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Converging Medical Device, Drug, and Biotech Companies

November 21, 2014 7:30 am | by Michael Drues, Founder & President, Vascular Sciences | Comments

Most device development is evolutionary, (i.e., come out with one device, tweak it a bit to make a new device, etc.) I understand the advantages of evolutionary device development from a technology perspective, from a business perspective...

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Top 10 Ways to Cut Manufacturer Supply Chain Costs

November 20, 2014 3:34 pm | by Denise Odenkirk, Senior Director, Industry Solutions, GHX | Comments

Although over 85% of med-surg manufacturers are transacting electronically with providers, manual, paper-based supply chain processes for other medical devices, such as implantables continues to contribute significantly to the soaring costs in healthcare...

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Working More Closely With Hospital Systems and Payers

November 20, 2014 7:30 am | by Michael Pereira, Senior Vice President of Technology & Operations, Ximedica | Ximedica | Comments

Innovations are occurring from multiple paths, all fueled from a consumerization of the medical industry. Our expectations as patients, or as clinicians, or even as payers are changing what is acceptable coming from the medical device industry...

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Preventing and Reducing Hospital Admissions

November 19, 2014 7:30 am | by Marc Dubreuil, Vice President of Business Development, Farm Design | Comments

We are beginning to see more integration of capabilities in order to provide imaging, diagnostics, and tissue manipulation within a single device and procedure. This allows the clinician, after confirming suspicious tissue, to biopsy, ablate...

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Search History for 'Lessons Learned'

November 18, 2014 7:30 am | by Deborah Kacera, Regulatory & Industry Strategist, Pilgrim Quality Solutions | Pilgrim Quality Solutions | Comments

Increased quality and regulatory oversight, increased demand from an aging population and reduced reimbursements are realities for medical device companies. The Medical Device industry will have to focus on reducing costs in the product...

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Assessing the Good and the Bad in the LDT Guidances

November 17, 2014 2:35 pm | by Richard Park, Contributing Editor | Comments

FDA recently released two draft guidances on the regulation of laboratory-developed tests (LDT): Framework for Regulatory Oversight of LDTs and FDA Notification and Medical Device Reporting for LDTs. With the release of these guidances, the agency...

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3 Factors to Consider When Cutting Development Costs

November 17, 2014 9:26 am | by Richard Whipple, Marketing Communications Manager, Parker Hannifin Corporation, Precision Fluidics Division; Ben Furnish, Marketing Manager, Parker Hannifin, Electromechanical Division | Comments

It’s hard for a single company to do everything well; every company has its core competencies. So partnering with the right vendor in ways that supplement a medical device manufacturer’s core competencies is a key strategy many OEMs use to cut...

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Wearable Device Punishes You for Slouching

November 14, 2014 12:58 pm | by Jason Lomberg, Digital Editor, ECN | Comments

One of the first skills they teach you in the military — if you haven’t mastered it already — is correct posture. If you slouch, a loud, angry man with a Smoky Bear hat will give you a gentle reminder to stand up straight. But even the United States Military stops short....

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Bucking the 2014 Healthcare Trends

November 14, 2014 7:30 am | by Emily Cross, Ph.D, Director of Media and Communication, TecMed, Inc. | Comments

A quick Google search of 2014 trending topics in health care will introduce you to a not-too-surprising barrage of themes covering the Patient Protection and Affordable Care Act (the “ACA”, or “Obamacare”), wearable devices and the secure...

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Why 3D Printing is a Real Game Changer in Modern Medicine

November 13, 2014 9:59 am | by Juste Semetaite, CGTrader | Comments

No one wants to live fast and die young anymore. The new cult that’s spun the society into an obsessive quest for the modern elixir of extended life is the beating heart of the 21st century. It is, of course, the all-consuming desire to reverse...

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A Digital Tattoo and Personal Paper Trail

November 13, 2014 7:30 am | by Jason Lomberg, Digital Editor, ECN | Comments

In a recent episode of the Engineering Update, ECN shed light on a Moscow-based artist who created musical tattoos — that is, tattoos that, when scanned by a special instrument, produce a noise that can loosely be described as...

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4 Questions to Ask when Considering the Cloud ERP Solution

November 12, 2014 7:30 am | by Bart Reitter, Director, QAD Life Sciences | Comments

As a Medical Device manufacturer, you’ve undoubtedly heard and read the buzz about the cloud. The cloud, by definition, is a nebulous term that gets bandied about frequently these days. A simple definition of the Cloud is that it is a network...

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Wearable Ultrasound Device Could Replace Painkillers

November 11, 2014 7:30 am | by George K. Lewis, Jr., PhD, Co-Founder, Chief Scientific & Technology Officer, ZetrOZ, Inc. | Comments

ZetrOZ has an instinctual focus on innovation. However, ZetrOZ aims to be more than innovative; it has its sights set on being revolutionary. To make that possible, the young company harnesses its miniaturized ultrasonic technology, a game-breaker ...

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From Concept to Company: 5 Steps in the Journey of a Medical Device Startup

November 10, 2014 7:30 am | by Nate Rhodes, Chief Executive Officer, Veritas Medical LLC | Comments

Innovation is the life force of the medical device industry. Without a large budget for in-house R&D, licensing or acquiring a new technology, many companies are losing market share to those with deep pockets. To avoid the bureaucracy of...

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Examining the Physician Office Lab Market: Japan and Global Overview

November 7, 2014 3:07 pm | by Richard Park, Contributing Editor | Comments

Japan’s highly centralized healthcare system has not left much room for physician office testing, outside of a sizeable physician office laboratory (POL) flu testing market. Epidemic and pandemic influenza strains in Asia significantly increased the need...

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