., has closed a registered public offering (the "Offering") of €750,000,000 principal amount of 2.950% senior notes due 2030 and €750,000,000 principal amount of 4.200% senior notes due 2045 (collectively, the "Notes"). All of Medtronic, Inc.'s obligations under the Notes are fully and unconditionally guarant ...