Medtronic (MDT) Tops Q3 EPS by 5c, Updates FY Guidance

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Medtronic (MDT) Granted FDA Breakthrough Designation for Developing Personalized Closed Loop Insulin Pump System for Diabetes Management

February 19, 2019 6:58 AM EST

Medtronic plc (NYSE: MDT) today announced it has received Breakthrough Device designation from the U.S. Food and Drug Administration (FDA) for its Personalized Closed Loop (PCL) insulin pump system, currently in development. The PCL technology is designed to automate insulin delivery in a way that is real-time, personalized and adapts to the user. The system will also provide insights and predictive diagnostics unique to the individual, with a goal of dramatically simplifying diabetes management for the patient. The recent acquisition of Nutrino Health and their... More