tiprankstipranks
The Fly

Medtronic CEO: We’ve pivoted from a tech perspective

Medtronic CEO: We’ve pivoted from a tech perspective

In an interview on CNBC’s Mad Money, Geoff Martha said Medtronic (MDT) has made a strong move into robotics. The company is innovating and creating a “new standard of care,” he added. Martha called Medtronic’s recent partnership with Abbott Labs (ABT) a “win win” for both companies. He said GLP-1 drugs have not had a major impact on the company. The adoption of AI in healthcare is a growing trend and one Medtronic plans to take advantage of, he noted.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com