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See that do well -- out of the big business of fixing broken hearts there is a lot of money at stake here.
And there's a lot on the line for the millions of Americans who have -- makers for the medical technology company Medtronic.
It's brand new product just -- -- might just be the next blockbuster bill Hawkins is the chairman and CEO Medtronic.
Here in the Fox Business exclusive to talk about.
The revote welcome William and it's really good to have you here I found this product absolutely fascinating.
Tell our viewers how it's different from the regular pace makers -- five million Americans have out there.
Well thank you -- not happy Valentine's.
Yes so we have.
Just gotten FDA approval for -- technology we've been working on for the last twelve years.
This is aid MRI safe pacemaker we developed the first -- -- 1957.
We've been in planning -- because for over fifty years and now we have a pacemaker.
-- allows patients to have the benefit of pacing but also.
To have an MRI if they need it there's around 200000.
People today with pacemakers.
Who were Contra indicated for MRIs so this is truly a breakthrough in the pacing industry.
Well let's explain to people you can't have an MRI because it's a magnetic resonance.
If you've got something metal within you what is the development with in your brand new revote pacemaker that allows people to be able to have an MRI now.
So the technology that we've developed allows you to shield the pacemaker in a way to prevent.
Any bad things from happening if you have an MRI such as the device heating up.
Or you know some did -- it causing the pacemaker perhaps not to work as is indicated to work so.
Now you can have again the benefits of pacing -- not.
Have to worry about the something wrong happening but have the the pacemaker do what it's supposed to be doing you know the FDA did something with this that they don't often -- and that is -- speed up the process of approval here.
Up what does that mean for you.
Well we are very encouraged by the FDA's decision to allow us to bring this -- the marketplace because this is truly what the FDA is all about and it's.
-- bringing forth technologies that both.
Protect but also promote innovation that really helps give people a better life and so.
Was something that again -- -- -- working off for twelve years and so now we can make it available to patients in fact the first implant is scheduled for tomorrow.
Where all that's great at and that's amazing I'm glad you told us that we want to know how that goes because that's certainly a huge development but -- -- great point you said.
Twelve years in the making.
You folks at Medtronic and frankly it all the medical device makers and all the pharmaceutical companies spent decades developing stuff and then sometimes it's not even approved in this case -- a very happy ending.
But what does it mean as the health care bill that health care laws -- challenged by Republicans -- thirty million more people would be added to the roles.
And they -- used more of your products or.
Do you feel that there -- flaws in this law and that you're glad that it might be repealed where do you stand -- Medtronic -- -- Well -- you know we've always believe that there's things we can do to further improve health care in this country we believe.
-- first of -- choice shared responsibility we believe that innovation.
In any scenario should it should be -- is part of the solution.
Devices like the pacemaker or devices like this new -- -- valve that which we just.
Are beginning to start clinical trials here in the US.
And where we have available outside the US this is then available outside the US for almost four years 121000 patients have had the benefit of this.
It's so there -- things that we need to do in this country to ensure that Americans get access to the benefits of medical technology and this is what we'd like to see is a part kind of the Health Care Reform going forward.
To you -- all the folks at Medtronic who worked so hard for this is a big day let us know how the operation goes tomorrow on the first patient of the -- Thanks bill.
We will --
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