-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jw2fH17p9IE8bYsguIUtbhqxAWgRl63MmSiOUYaAn0+7ejuCW1c1JcvNuehwiOxj wkuhTbjlcJapgfsPwqvQvw== 0000897101-05-002126.txt : 20051007 0000897101-05-002126.hdr.sgml : 20051007 20051007090043 ACCESSION NUMBER: 0000897101-05-002126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051007 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051007 DATE AS OF CHANGE: 20051007 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ST JUDE MEDICAL INC CENTRAL INDEX KEY: 0000203077 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 411276891 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12441 FILM NUMBER: 051128369 BUSINESS ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 BUSINESS PHONE: 6514832000 MAIL ADDRESS: STREET 1: ONE LILLEHEI PLAZA CITY: ST PAUL STATE: MN ZIP: 55117 8-K 1 stjude054145_8k.htm St. Jude Medical Form 8-K dated October 7, 2005



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549



FORM 8-K



CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   October 7, 2005

ST. JUDE MEDICAL, INC.

(Exact name of registrant as specified in its charter)


  Minnesota 0-8672 41-1276891  
  (State or other jurisdiction (Commission (IRS Employer
  of incorporation) File Number) Identification No.)
 
  One Lillehei Plaza, St. Paul, MN   55117
  (Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (651) 483-2000

Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))









Item 8.01    Other Events.

On October 7, 2005, St. Jude Medical, Inc. issued a press release regarding a physician advisory related to certain ICD products. A copy of the press release is furnished here as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits.

  (c) Exhibits:

    99.1 Press release issued by St. Jude Medical, Inc. dated October 7, 2005.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ST. JUDE MEDICAL, INC.


Date:   


October 7, 2005


By:   /s/   Kevin T. O’Malley
 

Kevin T. O’Malley
Vice President and
General Counsel




EXHIBIT INDEX

Exhibit No.   Description of Exhibit  
 
99.1  Press release dated October 7, 2005. 



















EX-99.1 2 stjude054145_99-1.htm Exhibit 99.1 to St. Jude Medical Form 8-K dated October 7, 2005

Exhibit 99.1

St. Jude Medical Discovers Cosmic Radiation Can Affect Memory Chip
in Limited Number of Older Generation ICDs

St. Paul, MN, October 7, 2005 – St. Jude Medical Inc. (NYSE:STJ) announced today that it has discovered that background levels of atmospheric ionizing cosmic radiation, more commonly known as cosmic rays, can affect a limited number of its older generation implantable cardioverter defibrillator (ICD) products.

Although the incidence rate is low, and there have been no serious patient injuries or deaths reported to St. Jude Medical attributable to this anomaly, the Company is taking a conservative approach in advising the medical community and regulatory agencies.

Specifically, St. Jude Medical has identified through extensive investigation, including testing at an independent nuclear laboratory, that a particular vendor-supplied static random access memory (SRAM) chip can be affected, at a low frequency rate, by background levels of atmospheric ionizing cosmic radiation. A full copy of the physician communication, which includes a description of the anomaly and its related clinical risks, as well as St. Jude Medical’s recommendations to physicians for patient monitoring, can be found at http://www.sjm.com/companyinformation/physicianletter.html.

This particular memory chip component was used in the following older generation St. Jude Medical ICDs:

  • Photon DR (Model V-230HV) (certain serial numbers)
  • Photon Micro VR/DR (Models V-194/V-232)
  • Atlas VR/DR (Models V-199/V-240)

To date, an incidence of only 0.00167 of the devices at issue (60 out of 36,000) have been found to have been affected by background levels of cosmic radiation. An estimated 26,000 of the device models remain in service. The estimated incidence of an anomaly of this type in the affected device models is 0.00257 over the five year projected life of the device.

“St. Jude Medical has taken a conservative, proactive approach in notifying the medical community of this anomaly,” said Dr. Mark Carlson, Professor of Medicine at Case Western Reserve University in Cleveland, Ohio, and a member of an independent panel of physicians that reviewed the issue for St. Jude Medical. Dr. Carlson also recently served as Chairman of a joint Policy Conference on Pacemaker and ICD Performance.






Among the information provided in the physician advisory is St. Jude Medical’s recommendation that, if it is not already their practice, physicians should perform routine device monitoring every three months for patients with these devices. St. Jude Medical is also offering its remote monitoring product Housecall Plus™, where available, at no charge for models compatible with the remote monitoring system.

“Because the incidence associated with this anomaly is low, St. Jude Medical’s recommendation for monitoring at three-month intervals will be appropriate for the vast majority of patients,” said Dr. Bruce Wilkoff, director of cardiac pacing and tachyarrhythmia devices at The Cleveland Clinic and Heart Center and a member of the St. Jude Medical independent Medical Advisory Board.

As part of a new ICD product platform introduced in 2002, and prior to St. Jude Medical having any knowledge of this particular anomaly, St. Jude Medical began using a different vendor and a different design of the SRAM memory chip component. Laboratory testing and clinical experience indicate that this newer generation memory chip component does not share the same susceptibility to background cosmic radiation as the earlier generation. Consequently, other St. Jude Medical ICDs and all models of CRT-D devices, including the Atlas DR model V-242 and all Epic, Epic HF, Epic +, Epic + HF, Atlas + and Atlas + HF product families, are NOT affected by this issue.

Overall reliability information about the affected ICDs and other St. Jude Medical products can be found in the company’s Product Performance Report on the St. Jude Medical web site at www.sjm.com.

St. Jude Medical has notified the U.S. Food and Drug Administration (FDA) of this physician advisory. The FDA may determine this communication action to be a recall.

The Company does not expect this physician communication to have any material financial impact.

St. Jude Medical is dedicated to the design, manufacture and distribution of innovative medical devices of the highest quality, offering physicians, patients and payers outstanding clinical performance and demonstrated economic value.

Any statements made regarding the Company’s anticipated future product launches, regulatory approvals, revenues, earnings, market shares, and potential clinical success are forward-looking statements which are subject to risks and uncertainties, such as those described in the Financial Section of the Company’s Annual Report to Shareholders for the fiscal year ended December 31, 2004 (see page 16). Actual results may differ materially from anticipated results.








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