Medtech stories we missed this week: Nov. 17, 2017

From Skyline Medical’s joint venture to Lensar receiving FDA clearance and CE Mark, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. Skyline Medical launches JV deal with Helomics Skyline Medical announced in a Nov. 15 press release that it has signed a joint venture agreement with Helomics.

Better medtech UDI management could be an app away

Boston-based 121nexus said it can solve UDI supply chain master data problems through image recognition technology. Experts say the best apps on the market are “peace of mind” apps. 121nexus aims to deliver that feeling with its scanner. The company launched a free scan app that can verify and “open up” GS1 and unique device

How to collaborate better with a product design firm

There are a number of things that medical device companies can do to ensure that their partnerships result in well-designed devices. Here are a few tips for successfully navigating a partnership with a product design firm. Sonja Takatori, Product Creation Studio So you’ve successfully interviewed, evaluated and selected a design firm to partner with on

GE to refocus on healthcare, other select divisions

GE  (NYSE:GE) said this week it aims to narrow its business focus to healthcare, power and aviation, according to a Reuters report. The move comes as part of a maneuver the company hopes will center it behind the businesses with the most growth potential. GE will also focus on sectors where it has innovative technology, appropriate […]

How to select sterile barrier systems for reusable medical devices

Sterile barrier systems are key components in medical device sterilization, so selecting the right barrier is essential. Jason Pope, Nelson Labs Reusable medical devices, prior to use in healthcare facilities, must undergo validation testing to demonstrate the effectiveness of the cleaning instructions and the microbiocidal instructions that will be provided to the healthcare facility. Often, the

GW Plastics merges with NeraTek

GW Plastics announced that it is merging NeraTek Limited into Avenue Mould Solutions, a company GW Plastics recently acquired. NeraTek offers product development, 3D printing, additive manufacturing and prototype design services for medical device and pharmaceutical companies. Based in Sligo, Ireland, the merder will help expand GW Plastics’s product development reach into Europe. Founder and

These 5 surgical startups want to build the OR of the future

As with most medtech advances these days, a running theme among top surgical startups is value. Innovators presented their surgical platform products in various stages of development at this year’s AdvaMed MedTech Conference as part of the Medtech Innovator Program, offering a view of the future of ORs across the world. As mentioned, there are some running

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Brazilian regulators propose easier market pathway for low-risk medical devices and IVDs

By Stewart Eisenhart, Emergo Group Medical device and IVD regulators in Brazil plan to loosen market access for low-risk devices and IVDs by introducing a notification-only registration system for these products. Get the full story here at the Emergo Group’s blog. The opinions expressed in this blog post are the author’s only and do not

FDA approves first pill with sensor to track ingestion

The FDA today approved Abilify MyCite, the first drug in the U.S. to have an ingestible sensor embedded within the pill that can track if the medication was taken. The drug-device combination product is indicated for the treatment of schizophrenia, acute treatment of manic and mixed episodes linked with bipolar I disorder and as an […]

Avinger slashes jobs, Q3 sales down 61%

Avinger (Nasdaq:AVGR) – maker of the Lumivascular image-guided, catheter-based system to treat peripheral artery disease (PAD) – continued to experience declining sales as it retrenched during the third quarter, according to its newest earnings report. The Redwood, Calif.–based company has been cutting jobs and other costs – and focusing on existing accounts and winning FDA clearance

Tekni-Plex appoints new chief operating officer

Tekni-Plex (Wayne, Pa.) announced that it has promoted Glenn Fish to chief operating officer, effective immediately. Fish previously served as the company’s chief financial officer and executive vice president. Over the three years that Fish has been with the company, Tekni-Plex has had consistent year-on-year quarterly earnings growth and has also completed six acquisitions. He was

HCA Vendor Services and Nationwide Imaging forge partnership

Hitachi Capital America Vendor Services and Nationwide Imaging Services have forged a partnership to market its imaging equipment with a variety of flexible financial solutions. “We chose Hitachi Capital as our partner because they structure transactions to get the done with the customers’ best interest in mind,” Robert Manetta, CEO of Nationwide Imaging Services, said.

Medtronic is closer to VenaSeal coverage: Here’s how

Medtronic is touting its new CPT codes for the VenaSeal varicose vein closure device – codes that company officials think bring the device closer to positive coverage from public and private insurers in the U.S. CMS announced the new codes on Nov. 1 as part of final rules for the 2018 Medicare Physician Fee Schedule (CMS-1676-F)

Trump nominates pharma insider Azar to lead HHS

The Trump administration today nominated Alex Azar, who spent nearly 10 years at Eli Lilly (NYSE:LLY) after working in the second Bush administration, as secretary of the U.S. Health & Human Services Dept. The former HHS head, Dr. Tom Price, resigned in September after days of fending off criticism over chartered flights he took on the public dime. […]

EQT acquires Clinical Innovations

EQT Mid Market US fund has acquired a majority stake in the company Clinical Innovations. Financial details of the deal were not immediately disclosed. Clinical Innovations recently expanded its product portfolio to serve the neonatal intensive care unit. Headquartered in Salt Lake City, it develops products like the Kiwi vacuum-assisted delivery system and Koala intrauterine