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On Wednesday, MDT said the FDA sent the company a letter in Q3 of fiscal 2011 declining to approve its Amplify rhBMP-2 Matrix bone graft material without additional information from MDT, Reuters reports.
MDT did not say what additional information the FDA sought but said that the company was continuing to seek FDA approval for the product.
Medtronic (MDT) is lower after it said the FDA rejected its Amplify product, which aims to use a protein to stimulate bone growth and relieve low back pain.
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Exide Technologies (NASDAQ:XIDE) traded at a new 52-week low today of $0.39. So far to ...
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MEMC Electronic Materials (NYSE:WFR) traded today at a new 52-week high of $7.52. Appr ...
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Shares of Wendy's/Arby's Group (NASDAQ:WEN) traded at a new 52-week high today of $6.23 ...
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Valeant Pharmaceuticals International (NYSE:VRX) traded today at a new 52-week high of ...
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Vanda Pharmaceuticals (NASDAQ:VNDA) traded at a new 52-week high today of $8.60. Appro ...
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TeleNav (NASDAQ:TNAV) traded at a new 52-week low today of $4.91. So far today approxi ...
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Shares of Stewart Enterprises (NASDAQ:STEI) traded today at $9.83, breaking its 52-week ...
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Semiconductor Manufacturing (NYSE:SMI) traded at a new 52-week high today of $4.41. So ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
