Friday, Medtronic plc (MDT) announced that the FDA has approved its Inceptiv closed-loop rechargeable spinal cord stimulator to treat chronic pain.
The company said this device is the only closed-loop spinal cord stimulator approved by the FDA that allows full-body 3T MRI access and is also the world's smallest and thinnest fully implantable SCS device.
Moreover, patients using Inceptiv SCS will have access to CareGuidePro, a mobile app and web portal that serves as a virtual guide throughout their Medtronic spinal cord stimulation therapy.
The company also stated that it will soon launch Inceptiv in the U.S. market.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.