Medtronic Puts Its 2014 Tyrx Buy To The Test With Large Study
This article was originally published in The Gray Sheet
The 7,000-patient WRAP-IT study will measure the clinical and cost benefits of employing the Tyrx antibacterial envelope, acquired by Medtronic last year, to reduce infections following cardiac rhythm management device implant procedures. Medtronic hopes to leverage new incentives for hospitals to cut infection rates.
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The $160 million cash acquisition fits with the firm’s efforts to fashion itself into a health care services and solutions company, rather than pure device firm. TYRX makes anti-bacterial envelopes for implanted devices, and has FDA clearances with cardiac implantable electronic devices and spinal cord neurostimulators.
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