2 paths to success on the medtech fundraising trail

Funding a medical technology company isn’t a simple job: Modern medical devices require cutting-edge innovation, research and design to make it to market. And don’t even get started on regulatory and reimbursement challenges. The recession of the late 2000s, Affordable Care Act and changes to regulatory bodies and reimbursement requirements have changed the game for

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P&F Machining completes expansion

P&F Machining – a custom machining provider for the medical device and other advanced manufacturing industries – recently celebrated the opening of its new 54,400-square-foot facility in Otsego, Minn. The new building became operational in February, according to P&F Machining President Dan Pawlak. The project cost $6.7 million and brought 40 jobs into Otsego from P&F’s previous

TransEnterix CEO: Robotic surgery has a big problem

Todd Pope has been working in the surgical robotics space for over a decade. As the CEO of TransEnterix, which has developed Senhance surgical assistance device, Pope believes the surgical robotics market is about to explode. But before it can take off, Pope noted that players have to address a really big problem with robotic

5 officials running healthcare under Trump

President Donald Trump’s critics complain that the president has yet to make hundreds of appointments to midlevel positions. But at least with healthcare, we’re starting to get a clearer picture of who is in charge. Just on May 10, the U.S. Senate confirmed Dr. Scott Gottlieb as FDA commissioner. Here are 5 top officials shaping

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Why adding device identifiers to insurance claims protects patients

The pushback to adopting unique device identifier into claims forms is that the added steps will be burdensome for hospitals. But documenting device identifiers in claims forms is actually “feasible” and “straightforward,” and requires only modest effort, according to a new whitepaper from Boston’s Brigham and Women’s Hospital. Of particular concern was that the device claims

Robotic surgery is taking off: Here’s what you need to know

[<a href=”//storify.com/MedTechDaily/getting-started” target=”_blank”>View the story “Robotic surgery: Here’s everything you need to know” on Storify</a>] [Want to stay more on top of MDO content? Subscribe to our weekly e-newsletter.]

AdvaMed unveils new tools to assess medical device value

AdvaMed today launched a new value initiative that includes extensive tables of questions to help medical device companies formulate value-based arguments. The value framework also includes tools specifically designed for diagnostic technologies, as well as report on understanding evidence and use cases. “Value” has become an important word in medtech in recent years as government and

Surgeon entrepreneur bets on virtual reality to boost surgical training

Dr. Justin Barad is a gamer, so it makes sense he would be drawn to virtual reality. As a high schooler, Barad started the computer science team. He interned at Activision, and was all set to be a game developer. But then Barad started to think about how he could help people. He ended up

Webinar: Reducing risk through material science

Join us for a free, live webinar with Battelle on June 15th at 2 p.m. Eastern time.     Medical device material failures are common and costly. Fortunately, the risk of these failures can be greatly reduced through better understanding of materials science earlier in the product development cycle, preventing both delays and post market

How cleanrooms can ensure life science product quality

Cleanrooms are an important production tool for life sciences manufacturers; maintaining high stands of product quality ensures product efficacy and builds a strong reputation. Kevin Weist, president, Clean Air Products Quality is paramount in the life sciences. The innovation and growth for which life sciences companies strive cannot be attained without top quality products. Whether

How Cambridge Medical Robotics wants to transform robotic surgery

The field of surgical robotics is rapidly changing. (Check out our ongoing surgical robotics series). Major players in the field include Cambridge Medical Robotics (CMR), a U.K.-based OEM working on a portable surgical robot called the Versius. CMR recently completed Series A financing, and CEO Martin Frost believes the technology will transform the existing market. Frost answered some

Stratos PD: What went wrong and what does it mean for medtech?

UPDATE May 10, 2016: In the interest of full disclosure, Heather Thompson was a freelance writer for the Stratos blog. There has been some conjecture since the once premier consulting firm, Stratos Product Development, shut down last week. Those closest to the company have expressed a deep sadness in the abrupt end of a company

Stratos Product Development quietly and abruptly shutters doors

Stratos Product Development of Seattle has abruptly shut down. The design firm had worked with some of the biggest names in tech and healthcare, and its closing leaves other design firms and medtech industry watchers in shock. E-mailed inquiries to the company returned with this message:  “This response serves to notify you of the closing of

How deep learning algorithms could detect diabetic eye disease

Researchers at the Byers Eye Institute at Stanford University believe deep learning algorithms, a form of artificial intelligence, hold the key to detecting diabetic retinopathy and averting blindness in patients. Diabetic retinopathy damages the blood vessels at the back of the eye and is the leading cause of preventable blindness globally. Up to 45% of

TE Connectivity acquires MicroGroup

TE Connectivity has acquired MicroGroup, a Medway, Mass.–based provider of precision metal shafts for medical devices. The deal, which TE Medical SVP and general manager Paraic Curtis announced in a message to customers on May 1, is but the latest in a number of acquisitions TE has made in recent years to strengthen its medical device