Medtronic Receives FDA Approval For Extravascular Defibrillator To Treat Abnormal Heart Rhythms, Sudden Cardiac Arrest
Portfolio Pulse from Benzinga Newsdesk
Medtronic has received FDA approval for its extravascular defibrillator, a device designed to treat abnormal heart rhythms and sudden cardiac arrest. This approval could potentially boost the company's market share in the cardiac devices sector.
October 23, 2023 | 12:03 pm
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Medtronic's FDA approval for its new extravascular defibrillator could potentially increase its market share in the cardiac devices sector, positively impacting its stock.
FDA approval is a significant milestone for healthcare companies. It allows them to market and sell their products, potentially leading to increased revenues. Given the importance of the cardiac devices sector, this approval could significantly boost Medtronic's market share, leading to a positive impact on its stock.
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