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Hugo, renal denervation and diabetes businesses to drive growth despite setbacks, Medtronic CEO says

January 10, 2022 By Sean Whooley

Medtronic Geoff Martha

Medtronic CEO Geoff Martha [Image courtesy of Medronic]

Although three major pipelines at Medtronic (NYSE:MDT) have hit recent speed bumps, CEO Geoff Martha reiterated his belief that they will be major growth factors.

In October, the medtech giant announced that the clinical study of its Symplicity Spyral renal denervation (RDN) system for hypertension would continue into next year after lacking the positive results needed to end enrollment early. The following month, supply chain and manufacturing issues lead to the announcement that Medtronic’s much-anticipated Hugo surgical robot launch had been pushed off-schedule.

The third setback for Medtronic came last month when the company received an FDA warning letter focused on the inadequacy of specific medical device quality system requirements at its diabetes business’ Northridge, California, facility.

Get the full story at our sister site, MassDevice.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
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    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • Subscribe to Print Magazine
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    • MedTech 100 Index
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    • Print Subscription
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  • 2022 Leadership in MedTech
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