Thriving Global Medical Device Industry Projected to Top $400 Billion by 2023 - Seite 3

Abbott (NYSE: ABT) announced this year that the HeartMate 3 Left Ventricular Assist Device (LVAD) has received U.S. Food and Drug Administration (FDA) approval as a destination therapy for people living with advanced heart failure. With the approval, physicians can now offer the HeartMate 3 system to patients not eligible for a transplant who will live with their device for the rest of their lives. More than 5.7 million Americans suffer from heart failure, and there are approximately 915,000 new patients diagnosed with the disease annually. For advanced heart failure patients who can no longer rely on earlier stage treatment options, LVAD's take the workload off a weakened heart by pumping blood through the body-providing crucial, life-saving support for patients awaiting a heart transplant or for those not able to receive one.

DexCom, Inc. (NASDAQ: DXCM), a leader in continuous glucose monitoring (CGM), and Verily, an Alphabet company, recently announced an amendment to the Collaboration and License Agreement surrounding the ongoing development efforts between the companies. The revised terms are intended to reinforce the companies' mutual product development goals, while expanding options for future collaborations. The agreement also accelerates Dexcom's efforts to advance into the Type 2 diabetes space and improves its future profitability.

Medtronic plc (NYSE: MDT) today announced it has completed the acquisition of Israel-based Mazor Robotics (NASDAQ: MZOR). Under the terms of the acquisition agreement announced on September 20, 2018, Mazor shareholders will receive $58.50 per American Depository Share, or $29.25 per ordinary share, in cash. The total value of the transaction is reported at $1.7 billion, or $1.3 billion net of Medtronic`s existing stake in Mazor and cash acquired. Medtronic`s acquisition of Mazor ranks among the largest orthopedic deals completed in 2018. This acquisition strengthens Medtronic`s position as a global innovator in enabling technologies for spine surgery. By combining Medtronic`s market-leading spine implants, navigation, and 3D imaging technology with Mazor`s robotic-assisted surgery systems, Medtronic offers a fully-integrated procedural solution for surgical planning, workflow, execution and confirmation.