Medtronic Initiates Restructuring Program To Save Up To $475M Annually
The medtech giant will simplify its organizational structure, consolidate operations and give more autonomy to its individual operating units.
You may also be interested in...
The company’s revenue was down just 1% year-over-year in the third quarter of fiscal 2021, despite the ongoing impact of the pandemic.
Medtronic’s revenue of $6.5bn in the first quarter of fiscal 2021 represents a 17% fall year-over-year, but it still beat analysts’ projections.
Medtronic will launch its next-generation MiniMed 780G insulin pump while continuing to develop complementary technologies to close the competitive gap with its rivals in the diabetes market.