Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



How R&D Is Paying Off for These Medical-Device Makers

Medtronic  (NYSE: MDT  ) , St. Jude Medical  (NYSE: STJ  ) , and Boston Scientific  (NYSE: BSX  ) are three medical-device makers that pour hundreds of millions of dollars into research and development every year. What follows is a concrete example of how their technological devices save millions of lives.

At the recent mHealth Summit near Washington, D.C., the Fool's Max Macaluso and Rex Moore were able to speak with Robert McCray of the Wireless-Life Sciences Alliance. In this video, Rob explains how Medtronic, St. Jude, and Boston Scientific incorporate wireless technology in their defibrillators, and how it helps doctors and patients alike.

A full transcript follows the video.

The best stock for your portfolio in 2014
There’s a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it’s one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Robert McCray: One example is the big med-device companies: Medtronic  (NYSE: MDT  ) , St. Jude  (NYSE: STJ  ) , and Boston Scientific  (NYSE: BSX  ) . They all have competing defibrillators that are implanted, that collect information about the patient, and they save lives when there's a heart rhythm issue and they fire off.

Traditionally, a patient with a defibrillator -- an implant -- had to go into a doctor's office, who had a special device to pull information from that defibrillator and determine how the patient was doing, whether some adjustment to meds was required, whether the device itself had some defect.

Starting about eight years ago, all three of the companies put wireless systems in those defibrillators so that they could be read on a bedside monitor in the patient's home. As a result of that, based on one very large retrospective study, the life expectancy of patients with that connected health defibrillator was twice as good after five years as those that didn't have it. That's a concrete example.

They weren't paid for this, by the way. There's no extra reimbursement for this technology. It just made their product better.

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.

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: 2824870, ~/Articles/ArticleHandler.aspx, 8/28/2015 1:13:21 AM

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...

Rex Moore

Rex Moore spent his formative years in Texas, and fought beside Davy Crockett at the Alamo. He currently travels the globe for TMF, bringing back video reports on conferences and companies that matter for investors.

Today's Market

updated 3 hours ago Sponsored by:
DOW 16,654.77 369.26 2.27%
S&P 500 1,987.66 47.15 2.43%
NASD 4,812.71 115.17 2.45%

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

8/27/2015 4:03 PM
BSX $16.94 Up +0.57 +3.48%
Boston Scientific… CAPS Rating: ***
MDT $73.52 Up +1.28 +1.77%
Medtronic CAPS Rating: *****
STJ $72.43 Up +3.09 +4.46%
St. Jude Medical,… CAPS Rating: *****