One day in late November, the U.S. Food and Drug Administration approved St. Jude Medical's Unify Quadra cardiac defibrillator and Quartet four-electrode lead. Just three days later, surgeons at Abbott Northwestern Hospital in Minneapolis implanted the device in Terrie Pearson of Farmington.
Such quick turnaround shouldn't be surprising. At a time when FDA approval can take years and product development and trials can cost millions, it behooves a device manufacturer to begin recouping its investment as soon as possible.
"This has been a long time coming," said Dr. Mark Carlson, chief medical officer of St. Jude's cardiac rhythm management division.
The Quadra and Quartet by Little Canada-based St. Jude are the industry's first quadripolar pacing system, which allows cardiologists to better manage cardiac resynchronization therapy, St. Jude officials say.
Analysts add that the system should boost St. Jude's fortunes at a pivotal time. The FDA recently issued a recall of St. Jude's Riata defibrillation leads, saying the wires are at risk of poking through their insulation.
Tao Levy of Collins Stewart said Quadra and Quartet are "very important" to St. Jude's immediate growth prospects. "Clinicians are eager to try this new lead, and it will improve STJ's market share in this category of CRT-Defibrillators," Levy said.
On the day FDA approval was announced, St. Jude's stock jumped 8 percent.
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