FDA approves Medtronic defibrillator; speed of clearance surprises industry

Article Abstract:

The Food and Drug Administration (FDA) has granted marketing approval to Medtronic Inc.'s Gem DR defibrillator. The device, which won approval in 151 days, has dual-chamber pacing, which gives electronic impulses to both the ventricle and the left atrium of the heart. The Gem DR defibrillator is the first device in the US to have this feature, one which is central to the success of the $1 billion-a-year defibrillator industry. William W. George, Medtronic's chairman and chief executive, believes that dual-chamber devices will comprise more than 50% of the defibrillator market. The defibrillator business has been growing world-wide at about 30%.

Comment:

FDA gives marketing approval for Medtronic's Gem DR defibrillator, which has dual-chamber pacing

Electromedical and Electrotherapeutic Apparatus Manufacturing, Product introduction, New Products/Services, Defibrillators, Medtronic Inc.

---

PC sales slowed sharply in second period

Article Abstract:

According to market researcher International Data Corp., world-wide unit shipments of personal computers (PCs) grew just 7% from the second quarter of 1997, down from a 10% growth rate in the first period. In the US market, IDC estimated that PC sales growth at 10%, down from 14% growth in the first period. While the slowdown in PC sales is partly attributed to the emergence of sub-$1000 computers and a slowdown in user demand, particularly in Asian markets, analysts believe that the effects of a buildup of inventory on the part of all major manufactures has played the largest role in effecting sales.

Comment:

World: Global unit shipments of PCs grew just 7% from 2nd qtr of 1997, down from 10% in 1st qtr

Electronic Computer Manufacturing, Analog & Hybrid Computers, Sales & consumption, World, Microcomputers

---

Similar abstracts:

• Abstracts: A comment on the viability of the allowance for corporate equity. The effect of tax-based savings incentives on government revenue
• Abstracts: Digital commerce: Netscape's decision to give away code could alter the software industry. Just keep those letters coming
• Abstracts: Asset prices are likely to go off the boil. The flying squad. A word in your ear...
• Abstracts: Gore to unveil savings bonds with rates tied to inflation. Foreign banks pulled out of Asia late, a report says
• Abstracts: FDA is putting the squeeze on makers of fresh juice Founders deny dual records at Livent Inc

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.