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Key facts: Medtronic (MDT) beats, raises guidance; $80M Pi-Cardia deal

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  • Medtronic (MDT) beat quarterly sales and EPS and raised FY guidance, citing stronger cardiovascular and neuroscience product sales as the main drivers of the upside.
    • Dow Jones Newswires
    Dow Jones Newswires
  • Medtronic (MDT) will invest up to $80M in Pi-Cardia, gaining exclusive global distribution of its ShortCut leaflet device from 2027 and an option to buy Pi-Cardia for up to $210M plus earn-outs.
    • Dow Jones Newswires
    • Dpa-AFX
    2 sources
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