MDT News & Events

Orchestra BioMed (OBIO) announced that the FDA has granted a second breakthrough device designation, or BDD, for AVIM therapy specific to patients with uncontrolled hypertension despite the use of anti-hypertensive medications, and an indication for a pacemaker. Together, the two BDDs for AVIM therapy cover indications that encompass both the broader population of patients with uncontrolled hypertension despite medication and increased cardiovascular risk as well as the specific pacemaker-indicated population with uncontrolled hypertension being evaluated in the BACKBEAT trial, which Orchestra BioMed is conducting in collaboration with Medtronic (MDT).

Teleflex (TFX) announced that Jason Weidman has been appointed President and CEO, effective June 8. He will succeed Stuart Randle, who has been serving as Interim President and CEO since January 2026 and will continue as a member of Teleflex's Board of Directors. Weidman is expected to join the Teleflex Board when he assumes his role as President and CEO. Weidman is a proven medical technology leader with over 25 years of industry experience and a strong track record of building and scaling businesses globally. He joins Teleflex from Medtronic (MDT), where he held a number of senior leadership roles over nearly two decades, most recently serving as SVP and President, Coronary & Renal Denervation, and SVP and President, Aortic, Peripheral and Venous. In these positions, he oversaw significant growth and global expansion of multi-billion dollar revenue operating units, including the successful launch of key innovations and acquisitions.

Catch up on the weekend's top five stories with this list compiled by The Fly: 1) President Trump said on social media: "I just cancelled the trip of my representatives going is Islamabad, Pakistan, to meet with the Iranians. Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their 'leadership.' Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!" 2) Sun Pharmaceutical Industries and Organon & Co. (OGN) announced that they have entered into a definitive agreement under which Sun Pharma will acquire all outstanding shares of Organon for $14.00 per share in an all-cash transaction with an enterprise valuation of $11.75B. Transaction Summary: Sun Pharma will acquire 100% of Organon's issued and outstanding shares for cash. Sun Pharma plans to fund the acquisition through a combination of available cash resources and committed financing from banks. The transaction will be effected by a merger of Organon with a subsidiary of Sun Pharma, with Organon surviving the merger. The transaction is expected to close in early 2027, subject to customary conditions, including regulatory approvals and Organon stockholder approval. The transaction has been approved by the Boards of Directors of both Sun Pharma and Organon and is subject to customary closing conditions, including receipt of required regulatory approvals and approval by Organon stockholders. 3) Oracle's (ORCL) $16B financing for a giant data center in Michigan has finally wrapped after months of negotiations with investors, Davide Barbuscia, Caleb Mutua, and Natalie Wong of Bloomberg reports. Bank of America (BAC) sold $14B of bonds tied to the project. Pimco bought $10B of the bonds that priced Friday, while other investors bought the remaining debt, people with knowledge of the matter told Bloomberg. 4) NeuroSense (NRSN) announced on Friday that Dr. Ferenc Tracik will step down from his role as the company's Chief Medical Officer, effective April 27. Tracik will continue to support the company as an independent advisor, NeuroSense added. "Dr. Tracik's departure is not the result of any disagreement with the Company on matters relating to its operations, policies, or practices," it said. 5) Medtronic (MDT) announced the U.S. Food and Drug Administration granted Breakthrough Device Designation for the Sphere-9 catheter for the treatment of VT, providing an expedited regulatory pathway for the technology.