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Burl Gilyard

Medtronic/medtech reporter | Medtech
Phone: 612-673-4756
Recent content from Burl Gilyard
Attorney General Keith Ellison.

Minnesota alleges Reynolds, Walmart falsely advertised waste bags as recyclable

State Attorney General Keith Ellison announced the lawsuit, which says consumers can't recycle the polyethylene bags at any facility in Minnesota, rendering items within them also non-recyclable.
Legrand AV is closing its Shakopee facility and laying off 70 workers.

Legrand AV to close its Shakopee facility and lay off 70 workers

The French company acquired a Minnesota audio visual firm in 2017.
3M corporate headquarters in Maplewood.

3M spending $146M to expand biopharma filtration manufacturing

The technology supports pharmaceutical development and manufacturing as part of purification procedures.
Matt Varilek has been named the new commissioner for the Minnesota Department of Employment and Economic Development.

Former SBA administrator will be Minnesota's next DEED commissioner

Matt Varilek is president of Initiative Foundation in Little Falls.
Boston Scientific medical stents were cleaned and tested in a final inspection in April in a clean room in Boston Scientific’s new 78,000-square-foo

Boston Scientific pins growth on success of Minnesota-made heart device

The Watchman device, which was developed in the Twin Cities, has been a breakout success. The Massachusetts-based company's growth hinges on its continued rise.
Medtronic announced an acquisition to expand its diabetes at the same time saying its fourth quarter results beat estimates.

Medtronic makes $738M deal to help boost struggling diabetes business

The deal was announced as the company announced fourth quarter profits were down 20%.
Medtronic reports fourth-quarter earnings on Thursday.

Analysts expect Medtronic to deliver frank financial answers this week

The company is investing more than $350 million, adding jobs in India during global belt-tightening.
Actresses Julianne Hough, left, and Nina Dobrev are two of the owners of Minnetonka-based Fresh Vine Wine.

Fresh Vine Wine, under new leadership, continues to see rocky results

The company, which said it must postpone filing its quarterly results, said in a filing it expects quarterly revenue to fall by more than half.
Medtronic has hired former film and gaming animators to help with its medical visualization studio in London.

Medtronic is filling its London animation studio with gaming and film pros

Medtronic has a medical visualization unit to help educate medical professionals about using its products.
Caribou Coffee is expanding by offering domestic franchises for the first time and also looking for new downtown Minneapolis locations. Shown is the s

Caribou Coffee looks to expand through franchises, more Minnesota locations

Plans call for adding more than 300 new stores around the U.S., with its first-ever domestic franchises.
Polar Semiconductor employees work in one of three fabrication areas inside the company’s expansive clean room in Bloomington. The company is in the

Polar Semiconductor eyes federal subsidies to help double output of Bloomington plant

Polar hosted semiconductor industry leaders this week as the group strategized on how to get a piece of federal money and expand their U.S. operations.
Knife-wielding man leaves boy, 12, with 'life-threatening' wounds

Knife-wielding man leaves boy, 12, with 'life-threatening' wounds

Suspect had possible drug-related medical issues in south Minneapolis incident.
The IDS Center in downtown Minneapolis.

$154M mortgage for Minneapolis' IDS Center in limbo

Accesso Partners continues negotiations to work out a deal on the loan for the downtown Minneapolis landmark.
Rendering of North Loop Green, a new development near Target Field.

KPMG leaving Wells Fargo Center for North Loop, downsizing space

The accounting firm is the latest business to leave the core of downtown and downsize space.
Cardiovascular Systems Inc.’s headquarters in New Brighton.

Abbott closes on $850 million acquisition of New Brighton's Cardiovascular Systems

With the purchase, Abbott now has 5,000 employees in Minnesota.
Boston Scientific recently expanded its operations in Maple Grove.

Uptick in medical procedures help Boston Scientific triple quarterly profits

The company, which has significant Minnesota presence, boosts guidance for the year ahead
Medtronic, which has its operational headquarters in Fridley, had received a warning from the Food and Drug Administration detailing concerns about so

FDA lifts restrictions on Medtronic's diabetes business

The agency also approved the Minnesota med-tech company's latest insulin pump.
Medtronic’s MiniMed 780G insulin pump.

Despite FDA warning from past recalls, agency OKs Medtronic's new insulin pump

The MiniMed 780G device has not previously been available in the U.S.
University of Minnesota researchers check data from a Medtronic heart monitor that the black bear has. Paul Iaizzo is studying the bears’ habits, es

Hundreds of animals around world have Medtronic heart monitors just like humans

Minnesota company donates the devices for research around the globe, including to study wolves at the Wildlife Science Center in Stacy, and University of Minnesota research on black bears.
A sign at an Abbott Laboratories campus facility in Lake Forest, Ill., April 28, 2016,

Abbott reports strong medical device sales, topping profit expectations

The planned acquisition of Minnesota-based Cardiovascular Systems could close soon.
Shoppers in the last days that the Sears at Mall of America was open in March 2019.

U.S. Supreme Court sides with Mall of America in lease battle over former Sears space

The ruling allows the mall's owners to continue to legally challenge a holding company's $10-a-year lease for the empty space.
Minneapolis Downtown Council CEO Steve Cramer speaking at a November 2017 event to mark the reopening of the renovated Nicollet Mall. Then-Mayor Betsy

Minneapolis Downtown Council CEO Steve Cramer to retire

The longtime booster of downtown departs after a long career in city, county and nonprofit roles.
Medtronic headquarters in Fridley.

Medtronic begins global layoffs as part of cost-cutting plan

The Fridley-based medical device company did not disclose the exact number of jobs it will cut.
Lifecore Biomedical CEO James Hall.

Lifecore Biomedical draws delisting warning after delay in filing quarterly financials

Chaska-based Lifecore, which makes injectable pharmaceuticals, also anounced last month the company is exploring a possible sale.
An Exosome Diagnostics staffer prepared for molecular analysis of urine exosomes.

Prostate cancer test leads Bio-Techne's expansion into diagnostics

CEO sees potential billion-dollar business for the Minneapolis-based company.
Zeus says it expects to hire more than 100 people over the next few years for its facility in Arden Hills.

South Carolina firm will hire more than 100 workers for new catheter plant in Arden Hills

Zeus Industrial says it wants to expand customer base in Minnesota.
Christine Fruechte, CEO of Colle McVoy and new chair of the Star Tribune board. 

Advertising executive Christine Fruechte named chair of Star Tribune board

The change takes place with Mike Klingensmith's retirement as publisher and interim chair.
AT&T says it’s moving from the 34-story AT&T Tower on Marquette Avenue in downtown Minneapolis to a facility about 10 miles south.

AT&T leaving namesake downtown Mpls. tower for suburban facility

The telecommunications company said it's moving operations from the 34-story building on Marquette Avenue to a location in Bloomington.
Medtronic has launched Mozarc Medical, a joint venture with DaVita that will focus on care for patients with kidney failure.

Medtronic launches Mozarc Medical, a joint venture with DaVita focused on renal care

The move is part of the medtech giant's plan to shed select businesses and cut costs.
The Stratasys J750 3-D printer printing a medical model in 2021. The company has rejected a second takeover offer.

Stratasys unanimously rejects Nano Dimension's second takeover bid

Nano Dimension raised its bid from $18 a share to $19.55 a share.
Sandbags were prepared and stacked on pallets last week, ready for use if the water in the St. Croix River should rise and flood.

Heavy snow melt has Minnesota homeowners wondering: Should I own flood insurance?

Regular homeowner policies do not cover floods. Minnesotans need to do their research on if they think the cost is worth it, and know what flood insurance covers.
The Rathskeller on the former Schmidt Brewery property is up for auction on May 11.

St. Paul's Schmidt Brewery Rathskeller entering foreclosure despite redevelopment efforts

Mancini's Char House will continue to operate its event center out of the location.
What appears to be a transposition mistake within a footnote in U.S. Bancorp’s annual report resulted in a multibillion-dollar miscalculation. The b

Typo in U.S. Bancorp's annual report misrepresented the value of the bank's loans

The Minneapolis-based bank accidentally said its loans were worth $50.6 billion more than when they originated instead of $12.4 billion less.
Bright Health, which is proposing a stock split, is based in Bloomington.

Bright Health proposes reverse stock split to retain NYSE listing

The split would boost stock price, which has dropped nearly 99% since it went public.
The main building of Blue Cross and Blue Shield of Minnesota’s headquarters campus in Eagan.

Blue Cross Blue Shield exiting HQ building on Eagan campus

Like other companies such as UnitedHealth Group, Blue Cross said a new hybrid work model is behind the move.
UnitedHealth Group’s headquarters in Minnetonka.

UnitedHealth's Minnetonka headquarters building for sale

UnitedHealth says it will stay in Minnetonka but is evaluating real estate needs because of the move toward hybrid or full telecommuting.
Jon Sabes, formerly of Foxo Technologies

Minneapolis biotechnology company under SEC investigation

The Securities and Exchange commission is seeking documents related to the November firing of Foxo Technologies' CEO.
Lifecore CEO James Hall

With declining revenue, Chaska biomedical company looking at 'strategic alternative'

Lifecore Biomedical lost two-thirds of its market value Friday after its announcement.
Wendell Maddox, CEO of Ion Corp., spoke at a news conference Friday announcing a new factory for north Minneapolis.

Eden Prairie aerospace contractor Ion Corp. to expand in north Minneapolis

Company plans to spend more than $30 million on the new factory on W. Broadway.
ANI Pharmaceuticals seeing growth with rare disease drug sales

ANI Pharmaceuticals seeing growth with rare disease drug sales

Company wants to expand platform, could acquire other products
BioMADE is a nonprofit partnership that wants to build a $200 million biomanufacturing campus in Minnesota.

Nonprofit involving Cargill, 3M hopes state will fund half of $200M biomanufacturing campus

The nonprofit BioMADE would support efforts to turn feedstocks such as corn, soy beans and sugar beets. is the online hub for Active Sports, which is closing its Little Canada store and warehouse.

Camping World's Active Sports to close Little Canada facilities, affecting 90 workers

Parent company saw declining fourth-quarter sales.
Wilson Wolf headquarters in New Brighton

Bio-Techne will invest $257 million in New Brighton med-tech company

The deal for 20% of Wilson Wolf is to expand the Minneapolis-based company's work with cell and gene therapies.
People walk past Caribou Coffee Tuesday, Feb. 28, 2023 inside the skyway in the U.S. Bank building in downtown Minneapolis.

Caribou Coffee paring down downtown Minneapolis footprint to just four stores

Eight stores will shutter, leaving open just one in the skyway system.
The Kmart store at the intersection of Lake St and Nicollet Ave in Minneapolis. Friday, April 13, 2012

Why new development on Minneapolis Kmart site is still years away

A number of factors are behind the long timeline for the plans, which were halted by the riots after George Floyd's murder.
Tesla adding Golden Valley and Lake Elmo dealerships

Tesla adding Golden Valley and Lake Elmo dealerships

If both open, Tesla would have five Twin Cities dealerships. A possible Bloomington project is not moving forward.
Medtronic’s third-quarter income was down.

Medtronic executive: 'Significant cost reductions' are underway

The company's net income is down amid inflation and unfavorable currency exchange rates.
Hotel Indigo, in the space the former Crowne Plaza Northstar was in, is downtown Minneapolis’ newest hotel.

Despite high vacancy, most hotels in decades opened last year in downtown Minneapolis

The six hotels — projects that began before pandemic — are now banking on a rebound in the Twin Cities hospitality sector.
Plastech Corp.’s headquarters and flagship facility in Rush City.

Plastech closing Anoka plant, laying off all 71 workers

Consolidation drives layoffs for plastic injection molder.
Ecolab corporate headquarters building in St. Paul.

Ecolab sees net income drop amid economic challenges

The company also said it will expand cost-cutting in Europe.
Blue Cross and Blue Shield of Minnesota are waiving more fees for Medicare Advantage customers as part of its response to the COVID-19 pandemic.

Blue Cross and Blue Shield of Minnesota lays off about 80 employees

The nonprofit said these cuts come as it is also adding several hundred new jobs.
Medtronic’s Fridley headquarters.

California jury renders $106.5 million verdict against Medtronic in heart-valve patent case

The Minnesota medical technology giant says it strongly disagrees with the decision and plans to appeal.
Cardiovascular Systems Inc.’s headquarters in New Brighton.

Abbott to buy New Brighton-based Cardiovascular Systems Inc. for $890 million

The acquisition allows Illinois-based medtech giant Abbott to expand its reach in treating arterial disease.
FILE- In this Oct. 25, 2017, file photo shoppers walk toward their vehicles outside of a Bed Bath & Beyond department store at Jersey Gardens Mall in

Bed, Bath & Beyond to close three more Minnesota stores

The company, which previously announced plans to shutter its Bloomington store, this week revealed its decision to close stores in Minnetonka, Roseville and Rochester.
3M’s new adhesive tape, often used in patches for wearables, can stick to your skin for up to 28 days.

New 3M tape for wearable medical devices can now stick up to 28 days

The company is known for its office supply adhesives, but it has long made medical tape, too.
Gary Maharaj, CEO of Surmodics, which is laying off staff after a delay in approval of one of its devices.

Eden Prairie med-tech firm to lay off 13% of employees after FDA approval delay

Surmodics made the move after a letter from the Food and Drug Administration requesting more information and data about the company's new drug-coated balloon device.
Bright Health lays off another 68 employees at Bloomington headquarters

Bright Health lays off another 68 employees at Bloomington headquarters

The Bloomington-based company is enacting a series of layoffs, reflecting its severe retreat from its core mission of selling individual and family health insurance.
Boston Scientific facility in Arden Hills, Minn.

Boston Scientific sees sales uptick with strong demand for Watchman device

Company recently completed expansion of Maple Grove manufacturing facility
This Jan. 18, 2011, file photo shows the Honeywell Specialty Materials plant in Metropolis, Ill.

Honeywell and union strike deal, averting lockout at Twin Cities plants

The Minnesota workers represented by Teamsters Local 1145 ratified new contract in a vote Sunday.
Minnesota Attorney General Keith Ellison on Jan. 2, 2023, in St. Paul.

A Twin Cities pool contractor must pay more than $2 million for deceiving customers

Attorney General Keith Ellison's office first sued MN Crete Pools last August. A Scott County judge issued a default judgement late last week.
Medtronic’s campus at Interstate 35W and Hwy. 10

Medtronic recommends shareholders reject below-market mini-tender offer

The offer comes from a Canadian firm with a history of trying to buy discounted bulk shares in several large companies.
The Hilton Hotel in downtown Minneapolis has been sold for about $143 million.

New auction date set for Hilton Hotel in downtown Minneapolis as business picks up

The largest hotel in the state turned a profit in 2022 on $44 million in revenue, up significantly from the year before.
A sign at an Abbott Laboratories campus facility is seen in Lake Forest, Ill.

Abbott Labs reports lower revenue as baby formula sales struggle to rebound

The Justice Department has opened a criminal investigation into the company's baby formula plant, but Abbott sees signs of improvement in the year ahead.
Honeywell closed its Coon Rapids plant in 2020.

Honeywell threatens to lock out Teamsters if contract deal not reached next week

The union representing workers in the Twin Cities voted down the previous agreement offering 14% pay raises over five years.
Marketing on a stick: MNsure.

MNsure reports nearly 130,000 enrollees for health care insurance in 2023

The CEO of the state's program, Nate Clark, also announced plans to retire in March.
Optum’s headquarters in Eden Prairie.

UnitedHealth's Optum gets FDA warning letter over 'serious deficiencies' at infusion facility

The agency cited a presence of vermin at drug compounding site in Arizona.
In a file photo, a researcher holds a canola sample at Calyxt. The Roseville-based company announced a strategic change of direction.

Facing delisting, Roseville-based Calyxt to merge with California agtech firm

The company, which started from research at the University of Minnesota that edited out genes in soybeans that caused trans fats in oil, will be folded into the San Diego-based firm.
Vet Dr. Robert Skinner holds a newborn piglet for fair goers to pet at the CHS Miracle of Birth Center Tuesday, Aug. 30, 2022 at the Minnesota State F

2023 Minnesota State Fair ticket prices go up $1

The Great Minnesota Get-Together saw strong gains in attendance last year.
The Hilton Hotel is the largest hotel in the state and an anchor in downtown Minneapolis.

Auction of Hilton Hotel in downtown Minneapolis delayed

No date has been set for a rescheduled auction for the state's largest hotel.
Jeff Frank is leaving Hormel Foods to be CEO of Organic Valley.

Hormel exec Jeff Frank tapped as new Organic Valley CEO

The Wisconsin-based cooperative is owned by more than 1,700 family farms.
Scott Cundy, the new chief quality officer for Medtronic.

Medtronic taps new chief quality officer in wake of high number of recalls

The company says it has been taking steps to improve medical device quality and safety.
Agiliti CEO Tom Leonard in front of the New York Stock Exchange on April 23, 2021, the day the Bloomington-based company went public.

Agiliti's CEO Tom Leonard to retire in March

The Eden Prairie-based medical equipment and services company surpassed $1 billion in sales in 2021 followings its IPO.
Cargill Inc. headquarters in Minnetonka, Minn.

Cargill Chief Financial Officer Jamie Miller steps down

The company's first female CFO is leaving after just 18 months. It's the second executive transition for the Minnetonka-based agribusiness giant so far this year.
With the church covered in purple, green, and yellow balloons, Pastor Vicki VanderVegt led parishioners in Skol Vikings at the end of the service Sund

Lutheran congregations join forces for faith and football before Vikings-Packers game

Congregants gathered in North Branch, Minn. for a pre-game potluck.
The four-building Metro 94 Business Center is just east of downtown St. Paul.

Terrace Group builds portfolio with $10M purchase of Metro 94 Business Center

The property has a diverse mix of tenants, including the Metropolitan Council.