Big medical device companies are able to innovate, too: Here’s how

Startups and smaller firms outnumber the big medtech companies, but they haven’t cornered the market on research and development. The major players are always working on new devices and use their scale to quickly assemble teams to develop them. R&D executives from Abbott and Boston Scientific explained how their processes work and dispelled some myths

Move carefully to the exit, veteran medtech sellers warn

Beyond their altruistic and sales goals, medical device startups generally keep an eye out for the exit. Getting there requires planning, patience and persistence, according to a couple of medtech executives who’ve been through it. Martha Shadan headed Plymouth, Minn.–based Rotation Medical, a private company sold to Smith & Nephew in December 2017, just three

May 2018 issue: DeviceTalks Minnesota Show preview, the hottest medtech startups of 2018 and more

Can Minnesota become a healthcare innovation hub? The 10 hottest medtech startups of 2018 7 ways you can doom your medical device startup Power morcellation: Questions linger for controversial tech Speakers you need to see at DeviceTalks Minnesota Medical device product development: Here are the basics Minnesota continues to attract medtech innovators California, especially Silicon

Can Minnesota become a healthcare innovation hub?

Minnesota has the institutions and the talent to transform healthcare in the U.S. The question is whether the money will follow. RxFunction makes wearable devices called “Walkasins” that help people with chronic health conditions prevent falls that can lead to serious injury. It took eight painstaking years, though, before the Eden Prairie, Minn.-based startup secured

Speakers you need to see at DeviceTalks Minnesota

A Google executive whose own heart problems spurred her to seek medtech innovation, a leader at Abbott who wants to drive healthcare value, the head of an upstart company seeking to transform diabetes care — those are but some of the speakers you will encounter at DeviceTalks Minnesota this June. Read on to find out

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How Bigfoot Biomedical’s CEO wants to boost diabetes management

Jeffrey Brewer faced the biggest challenge of his life when his 7-year-old son Sean received a diabetes diagnosis in 2002: Diabetes became the new focus for Brewer’s energy. In his role as CEO at JDRF (formerly the Juvenile Diabetes Research Foundation) between 2011 and 2014, Brewer forged financial partnerships with industry to drive the development

All heart: A Google executive’s real-world experience with medtech

After hearing the story of her 10 cardiac surgeries and seven pacemakers, you could be forgiven for thinking that Heidi Dohse has a weak heart. But the Google executive, endurance cyclist and, now, inspirational speaker she may have a stronger heart than most people on the planet. Dohse, a senior program manager at Google and

7 ways you can doom your medical device startup

Randy Nelson has worked with medical device startups for more than a dozen years through his Evergreen Medical Technologies (St. Paul, Minn.), as well as the University of Minnesota’s Carlson School of Management. A product development veteran of St. Jude Medical and Boston Scientific, Nelson has pretty much seen it all when it comes to

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For this Abbott executive, solving problems isn’t enough: ‘We need to add value’

As payers and providers across healthcare shift their focus to value-based care, leaders in the medical device industry are racing to keep up. Michael Pederson, SVP of cardiac arrhythmias and heart failure at Abbott, told MassDevice.com why simply solving problems with new technology isn’t enough anymore. What was your path like from electrical engineering to

AI could be a game-changer for older people and cognition

As the founder and CEO of MyndYou, Ruth Poliakine-Baruchi believes strongly in the power of artificial intelligence to change health. MyndYou is an AI healthcare company dedicated to identifying and tracking cognitive changes in older adults. The goal is to help these adults stay with their families longer and gain better care than they might get

How Minnesota got a Pediatric Device Innovation Consortium

Dr. Gwenyth Fischer, director of The Pediatric Device Innovation Consortium at the University of Minnesota, thinks the seven year old group gives their inventors an edge. The advantage could be summed up in one word: “location.” Minneapolis-St. Paul is a major U.S. medical device hub — a tight-knit community of people with product development, regulatory, reimbursement and

How CHF Solutions is using health economics to expand product adoption

Two years after CHF Solutions (NSDQ:CHFS) acquired Baxter‘s (NYSE:BAX) Aquadex fluid filtration device for $5 million, the company’s executives are working to weave together the evidence they need to land reimbursement in the U.S. and expand patient access for its technology. The Aquadex system is designed to filter water and salt from patients experiencing fluid overload due

How Consensus Orthopedics added smarts to orthopedic devices

Consensus Orthopedics made headlines with its TracPatch this year. So how did an ortho company get a digital product to market? Let’s face it, orthopedic devices are dumb. That is to say, they are mute. Silent. And in today’s healthcare environment, the silent kind of dumb is dangerous. Consensus Orthopedics (El Dorado Hills, Calif.) wanted to

DeviceTalks Minnesota: Here’s what you missed

Some of the medical device industry’s top leaders and experts gathered in St. Paul, Minn., in June for DeviceTalks Minnesota. Check out the highlights – and don’t miss DeviceTalks Boston on October 2. [View the story “DeviceTalks Minnesota: Here’s what you missed” on Storify]