2 Big Approvals Med Tech Investors Need to Know

Medtronic's (NYSE: MDT  ) the largest pure medical device maker in the world, but even this health care giant's sales growth has fallen off the pace recently. The company's revenue grew by just 2% year-over-year in its most recent quarter, and some of its largest businesses -- such as its defibrillation and spine segments -- have actually seen sales fall. Falling prices have hurt sales growth across the entire medical device industry, but tough competition has also crept up on Medtronic across its many businesses.

The company could use a dose of good news, and investors got some earlier this week. Medtronic received approval from the Food and Drug Administration for two new indications for one of its promising endovascular stents, the Complete. Medtronic's a top player in both the peripheral and coronary stent industries, but can these latest approvals help this firm stay atop its rivals in the space?

In the video below, Fool contributor Dan Carroll tells you what you need to know about Medtronic's latest green lights and how the company's stent business is setting up for investors' future.

In it for the long term
Medtronic has been one of health care's leading stocks for many years, and it's a testament to the most reliable strategy for investors: Keep your eye on the long term, and you'll give your portfolio the best chance at maximizing your financial success. The Motley Fool's special free report "3 Stocks That Will Help You Retire Rich" names specific investment opportunities that could help you build long-term wealth and help you retire well. The Fool also outlines critical wealth-building strategies that every investor should know. Click here to keep reading.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2658047, ~/Articles/ArticleHandler.aspx, 9/26/2016 6:44:43 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
MDT $86.56 Down -1.15 -1.31%
Medtronic CAPS Rating: *****
ABT $41.68 Down -0.51 -1.21%
Abbott Laboratorie… CAPS Rating: *****
BSX $23.73 Up +0.02 +0.08%
Boston Scientific CAPS Rating: ***