Medtronic CFO, Gary Ellis, said the company plans to cut $1.2 billion in operation costs as the company finishes a five-year, $1 billion plan that lowered its expenses by 25 percent, according to a MassDevice report.
Shares were up after the company announced higher-than-expected second quarter earnings last week. Mr. Ellis also said the market for spinal implants and cardiac rhythm management devices might be stabilizing.
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Shares were up after the company announced higher-than-expected second quarter earnings last week. Mr. Ellis also said the market for spinal implants and cardiac rhythm management devices might be stabilizing.
Related Articles on Supply Chain:
Commentary: Pharmaceutical Companies More Careful About Off-Label Promotion
GE Unveils Discovery IGS 730 Interventional Imaging System at RSNA
Medtronic Sales High Despite Challenges for Heart and Spine Implants