Business Standard

Medtronic's diabetes breakthrough puts woes in past with soaring sales

18 months after the device was approved, the company says it will be able to meet demand

sugar, diabetes, injection
Premium

Photo: Shutterstock

Bloomberg
Medtronic Plc’s diabetes breakthrough is finally starting to pay off.

The diabetes division led the medical-device company’s sales growth last quarter, with a 17 per cent increase. The gain followed more than a year of mishaps that had prevented Medtronic from meeting surging demand for its latest device -- an artificial pancreas that takes over much of the constant attention diabetics must devote to controlling their blood sugar levels.

“I do expect this to be a pivot point in many ways for diabetes,” Chief Executive Officer Omar Ishrak said in a telephone interview following the company’s quarterly earnings call. He expects the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in