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Encyclopedia > Medtronic

Medtronic, Inc. (NYSE: MDT), based in Fridley, Minnesota, is one of the world's largest medical technology companies. Listed among Fortune 500 companies, Medtronic is a publicly traded company, and is listed on the New York Stock Exchange under the symbol MDT. The company was founded in 1949 by Earl Bakken and Palmer Hermundslie, and is credited with manufacturing the first wearable artificial pacemakers. However, they started off with much more modest intentions, acting as a repair company, servicing medical equipment in local hospitals. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... Fridley is a city located in Anoka County, Minnesota. ... The World in plate carrée projection The World In English, world is rooted in a compound of the obsolete words were, man, and eld, age; thus, its oldest meaning is Age of Man. ... Biomedical engineering is a discipline concerned with the development and manufacture of prostheses, medical devices, diagnostic devices, drugs and other therapies. ... A company in the broadest sense is an aggregation of people who stay together for a common purpose. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... A publicly traded corporation often refers to a company whose shares are traded on the open market, such as a stock market. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... 1949 is a common year starting on Saturday. ... This article is about a medical device which electrically stimulates the heart. ... Repair and Maintenance is fixing any sort of mechanical or electrical device should it get out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble from arising (preventive maintenance). ... A hospital today is an institution for professional health care provided by physicians and nurses. ...

Medtronic followed a path familiar to technology historians, starting in a garage. In Medtronic's case, the garage was in northern Minneapolis, which became quite cold at certain times of year. The company expanded through the 1950s, mostly selling equipment built by other companies, but some custom hardware was also developed. The employees eventually came to know Dr. C. Walton Lillehei, a noted heart surgeon who was then at the University of Minnesota. Dr. Lillehei was frustrated with the pacemakers of the day, which relied on wall current to operate. This was extremely troublesome because power outages would cause patients to die. Garage has several meanings: Look up Garage in Wiktionary, the free dictionary In connection with vehicles, a garage has the following meanings: A building attached to or on the grounds of a residence for storing an automobile (UK: car) A garage that is open on at least 2 sides is... Downtown Minneapolis as viewed from the Stone Arch Bridge Minneapolis is the largest city in Minnesota and the county seat of Hennepin County. ... Millennia: 1st millennium - 2nd millennium - 3rd millennium // Events and trends The 1950s in Western society was marked with a sharp rise in the economy for the first time in almost 30 years and return to the 1920s-type consumer society built on credit and boom-times, as well as the... Dr. C. Walton Lillehei (October 23, 1918–July 5, 1999) is known as the Father of Open-Heart Surgery. ... The heart and lungs (from an older edition of Grays Anatomy) The heart (Latin cor) is a hollow, muscular organ that pumps blood through the blood vessels by repeated, rhythmic contractions. ... Surgery Surgery is the medical specialty that treats diseases or injuries by operative manual and instrumental treatment. ... Affectionately referred to by locals as the U or U of M, The University of Minnesota is a large university with several campuses spread throughout the U.S. state of Minnesota. ... Type F Mains power plug & socket The term mains usually refers to the general purpose AC electrical power supply (as in Ive connected the appliance to the mains). The term is not usually used in the US and Canada. ... A power outage is the loss of the electricity supply to an area. ...

Bakken built a small transistorized pacemaker that could be strapped to the body and powered by batteries. Work into this new field continued, producing an implantable pacemaker in 1960. Through hole transistors (tape measure marked in centimeters) The transistor is a solid state semiconductor device which can be used for amplification, switching, voltage stabilization, signal modulation and many other functions. ... Four double-A (AA) batteries In science and technology, a battery is a device that stores energy and makes it available in an electrical form. ... The term implant has different meanings: in Scientology, see Implant (Scientology) in medicine, see prosthesis This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 1960 was a leap year starting on Friday (link will take you to calendar). ...

The company has continued to innovate in the medical business, and is considered an economically-important company for Minnesota. The word economy can refer to any of several things: The economy of the world — see world economy The economy of a country — see economics and economic system Economy is financial soundness or affordability. ... State nickname: North Star State Other U.S. States Capital Saint Paul Largest city Minneapolis Governor Tim Pawlenty (R) Official languages None Area 225,365 km² (12th)  - Land 206,375 km²  - Water 18,990 km² (8. ...

On April 22, 2005, Medtronic paid US$ 1.35 billion to settle a patent lawsuit and also to acquire disputed spine surgery-related patents from Gary K. Michelson. April 22 is the 112th day of the year in the Gregorian calendar (113th in leap years). ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ... The United States dollar is the official currency of the United States. ... A patent is a set of exclusive rights granted by a state to a person for a fixed period of time in exchange for the regulated, public disclosure of certain details of a device, method, process or substance (known as an invention) which is new, inventive and useful. ... A lawsuit is a civil action brought before a court in which the party commencing the action, the plaintiff, seeks a legal remedy. ... Gary K. Michelson - Wikipedia /**/ @import /skins/monobook/IE50Fixes. ...

External links

  • Medtronic, Inc., website
  • Yahoo! - Medtronic, Inc. Company Profile
  • IMNO Interviews Bill George Former Chairman and CEO of Medtronic

  Results from FactBites:
Medtronic appeals:  (1) the summary judgment, challenging the conclusion that claim 3 was not unenforceable and challenging the claim construction that resulted in infringement; (2) the enhancement of damages; and (3) the district court’s denial of two of its motions.
Medtronic places heavy emphasis on the claim’s use of the words “in” and “on.”  The claim states that the guidewire openings are “in” the catheter shaft and that the balloon is “on” the catheter shaft.
Medtronic’s second assertion is that the district court abused its discretion by refusing to allow Medtronic to introduce legal opinion letters prepared for the ’548 and ’273 patents.
Medtronic - Wikipedia, the free encyclopedia (414 words)
Medtronic's main competitors for cardiac devices are Guidant (now a division of Boston Scientific) and St.
Medtronic followed a path familiar to technology historians, starting in a garage in northern Minneapolis.
Medtronic makes a wide array of implantable electronic devices, from the relatively common ICD or implantable cardioverter-defibrillator, to devices for managing urinary incontinence and obesity to name just a few.
  More results at FactBites »



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