oviders primarily through a direct sales force. In Europe, the company has direct sales organizations selling in 25 countries. In Japan, the company sells directly to healthcare providers through a direct sales force. In the Asia Pacific, the company has direct sales organizations selling in eight countries, and the company also utilizes independent distributors. Seasonality The company’s quarterly net sales are influenced by various factors, including new product introductions, acquisitions, regulatory approvals, patient and physician holiday schedules and other factors. Net sales in the third quarter are typically lower than other quarters of the year as a result of patient tendencies to defer, if possible, procedures during the summer months and from the seasonality of the U.S. and European markets, where summer vacation schedules normally result in fewer procedures. Regulations The company’s products, development activities and manufacturing processes are subject to extensive and rigorous regulation by the FDA pursuant to the Federal Food, Drug, and Cosmetic Act (FDCA), by comparable agencies in foreign countries and by other regulatory agencies and governing bodies. Competition The company’s primary competitors are Medtronic, Inc. (Medtronic) and Boston Scientific Corporation (Boston Scientific). The company also competes with Nevro Corporation; Biosense Webster, a division of Johnson & Johnson, Inc (J&J); Abbott Laboratories; Cordis, a division of J&J; AccessClosure, Inc.; Volcano Corporation; Terumo Cardiovascular Systems Corporation; Cook Medical, Inc.; Sorin CarboMedics MV; Edwards Lifesciences Corporation; and W.L. Gore & Associates. History St. Jude Medical, Inc. was founded in 1976. The company was incorporated in Minnesota in 1976.
st jude medical inc
(STJ:New York Consolidated)
One St. Jude Medical Drive
St. Paul, MN 55117
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