St. Jude Medical keeps ticking despite economy

St. Jude Medical sold $1.134 billion worth of medical devices during the first quarter of 2009, the company reported this morning.

“Our first quarter results reflect the resilience of St. Jude Medical’s growth program in an environment of global economic recession,” CEO Daniel Starks said in the company’s statement.

The sales total for three months ending April 4 represents a 12 percent increase compared to the same period in 2008. Profits for the quarter, meanwhile, topped $200 million, also an increase over last year.

While the recession doesn’t seem to be slowing St. Jude Medical, the company ran into a different bump this month. The Star Tribune reports the device maker received a letter from the FDA citing the company for poor manufacturing practices at a Minnetonka plant.

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