Tag Archives: mdt

Edwards Up, Medtronic Down After Court Hits CoreValve

Shares of device maker Edwards Lifesciences (EW) jumped 14% in early trading in the stock market today after word got out late Friday that the company had won a court injunction limiting the sale of Medtronic’s (MDT) CoreValve artificial heart valve in the U.S. Medtronic stock was down 3%. CoreValve, which has been sold in Europe for several years, was approved by the FDA in January. But Edwards, whose rival Sapien product has been sold in America

Medtronic Price Target Raised, But Already Beats

The artificial heart valve battle remains a bit of a draw. Medtronic (MDT) and Edwards Lifesciences (EW) offered competing sets of data on their artificial heart valves at the American College of Cardiology meeting in Washington, D.C., last weekend. On Wednesday, RBC Capital Markets analyst Glenn Novarro hiked his price target on Medtronic stock to 61 from 56, but shares already trade above his new price. Medtronic was up nearly 1% in midday

Medtronic, Edwards Face Off For Heart-Device Market

Medical-device giants Medtronic (MDT) and Edwards Lifesciences (EW) offered competing sets of data on their artificial heart valves over the weekend. Both stocks were up in morning trading on the stock market today. At the American College of Cardiology meeting in Washington, D.C., Medtronic reported that patients at high risk of death from open-heart surgery had a significantly higher survival rate with Medtronic’s minimally invasive CoreValve