Principal Legal Counsel - US Commercial Legal at Medtronic

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

Juris Doctor from a nationally recognized US law school and admission to practice law
5+ years of experience working with commercial contracts as an in-house corporate attorney, or with a law firm, with significant exposure to federal government contracts

Responsibilities

Provide legal support within the US Commercial Legal team on topics including medical device and technology sales and marketing programs, commercial sales agreements, and other commercial contracts, including federal government contracts
Provide guidance, structure, draft, and negotiate agreements with respect to various strategic opportunities, such as new and innovative sales programs, discount arrangements, group purchasing organization agreements, technology agreements, distribution, capital sales programs, or service and repair agreements
Provide guidance on Federal Acquisition Regulations (FAR) and Defense Federal Acquisition Regulation Supplement (DFAR) in relation to sales to the US government
Advise on administrative policies impacting state and federal government contracting and commercial matters
Identify, assess, and communicate key contract risks, obligations, and practical mitigation strategies to internal stakeholders
Collaborate closely with Medtronic’s various legal Centers of Expertise (COEs) and other legal and compliance professionals, as needed, to deliver the highest quality practical and strategic advice to sales, finance, and other stakeholders to close deals effectively and compliantly
Advise on federal healthcare laws, antikickback, antitrust, False Claims Act, HIPAA, state data privacy and security laws, software licensing, FDA law, IP and other legal risk areas governing healthcare technology commercial transactions
Develop, review, or implement company-wide and/or functionally specific training programs for the areas described above

Skills

FAR

DFARS

Contract Negotiation

Contract Drafting

Government Contracting

Commercial Agreements

GPO Agreements

Distribution Agreements

Risk Assessment

Sales Programs

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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