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St. Jude Confident In 2013 Growth Plan Despite Market Challenges

Anticipated growth drivers include the firm’s MediGuide catheter tracking system, EnligHTN multi-electrode renal denervation system and Portico transcatheter aortic valve, aided by a return to stability of the cardiac rhythm management market by the first half of 2013.

St. Jude Medical Inc. says it remains on track to accelerate growth next year, aided by new products like its recently launched MediGuide catheter tracking system, after reporting third quarter sales that were roughly flat compared to the same quarter last year on an operational basis.

Sales of $1.33 billion for the quarter increased less than 1% from a year ago, excluding the negative impact of foreign exchange rates, and were down 4% on a reported...

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