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Stock Market & Financial Investment News

News Breaks
May 22, 2014
05:54 EDTCOVCovidien releases study results demonstrating effectiveness of Stellarex DCB
Covidienís Stellarex drug-coated angioplasty balloon, or Stellarex DCB, continues to be shown as safe and effective for treatment of peripheral arterial disease, or PAD, according to new 24-month data released today from the companyís ILLUMENATE First-in-Human Study. The Stellarex DCB uses EnduraCoat technology, a durable, uniform balloon coating designed to prevent drug loss during transit and facilitate controlled, efficient drug delivery to the treatment site. The study found the Stellarex DCB to be safe, with durable results to 24 months, including: Primary patency was 82.3% at 24 months. Freedom from clinically-driven target lesion revascularization at 24 months was 87.9%. This is the same rate observed at 12 months; no new events were reported demonstrating a sustained low rate of repeat treatment out to 24 months. No amputations or cardiovascular deaths were reported.
News For COV From The Last 14 Days
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August 28, 2014
07:05 EDTCOVCovidien acquires Sapheon, terms not disclosed
Covidien announced that it has acquired Sapheon, Inc., a privately-held developer of venous disease treatments. Financial terms of the transaction were not disclosed.
August 26, 2014
19:33 EDTCOVCovidien shareholder sues to block sale to Medtronic, Bloomberg reports
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August 22, 2014
07:01 EDTCOVCovidien acquires Reverse Medical, terms not disclosed
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August 20, 2014
07:18 EDTCOVMedtronic shares have upside with or without deal, says Deutsche Bank
Deutsche Bank sees limited downside risk and significant upside potential for shares of Medtronic (MDT), with or without the pending Covidien (COV) acquisition. Deutsche says the Q1 results show improving trends and it keeps a Buy rating on Medtronic with an $85 price target.
August 19, 2014
08:22 EDTCOVMedtronic: We will continue to pay significant US taxes following Covidien deal
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August 18, 2014
16:10 EDTCOVCovidien says study shows directional atherectomy safe, effective
Covidien announced that directional atherectomy is "safe and effective as a frontline therapy for the treatment of peripheral arterial disease," according to a Covidien study published online today in the Journal of American College of Cardiology, Cardiovascular Interventions. Results from the DEFINITIVE LE study using Covidienís TurboHawk and/or SilverHawk directional atherectomy systems demonstrated 95% limb salvage in patients with critical limb ischemia and 78% overall patency in claudicant patients at 12 months.

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