Medtronic Issues Yet Another Recall for Pipeline Device
The coating issue that’s bedeviled the Pipeline device made by Medtronic (NYSE:MDT) last week prompted another recall for the brain aneurysm treatment.
Originally developed by Ev3, the Pipeline device is designed to divert blood from the aneurysm. Covidien acquired Ev3 in the summer of 2010, paying $2.6 billion in cash, and the technology moved to Medtronic with its $50 billion buyout of Covidien last year. The FDA approved Pipeline in March 2011.
Originally developed by Ev3, the Pipeline device is designed to divert blood from the aneurysm. Covidien acquired Ev3 in the summer of 2010, paying $2.6 billion in cash, and the technology moved to Medtronic with its $50 billion buyout of Covidien last year. The FDA approved Pipeline in March 2011.