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Home Industry News St Jude Medical highlights positive preliminary fourth quarter results

St Jude Medical highlights positive preliminary fourth quarter results

12th January 2012

St Jude Medical has highlighted positive trends in its preliminary financial results for the fourth quarter of 2011.

The medical technology firm has forecast a net sales total of around $1.4 billion (912.3 million pounds) for the three-month period, a year-on-year increase of approximately four percent.

This came despite an overall weakness in the wider market, with two of its four divisions exceeding internal guidance for the quarter and particular strength noted in its cardiovascular division.

Daniel Starks, president, chairman and chief executive officer of St Jude Medical, noted that the firm also achieved a major milestone in Q4 with the US approval and launch of the Unify quadripolar CRT-D system.

He added: "MedTech fundamentals weakened during the second half of 2011. We therefore are especially pleased with our sales results."

Last month, the firm achieved another milestone with the successful completion of the first implantation in a study of its new Portico transcatheter aortic valve.ADNFCR-8000103-ID-801262932-ADNFCR

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