Medtronic Pays $500 Million Tax Charge To Move $9.8 Billion To United States
As part of an internal restructuring related to its $49.9 billion merger with Covidien, Medtronic will pay a one-time tax charge of $500 million so that it can bring $9.8 billion in overseas cash to the United States. This move is the result of the tax inversion deal that relocated Medtronic from Minnesota to Ireland, where … [Read more...] about Medtronic Pays $500 Million Tax Charge To Move $9.8 Billion To United States
Recall of Covidien Infant and Child Tracheostomy Tubes Because of Breathing Difficulties
Covidien Tracheostomy Tubes Are Being Recalled. On May 8, 2015 Medtronic began notifying hospitals and distributors that lots of its Covidien Shiley tracheostomy tubes for infants and children manufactured after November 29, 2012 were formed with a wider-angle bend than standard models. Medtronic has recalled 70,000 … [Read more...] about Recall of Covidien Infant and Child Tracheostomy Tubes Because of Breathing Difficulties
Covidien Agrees to Settlement in 11,000 Transvaginal Mesh Cases
Device maker Covidien has agreed to a settlement of more than 11,000 claims involving its transvaginal mesh devices, alleged to have caused severe and painful side effects. A court filing on Tuesday in West Virginia federal court did not disclose the settlement amount or exactly how many cases would be resolved under the … [Read more...] about Covidien Agrees to Settlement in 11,000 Transvaginal Mesh Cases
FDA Class I Recall for Covidien Trellis 6 and Trellis 8 Infusion Systems
The medical device maker Covidien has recalled the Trellis 6 and Trellis 8 Peripheral Infusion systems because of a labeling error that could lead to patient injury or death. The Trellis Peripheral Infusion system is used to treat blood clots that may form in the veins or arteries of the arms, hands, legs, or feet, the Food and … [Read more...] about FDA Class I Recall for Covidien Trellis 6 and Trellis 8 Infusion Systems
Infuse Lawsuit May Affect Medtronic Acquisition of Covidien
Class Action Lawsuit Dilemma Medtronic's $43 billion acquisition of Covidien, which is already controversial, may be influenced by a class action lawsuit over its Infuse bone growth product. According to Star Tribune, if a jury rules in favor of the plaintiff, many patients may be able to sue over injuries. Medtronic has used the … [Read more...] about Infuse Lawsuit May Affect Medtronic Acquisition of Covidien
Covidien Recalls Pedi-Cap CO2 Detectors Due to Manufacturing Issue
Pedi-Cap End-Tidal CO2 Detectors Are Being Recalled. A Class I recall has been issued for Pedi-Cap End-Tidal CO2 Detectors (Pedi-Cap and Pedi-Cap 6). Class I recalls are the Food & Drug Administration's most serious type of recall and involve situations in which there is a reasonable probability that use of these … [Read more...] about Covidien Recalls Pedi-Cap CO2 Detectors Due to Manufacturing Issue
Covidien Recalls Cr-51 Injection
Sodium Chromate Cr-51 Injection. One lot of Sodium Chromate Cr-51 Injection has been recalled by Covidien subsidiary Mallinckrodt Inc. According to the recall notice, the lot involved in the Mallinckrodt Inc. Sodium Chromate Cr-51 Injection was found to be subpotent. Sodium Chromate Cr-51 Injection is a radiopharmaceutical … [Read more...] about Covidien Recalls Cr-51 Injection
Pediatric Tracheostomy Tubes Recalled by Covidien
Covidien Tracheostomy Tubes Have Problems. Covidien Inc. is recalling several lots of Shiley 3.0PED Cuffless Pediatric Tracheostomy Tubes because practitioners have reported difficulty inserting two of the device's components during procedures. The action has been deemed a Class I recall, the Food & Drug … [Read more...] about Pediatric Tracheostomy Tubes Recalled by Covidien
