FDA Panel Recommends Approval of Medtronic, Inc. (JOBS) Heart Valve under Humanitarian Device Exemption

First-of-Its-Kind Medical Device, Melody® Transcatheter Pulmonary Valve, Offers Minimally-Invasive Treatment Option for Congenital Heart Disease Patients.

GAITHERSBURG, Md.--(BUSINESS WIRE)--People born with heart defects and the clinicians who treat them can take heart in a U.S. Food and Drug Administration (FDA) panel’s unanimous vote (12-0) to recommend approval with conditions of a novel medical device that addresses the effects of a dysfunctional pulmonary valve without opening the chest for surgery. The pulmonary valve connects the heart to the lungs, where blood is enriched with oxygen before being pumped to the rest of the body.

The FDA’s Circulatory System Devices Panel today recommended conditional approval of a Humanitarian Device Exemption (HDE) for the Melody Transcatheter Pulmonary Valve, by Medtronic, Inc. (NYSE: MDT - News), for the treatment of children and adults with congenital heart disease. The FDA usually follows the recommendations of its expert panels. Devices approved under HDE are intended to serve patient populations of fewer than 4,000 per year in the United States.

“This Melody valve is an enormous breakthrough – and an enormous relief – for patients with congenital heart disease,” said pediatric cardiologist Dr. William E. Hellenbrand of the NewYork-Presbyterian Morgan Stanley Children's Hospital and professor of clinical medicine at Columbia University Medical Center. “The device offers the potential to break the cycle of open-heart surgery after open-heart surgery. If the FDA follows the advice of its expert panel, physicians and patients will have a powerful new option for these very sick and hard-to-treat patients.”

Transcatheter valve (TCV) technology provides a less invasive means to replace a failing heart valve. It is designed to allow physicians to deliver replacement valves via a catheter through the body’s cardiovascular system, eliminating the need to open the chest. TCV technology can thereby delay open-heart surgery for valve replacement. Medtronic is committed to leading the development of TCV technology for all four valves of the heart: aortic, mitral, pulmonic and tricuspid.

The Melody Transcatheter Pulmonary Valve is the first transcatheter heart valve to be approved for commercial use anywhere in the world and the first to be reviewed by an FDA panel. It received Conformité Européenne (CE) mark, the European regulatory approval, in October 2006, and has been approved for sale in Canada since December 2006. To date, nearly 1,000 patients worldwide have benefited from the Melody Transcatheter Pulmonary Valve. With today’s panel recommendation, the device is on track to become the first transcatheter heart valve of any kind to receive FDA approval for use in the United States.

The panel’s recommended conditions of approval include a post-approval study, revision of the patient brochure and instructions for use, and implementation of a physician training and education program.

Patients with a dysfunctional pulmonary valve tire easily, as the heart over-exerts itself trying to get oxygenated blood throughout the body. The condition has traditionally required opening the chest for heart surgery, which is associated with discomfort and significant risks for the patient.

The Melody Transcatheter Pulmonary Valve gives physicians and patients the option to delay the next open-heart surgery. The device is intended to ensure blood flow from the right ventricle to the lungs, and ultimately to the rest of the body. The Melody system may also reduce the cost of treatment by avoiding surgical complications, postoperative intensive care and extended hospital stays.

“We are very pleased with the FDA panel’s recommendation today and look forward to working with the FDA to address labeling and any remaining issues as quickly as possible so that more congenital heart disease patients in the United States can benefit from this technology,” said cardiac surgeon Dr. John Liddicoat, vice president and general manager of the Structural Heart division, part of the CardioVascular business at Medtronic. “By providing a less invasive option and therefore delaying even one open-heart surgery, we can improve the lives of thousands of congenital heart disease patients.”

Following today’s panel recommendation, the Melody Transcatheter Pulmonary Valve remains an investigational device in the United States, where its use is limited to a clinical trial approved by the FDA. Approval of the Melody system as an HDE is under review by the FDA.

ABOUT MEDTRONIC

Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health and extending life for millions of people around the world.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic’s Annual Report on Form 10-K for the year ended April 24, 2009. Actual results may differ materially from anticipated results.

Contact:

Medtronic, Inc.Public Relations:Joe McGrath, 612-819-6421orInvestor Relations:Jeff Warren, 763-505-2696

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