St. Jude manufacturing expansion
This article was originally published in The Gray Sheet
Executive Summary
St. Jude Medical is set to begin manufacturing cardiac rhythm management devices at its new Arecibo, Puerto Rico, plant, following FDA approval of the facility July 31, firm announces Aug. 20. Production of pacemakers and cardiac leads will come first, with implantable cardioverter defibrillators to be added late this year, St. Jude says. St. Jude is poised to capture 24% of the worldwide ICD market for 2008, Wachovia analyst Larry Biegelsen predicted in mid-July (1"The Gray Sheet" July 21, 2008, p. 14)