Victor Stefanescu
Reporter
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.
Latest from Victor Stefanescu
How a Minnesota medtech startup with big backers treats prostate cancer with water
Francis Medical in Maple Grove has raised about $160 million — and wants to roughly double this — as it plans for an initial public offering in 2028.
April 14, 2025
Teleflex shutting down Maple Grove plant, laying off more than 100
The Pennsylvania company employing 14,100 globally made $3 billion in sales last year.
April 8, 2025
As FDA slashes workforce, number of new medical devices reaching the public has fallen
The lower number of reported decisions is occurring despite more pending applications for these high-risk devices.
April 8, 2025
Medtech firm NAMSA to lay off more than 50 in St. Paul after acquisition
NAMSA previously acquired St. Paul’s WuXi AppTec, a laboratory services firm dating back to 2001.
April 8, 2025
Abbott joins AFib-treating race with tech that may skip general anesthesia
Abbott’s pulse field ablation system competes with products from Medtronic and Boston Scientific, which also have large operations in Minnesota.
April 1, 2025
New Solventum layoff details emerge, including 110 Minnesota job cuts
The restructuring of Minnesota’s newest large public company announced in December will result in $120 million in annual savings.
March 20, 2025
UnitedHealth’s Optum to address pricing, access challenges for prescription drugs
The changes come as pharmacy benefit managers face scrutiny for how they require doctors and patients to seek its approval for certain treatments and drugs.
March 20, 2025
Medtronic recalls aneurysm-treating device linked to four deaths
The FDA recall affects more than 25,000 of the Fridley-run company’s devices and follows reports of 17 injuries.
March 19, 2025
Klobuchar, Smith advocate for turkey farmers amid bird flu outbreak
At Willmar-area roundtable, the senators heard farmers' calls for revisions in biosecurity audits and said government needs to consider more funding for farmers.
March 19, 2025
What Minnesotans need to know about bird flu risks
H5N1 is still wrecking farms, prompting surging grocery store prices and posing public health uncertainty three years after the state’s first poultry cases.
March 14, 2025
Inside the slow rise and sudden death of Medtronic’s lifesaving ventilators
Medtronic’s Puritan Bennett devices were some of the world’s most important in 2020, but profits dipped as clinical preferences shifted. Experts disagree on what their extinction means for the future.
March 13, 2025
How Boston Scientific (sort of) became ‘Minnesota Scientific’
The company bearing Boston’s name has approximately 10,000 employees in Minnesota, doubling in the past 15 years. And it’s not done growing.
March 6, 2025
