GlobeNewswire

Medtronic Announces Reimbursement in Germany for MiniMed™ 670G Insulin Pump System for Individuals with Type 1 Diabetes

Share

DUBLIN, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE:MDT), the global leader in medical technology, services and solutions, today announced it has secured reimbursement for the MiniMed™ 670G insulin pump system with the German Federal Association of the Statutory Health Insurances (GKV-SV). The MiniMed 670G system is the only commercially available technology in the world that personalizes the delivery of basal insulin 24 hours a day based on real-time insulin needs, to maximize Time in Range for an individual living with type 1 diabetes. Time in Range is defined as the percentage of time spent in the optimal glycemic range of 70-180 mg/dL.

“We have already seen the difference the MiniMed 670G system has had for tens of thousands of people living with type 1 diabetes across the world who are now experiencing better clinical and quality of life outcomes,” said Dr. Robert Vigersky, chief medical officer, Global Medical and Clinical Affairs for the Diabetes Group at Medtronic. “Reimbursement in Germany will increase the access of this life-changing technology to more individuals who would benefit from it.”

Type 1 diabetes is the most common metabolic disease in children and adolescents. In Germany alone about 30,500 individuals under the age of 19 are currently affected by type 1 diabetes and the trend is increasing.1

The reimbursement agreement announced today took effect on August 29, 2019. The date of announcement in the Federal Gazette (German: Bundesanzeiger) is expected in the coming weeks.

About the Diabetes Group at Medtronic (www.medtronicdiabetes.com)
Medtronic is working together with the global community to change the way people manage diabetes. The company aims to transform diabetes care by expanding access, integrating care and improving outcomes, so people living with diabetes can enjoy greater freedom and better health.

About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 90,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

-end-


1 Type-1-Diabetes, German Center for Diabetes Research, www.dzd-ev.de/en/research/typ-1-diabetes/.


Kendra Cassillo
Public Relations
+1-818-576-5611

Ryan Weispfenning
Investor Relations
+1-763-505-4626

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Vostok Emerging Finance investerar i Xerpa, brasiliens ledande HR-plattform och löneutjämningsprodukt.17.9.2019 15:00:00 CESTPressemelding

Stockholm, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Vostok Emerging Finance (“VEF”) meddelade idag att bolaget har investerat 8.5 MUSD i Xerpa, brasiliens ledande HR-plattform och leverantör av Xerpay, bolagets löneutjämningsprodukt. VEF ledde Serie B-finansieringsrundan om totalt 13 MUSD, i vilken även Founders Fund (den första institutionella investeraren i Facebook and SpaceX) ledd av Peter Thiel, en av PayPals grundare, deltog tillsammans med de befintliga investerarna Kaszek Ventures, Redpoint e.ventures och QED. Genom denna investering äger VEF en minoritetspost och har styrelserepresentation i bolaget. Xerpa’s löneutjämningsprodukt, Xerpay, ger löntagare åtkomst till sin redan intjänade lön, omgående och vid vilken tidpunkt som helst, likt Wafestream i Storbritannien. Brasilien har länge lidit av några av världens högsta räntor, låg andel finansiellt inkluderade individer och 60% av arbetstagarna kämpar för att få lönen att räcka månaden ut. Genom Xerpay får löntagare omedelbar finans

Vostok Emerging Finance invests into Xerpa, Brazil’s leading HR platform and salary-on-demand provider.17.9.2019 15:00:00 CESTPress release

Stockholm, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Vostok Emerging Finance (“VEF”) announces its USD 8.5 mln investment into leading Brazilian HR platform and salary-on-demand provider, Xerpa. VEF led a broader Series B investment round of USD 13 mln and is joined by Founders Fund (the first institutional investor in Facebook and SpaceX) led by Peter Thiel, one of the founders of PayPal, alongside existing investors, Kaszek Ventures, Redpoint e.ventures and QED. Post the transaction VEF holds a minority stake and board representation in the company. Xerpa’s salary-on-demand product, Xerpay, allows employees to access their already earned wages, instantly and at any time, similar to Wagestream in the UK. Brazil has long suffered from some of the highest interest rates globally, poor financial inclusion and 60% of workers struggle to make their paycheck last the month. Through Xerpay, employees gain instant financial security and thus can avoid the cumulative spiral of debt, defaults and pena

Prosafe SE: Mandatory notification of trade17.9.2019 14:38:00 CESTPress release

Jesper K. Andresen, Chief Executive Officer, has on 17 September 2019 purchased 51,591 shares in Prosafe SE at an average price of NOK 9.602 per share. Following the transaction, Jesper K. Andresen owns 84,067 shares in Prosafe SE. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com Stavanger, 17 September 2019 Prosafe SE For further information, please contact: Jesper K. Andresen, CEO Phone: +47 51 65 24 30 / +47 907 65 155 Stig H. Christiansen, Deputy CEO and CFO Phone: +47 51 64 25 17 / +47 478 07 813 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Sampo plc: Managers’ Transactions (Martinsen)17.9.2019 14:35:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 17 September 2019 at 3:35 pm Sampo plc: Managers’ Transactions (Martinsen) Sampo plc (business code 0142213-3) has received the following notification under Article 19 of the Market Abuse Regulation. Shares have been acquired in accordance with terms and conditions of the long-term incentive scheme 2014. ____________________________________________ Person subject to the notification requirement Name: Martinsen, Ivar Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: INITIAL NOTIFICATION Reference number: 743700UF3RL386WIDA22_20190917122147_10 ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 1,770 Unit price: 38.1824 EUR Aggregated transactions (1): Volume: 1,770 Volume weighted average price: 38.1824 EU

Sampo plc: Managers’ Transactions (Lapveteläinen)17.9.2019 14:35:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 17 September 2019 at 3:35 pm Sampo plc: Managers’ Transactions (Lapveteläinen) Sampo plc (business code 0142213-3) has received the following notification under Article 19 of the Market Abuse Regulation. Shares have been acquired in accordance with terms and conditions of the long-term incentive scheme 2014. ____________________________________________ Person subject to the notification requirement Name: Lapveteläinen, Patrick Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: INITIAL NOTIFICATION Reference number: 743700UF3RL386WIDA22_20190917130819_9 ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 2,253 Unit price: 38.1824 EUR Aggregated transactions (1): Volume: 2,253 Volume weighted average price:

Sampo plc: Managers’ Transactions (Alsaker)17.9.2019 14:35:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 17 September 2019 at 3:35 pm Sampo plc: Managers’ Transactions (Alsaker) Sampo plc (business code 0142213-3) has received the following notification under Article 19 of the Market Abuse Regulation. Shares have been acquired in accordance with terms and conditions of the long-term incentive scheme 2014. ____________________________________________ Person subject to the notification requirement Name: Alsaker, Knut Arne Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: INITIAL NOTIFICATION Reference number: 743700UF3RL386WIDA22_20190917121748_4 ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume: 1,785 Unit price: 38.1824 EUR Aggregated transactions (1): Volume: 1,785 Volume weighted average price: 38.1824 EU