Since 2010, St. Jude Medical has remained to be part of the Fortune 500 companies. The business was named after the patron saint of lost causes, St. Jude the Apostle. As a global medical device company, its products and services are made available in more than 100 countries around the world. Headquartered in Saint Paul, Minnesota, the business is listed as a component of the S&P 500 and the Russell 3000 Indices.
As one of the premier medical device providers in the world, St. Jude Medical continues to transform the world of “what ifs” into “why not”. Through its strong partnership with some of the world’s most brilliant medical practitioners, they are able to create state of the art technologies that would transform the treatment process of some of the world’s most expensive diseases. These diseases are considered as an epidemic and continue to plague millions of people around the world. One of these diseases is heart disease which remains to be on top of the list of dreadful illnesses. By investing in medical devices used in cardiovascular treatment, the company is able to lessen the overall health care cost for everyone.
More than 16,000 employees around the world have committed to wielding the power of science and technology to transform the future of medicine. Their operations are focused on 6 key areas, namely heart failure, structural heart, arrhythmias, vascular disease, neurological disease and chronic pain. Each of these business units produces innovative solutions that would improve patient outcome and enhance the lives of families around the world.
Generating more than $5.5 billion annually, St. Jude Medical continues to invest 12% of its revenue on their research and development business division. By continuously allocating a substantial portion of their earnings, the company is able to ensure the constant flow of novelty technology that would help improve the world.