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Victor Stefanescu

Reporter | Newsroom
Phone: (612) 673-1764

Victor Stefanescu covers medical technology startups and large companies such as Medtronic for the business section. He reports on new inventions, patients’ experiences with medical devices and the businesses behind med-tech in Minnesota.


Stefanescu previously covered the business of food, aviation and real estate for news outlets in the Northeast and St. Louis, his hometown. He is a graduate of Boston College, where he studied communication and led the independent student newspaper, The Heights.
Recent content from Victor Stefanescu
Boston Scientific's POLARx Cryoablation System

Boston Scientific catheters treating AFib with extreme cooling linked to 4 deaths: FDA alert

Devices already in inventory can be used with the updated instructions by doctors. Patients already treated don't need to do anything.
The new Boludo Empanadas in Minneapolis.

Boludo to pay $106K for labor violations across four Minneapolis restaurants

The U.S. Department of Labor found the Argentine pizza and empanada restaurant committed several violations across its four locations, including depriving workers of overtime pay and tips, illegally firing an employee and allowing a 15-year-old to work beyond permitted hours.
image of the ACCOLADE pacemaker

Boston Scientific pacemakers linked to two deaths subject of FDA safety alert

Boston Scientific said about 13% of devices from its Accolade family of pacemakers built before September 2018 have potential to malfunction.
Anteris' logo on an electronic display in New York City

Ending Minnesota's IPO drought, medtech company Anteris raises $88 million in NASDAQ listing

Anteris Technologies, which is creating a new kind of transcatheter heart valve for aortic stenosis, aims to compete with medtech giants like Medtronic.
Abdi Farah, of south Minneapolis, tried on glasses at Warby Parker inside of Askov Finlayson Saturday afternoon. ] (AARON LAVINSKY/STAR TRIBUNE) aaron

Explore your options to keep costs in focus when buying new glasses

Take your prescription and shop around at the many optical retailers to find a pair of glasses that suits you and your budget.
Boxes containing the Moderna COVID-19 vaccine are moved to the loading dock for shipping at the McKesson distribution center in Olive Branch, Miss., S

McKesson to lay off more than 80 Minn. employees, close Rogers facility

The massive pharmaceuticals distributor said it is offering employees severance. It plans to begin layoffs on March 3.
Clinical applications specialist and audiologist Tony Lombardo demonstrates AMTAS, a new auditory test that doesn't require an audiologist to be prese

Hearing issues are pervasive for veterans. A Minnesota-created test makes care easier.

AMTAS is growing in the VA system and oversees, while adoption in private health care settings in the U.S. is slow.
UnitedHealth Group headquarters in Minnetonka.

FAQ: Everything you need to know about Minnesota-based UnitedHealthcare

UnitedHealthcare, the nation's largest insurer, is owned by parent company UnitedHealth Group. UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday.
Solventum's headquarters on the 3M campus in Maplewood.

Solventum, Minnesota's newest public company, laying off employees

The 3M health care spinoff has not disclosed how many of its 22,000 employees are affected.
Dr. Robert Ward prepares part of the FARAPULSE Pulsed Field Ablation System for a pulsed field ablation procedure to treat a patient with atrial fibri

Inside the procedure at the heart of a multibillion-dollar race to a safer AFib treatment

Medtronic, Boston Scientific and other medtech leaders are competing to commercialize catheter technology with roots in Minnesota that's making atrial fibrillation treatment safer.
The Edwin H Gott passes under the Aerial Lift Bridge in Duluth in June as it begins its journey on Lake Superior to the Canadian port of Nanticoke. Mi

Minnesota business leaders say Trump's proposed tariffs would result in higher prices for consumers

Canada, Mexico and China are Minnesota's biggest trading partners, and the tariffs could disrupt companies from 3M and Cargill to Target and Polaris.
Hundreds of early bargain hunters were in line to enter the Target store at Ridgedale in Minnetonka when it opened at 8 p.m. Thursday night, November

In the doghouse: Bullseye mascot provider says Target owes $740K for breaching contract

A California company is claiming that the Minneapolis-based retailer did not cancel an auto-renewing contract for the use of its Bullseye English bullterrier dogs, in time.
Provided image of Medtronic's Smart MDI system combines its InPen smart insulin pen with continuous glucose monitor to help users calculate insulin do

Missed insulin doses cause complications. A new Medtronic app can detect when patients forget a dose.

The InPen app paves the way for the launch of the company's "Smart MDI" system combining a smart insulin pen that tracks doses and a monitor that makes real-time glucose readings for people who make multiple daily injections.
Medtronic's operational headquarters in Fridley.

Medtronic races for market share in fast-growing treatment of irregular heartbeats

With supplier issue now resolved, the Minnesota-run medtech company expects to "reach and then exceed" market growth in the fast-growing sector for "pulsed field" atrial fibrillation treatments.
This 2017 photo features one of Recombinetics' hornless cows. (Photo by Alison Van Eeenennaam)

Recombinetics, which engineered hornless dairy bulls, files for bankruptcy

The Eagan-based company that edits animal genes faces $7.7 million in total liabilities.
Starkey CEO Brandon Sawalich poses for a portrait inside an anechoic chamber at Starkey headquarters in Eden Prairie on Thursday.

Apple headphones can work as hearing aids. Minnesota-based Starkey says it welcomes competition.

Starkey CEO says the patient wins when there's more competition. "I like competition because that makes you better," CEO Brandon Sawalich says.
Solventum's headquarters on the 3M campus in Maplewood.

3M spinoff Solventum 'off to a solid start' but needs stronger growth

Solventum, Minnesota's newest major public company, raised its guidance Thursday and reported $2.08 billion in sales.
Republican presidential nominee former President Donald Trump shakes hands with Independent presidential candidate Robert F. Kennedy Jr. at a campaign

Second Trump presidency raises big questions for Minnesota health care

Observers say Trump administration may make changes to the Affordable Care Act, while Kennedy will seek government data on vaccine safety and other topics.
Aseptic filling technicians Jacob Tereau and Linda Sengvongsot run some tests on Lifecore Biomedical’s new filler equipment that they expect will do

Chaska's Lifecore looks to growth in coming years after emerging from delisting challenge

The publicly traded biotech company's new CEO, Paul Josephs, said a new isolated filler can double revenue.
Plymouth-based startup HistoSonics, which created a targeted ultrasound system designed to destroy liver tumors, received a $90 million contract to pr

Minn. startup HistoSonics awarded $90 million for tumor-fighting tech at VA

The Plymouth-based company's novel ultrasound system destroys and liquefies liver tumors.
Chris Campbell looks through a magnifying glass at a sensor with 32 microscopic laboratories that can monitor air quality, detect harmful chemicals, d

Native of St. Paul's Rondo neighborhood used NASA tech to revive shuttered company

Simpli-Fi Automation, the company Christopher Campbell founded, licensed federal innovations intended for space exploration and deployed them in the health care realm, developing products that use breath analysis to detect diseases.
Solventum's headquarters on the 3M campus in Maplewood.

3M spinoff Solventum considers selling filtration business: report

The company reported the business generated $238 million in the most recent financial quarter.
A Boston Scientific Corporation logo is displayed in Massachusetts in July 2010. (AP file photo.) ORG XMIT: MIN2018051422163682

Boston Scientific lifts sales outlook, notes key approval of AFib device with Minnesota ties

The med-tech company with approximately 9,400 employees in Minnesota posted profit and sales that beat Wall Street's expectations.
Medtronic's operational headquarters are in Fridley.

Medtronic MiniMed insulin pumps recalled over shorter-than-expected battery life

Patients urged to carry extra batteries as Medtronic recall affects 24,595 insulin pumps that may stop delivering insulin sooner than expected.
The language-selection page for health and fitness app Gumbo, which is used to break down language barriers in health care.

American Heart Association recognizes Twin Cities startups using AI to improve health equity

CorRen is focusing on peripheral artery disease detection, while Gumbo aims to break down language barriers in health care.
Abbott's plant in Plymouth in 2021.

Abbott Labs sales boosted by double-digit medical devices growth

The CEO at the Illinois-based company with operations in Minnesota expects earning to return to a pre-pandemic profit model despite less demand for COVID-19 tests.