St. Jude Medical CEO Criticizes Unnamed Rival, Offers Recipe for Innovation

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The keys to a huge payoff in the medical device industry are cost-cutting technologies and those that target the right disease states, according to St. Jude CEO Daniel Starks. The medical device industry has some pretty big hurdles to face, but companies can still land big wins if they can hit the market's "sweet spot", according to St. Jude Medical (NYSE:STJ) CEO Daniel Starks. Speaking at the Collaborative's Minnesota Venture and Finance Conference this week, Starks told the audience that the secret to success for medical device makers is to aim for technologies that help lower the cost of care while improving patient health, Minnesota's Star Tribune reported.

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