TE Connectivity beats the Street on Q3 results

TE Connectivity (NYSE: TEL) today reported that revenue was up 12% and adjusted earnings per share were up 15% year-over-year during the company’s third quarter — beating analysts’ predictions. TE earned $454 million, or $1.29 per share, off $3.8 billion in sales during the quarter ended June 29, up from $435 million, or $1.22 per

Cadence expands electromechanical grinding tech at R.I. facility

Cadence (Staunton, Va.) has expanded its electrochemical grinding technology at its Cranston, R.I. facility, the company said today. The new equipment uses high -precision, burr-free grinding with CNC control, enabling robust processing of harder materials such as spring-tempered steel and heat treated stainless steel for profile grinding- shavers and related products.  “This latest technology allows us to

NextFlex awarding $12 million to fund flexible hybrid electronics projects

NextFlex, the San Jose, Calif.–based hybrid electronics manufacturing institute, today announced $12 million in funding for seven projects in areas ranging from healthcare to avionics to infrastructure monitoring. The funding is part of NextFlex’s Project Call 3.0 and includes $7 million in cost-share contributions from participants. The Project Call program overall has awarded more than

Digital Surgery touts artificial intelligence for the operating room

Officials at Digital Surgery (London) boast that they have successfully demonstrated a real-time, dynamic artificial intelligence (AI) system designed for the operating room. The patented AI platform includes surgical procedure roadmaps that are meant to aid the surgical team in an OR. The goal is to reduce risk and make surgery safer. “This is a huge milestone for

Here are the top 5 medtech stories of mid-2018

A growing U.S. trade war with China and other countries casts a pall on medtech — and U.S. business in general — in mid-2018. The landscape of the medical device industry continues to evolve, though. There’s a major corporate spinout in the works, as well as a mega-merger that apparently was not to be. Read

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Who’s afraid of the big, bad PMAs?

PMAs at FDA are often a scary process for medical devices developers. But that doesn’t have to be the case, according to Michael Drues, a regulatory consultant based outside Boston who has worked with both medical device companies and FDA. There are many myths around premarket approval, such as the idea that PMAs always require

Schott to acquire Primoceler and its glass micro-bonding packaging tech

Schott (Mainz, Germany) recently announced that it has agreed to acquire Primoceler Oy and its hermetic packaging portfolio with glass micro-bonding technology. The Primoceler technology out of Finland is meant to enable the manufacture of vacuum-tight, ultra-miniature, ultra-reliable medical implants. Financial terms of the deal, announced Monday, were not disclosed. Primoceler’s glass bonding method is based

Venture investing in medtech and digital health: Here’s advice from the trenches

Medtech entrepreneurs agree that it’s still tough to find funding at the Series A level. Here’s their advice about how to find it. Bill Evans Competition for medtech venture investing is fierce, at the same time that traditional investors pull back from the space. To get to the bottom of what’s going on, I reached

Packaging Compliance Labs opens Denver office

Packaging Compliance Labs (Grand Rapids, Mich.) recently announced that it has opened a new office in the heart of downtown Denver. The new office for the medical device and pharmaceutical packaging engineering and validation firm is mean tto accommodate rapid growth and leverage the Denver area’s growing biotechnology industry. PCL is rapidly growing. On the heels

MicroCare announces webpage for its critical cleaning lab services

MicroCare (New Britain, Conn.) has created a dedicated webpage to introduce its critical cleaning lab services. Part of a website update, the new page highlights what MicroCare describes as unique service that analyze specific critical cleaning applications for electronics, industrial parts and medical devices. MicroCare relies on its research and development to provide customers with

Methods Machine Tools announces promotions

Methods Machine Tools (Sudbury, Mass.) recently announced that Jerry Rex, the company’s president, has been named president and CEO, and Dale Hedberg has been promoted to VP of operations. “Methods is pleased to appoint Jerry as president and CEO. With his strong skill set, machine tool industry knowledge and energetic management approach, we are looking

MiMedx top brass resign amid internal accounting investigation

MiMedx CEO Parker H. “Pete” Petit and COO and President William C. “Bill” Taylor have resigned as a board-directed independent investigation continues into accounting practices, Marietta, Ga.–based MiMedx (Nasdaq: MDXG) announced today. Petit and Taylor’s exit comes after recent departures of MiMedx’s CFO and corporate controller and treasurer. In addition to the resignations of top brass, the

Venture investing in medtech and digital health: What the entrepreneurs see

Medtech entrepreneurs at the Series A level agree that the funding environment remains challenging.  Bill Evans Entrepreneurs at the Series A funding level tend to report that their part of the funding life cycle remains very challenging, as has been for the last decade. They also report that many A Round investors are angels, often

Medtech venture investing trends: Here’s what you need to know

Ask any early-stage medtech or digital health entrepreneur, and they’ll tell you how tough it is. There’s tremendous competition for venture investing, coupled with a pullback by previously traditional investors in this space. Bill Evans While venture investment in medtech and digital health has recovered since the financial crisis of a decade ago — setting

Medical devices: When should you make them smarter?

The drive toward value in healthcare has increased demand for smarter medical devices able to provide information for real-time feedback, as well as after-the-fact analysis. So when does it make sense to actually make a medical device smarter? And how do you go about it? Tom KraMer, CEO of Kablooe Design outside Minneapolis, has a