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Should Medtronic’s (MDT) Cardiac and Pain Device Expansion Shape Investors’ View of Its Procedure Strategy?
Medtronic (MDT) recently received FDA approval for its OmniaSecure defibrillation lead and entered a distribution agreement for the ViaVerte basivertebral nerve ablation system. These moves expand its cardiac and pain management portfolios, reinforcing its position in procedure-based care. While these developments are additive, Medtronic’s overall growth and margin protection in underperforming units remain key factors for its investment narrative, with analysts forecasting a 27% upside to its current price by 2029.