Medtech issues again take center stage in Minn. Congressional races

The medical device industry is yet again positioned to play a major role in Minnesota congressional races. Incumbent Rep. Erik Paulsen (R-Minn.), who has been a longtime supporter of the medtech industry and led numerous attempts to repeal the medical device tax, is facing a tough re-election campaign. Paulsen is facing off against 48-year-old liquor heir Dean Philips (D), and is considered unlikely to keep his seat, which would be the first time since 1961 that Minnesota’s 3rd District was represented by a Democrat. In his last race, against former state Sen. Terri Bonoff (D), Paulsen won with a nearly 14-point lead, and he took the district by 25 points in 2014. Paulsen is behind in the current race by nearly six points, according to fivethirtyeight.com, which gives the incumbent candidate only a 16.2% chance of holding onto his seat. Medtech veteran Angie Craig, who spent 10 years with St. Jude Medical as an HR exec and also held positions with Smith &Nephew (NYSE:SNN), is facing off against right-wing talk show host and incumbent Rep. Jason Lewis (R-Minn.) in the 2nd District race. The duo ran a very close race in 2016, with Lewis winning by less than 2 points. This year, Craig has led thus far and was nearly six points ahead of Lewis as of this writing, according to fivethirtyeight.com, which gives Lewis a 15% chance of holding the seat. The candidates are receiving mixed support from the medtech industry, however. Paulsen has received contributions f...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Featured Source Type: news

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