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