MassMEDIC to Sen.-elect Brown: Put your money where your mouth was

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The MassDevice Weekly Roundup brings you the latest medical device news and information.

MassDevice nominated for web awards

MassDevice is proud to announce that we’ve been nominated for a pair of awards in MedGadget.com’s “2009 Medical Weblog Awards, “Best New Medical Weblog (established in 2009)” and “Best Medical Technologies/Informatics Weblog.” Voting runs from Jan. 27 to Feb. 14 at MedGadget.com. Please vote early and often! Thanks from all of us at MassDevice.

News

MassMEDIC to Sen.-elect Brown: Put your money where your mouth was

Corporations line up to help Haiti

Spire closes hemodialysis catheter business sale to C.R. Bard

MassDevice    Earning Roundup Q4 MassDevice’s earnings roundup
A roundup of medical device makers’ sales and earnings reports. This week’s list includes preliminary sales reports from Parexel International, Stryker Corp., Hanger Orthopedic and ATS Medical, along with earnings releases by Covidien, Meridian BioScience, Somanetics, Solos Endoscopy, Urologix, GE Healthcare, Quest Diagnostics and Philips Healthcare. Read More

Medtronic to pay up to $500 million for Italy’s Invatec, affiliates

FDA seeks public input in 510(k) review

NuOrtho Surgical adds Ian McRury as CSO

Grassley scrutinizes EMRs

Former Medtronic CEO George: Healthcare reform hinges on low-tech, local solutions

Federal judge: Four J&J patents invalid in infringement dispute with Boston Scientific

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The MassDevice Checkup

MassDevice Weekly Checkup chart for January 26 2010

Our weekly checkup takes the temperature of the public medical device companies in the three largest markets in the U.S.: Massachusetts, Minnesota and California. In addition to the indices for each state, which track the overall movement of the sector, we compare Monday morning’s opening share prices with their value when the markets close Friday afternoon and calculate the biggest gainers and losers. Read More

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MedCity News

MassDevice.com and MedCity News agree to a content-sharing deal aimed at expanding their respective coverage areas.

FDA OKs Medtronic device for congenital heart disease

Pittsburgh’s Cohera Medical pulls in $10 million

ATS Medical reports first commercial use of sutureless aortic valve

Can Miromatrix “regenerate” Minnesota’s medical industry?

Hyland Software launches software for MEDITECH meaningful use

Gambro acquires CHF Solutions

Synapse Biomedical aims to raise $1.2 million in Series C round

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Jobs

Featured Job: Sales/Business Development (Leominster, MA.)
ALBRIGHT TECHNOLOGIES, INC., leader in silicone science and related technology development, is seeking a SALES SUPERSTAR to lead its Business Development efforts. Albright Technologies provides leading edge Product Development Solutions for medical, optical, and micro-components.
Only SUPERSTARS need apply and a minimum of 5 years experience with proven track record of success developing and closing sales to leading health care medical device and technology companies is a must. Read More more arrow

Product Manager (Burlington, Mass.)

Keystone Dental is looking for a dental implants product manager for a newly created position. The position entails taking products from concept to market, providing insights and analyses that drive growth and value. In addition, candidates will interface with the sales force, management and clinicians and be responsible for product market research activities, including demand and revenue forcasting and budgeting. Read More more arrow

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Features

MassDevice Q&A: CeQur CEO Jim Peterson
CeQur CEO Jim Peterson on his personal ties to diabetes technologies and why his company is poised to be the leader in next-generation insulin delivery devices. Read More

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Blogs

MassDevice blog: Abiomed posts Impella procedure video
Abiomed Inc. posts a video of a cardiac procedure in a 58-year-old patient involving its Impella 2.5 heart pump. Read More

Weekly Wireless Roundup: Four pharma companies test GlowCaps
Vitality, developer of medication adherence device GlowCap, says four top pharma firms committed to use its GlowCaps; Can technology address medication adherence?; Japanese startup launches wireless ECG service; and AccuWeather offers up WeatherMD app. Read More

MedGadget’s MedTech Monday: Wireless sensor detects pH, glucose levels in exhaled breath
University of Florida scientists are developing a sensor to detect the pH level and glucose content of exhaled breath; Intuitive 3D interface may be perfect for clinical use; PEPID expands support to Palm Pre; and a new source to alleviate clinical shortage of cobalt-60. Read More

Reimbursement Row: Clearing a path to reimbursement, Part II
Demonstrating clinical evidence is the place to begin ensuring that your new medical technology can win reimbursement. Read More

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Upcoming Events

Featured Events

Jan. 28, Waltham, Mass.MDG Entrepreneurial SIG Meeting

“Luis Barros of the Massachusetts Life Science Center will be presenting to the public for the first time, the Massachusetts Life Science Center ’s 2010 plans for helping startups in the state. This is a unique opportunity for MDG and we hope you will be able to take advantage of it.”

Feb. 9, BostonOffice Hours for MedTech Startups: Addressing the Outcome Studies Challenges for New Medical Technologies

“Proof of effectiveness and outcome benefits is increasingly important for market adoption of new medical technologies. In the workshop, we will discuss challenges and strategies for addressing outcome studies, using a number of real life examples, analyzing potential risks, respective solutions and successful implementation. You will have the opportunity to consult with the experienced staff of Boston MedTech Advisors, which offers this event to help increase the number of viable medical technology start-ups in Massachusetts.”

Other events

Jan. 27, Waltham, Mass.The Capital Network’s “Evening Roundtable” Negotiation and Valuation

Jan. 27, BostonMass. Life Sciences Center Board Meeting

Jan. 27-31, Orlando, Fla.Scientific Meeting of the Academy of Cosmetic Surgery

Feb. 3-6, San Antonio, TexasAmerican Academy of Pain Medicine Annual Meeting 2010

Want to list your event on our weekly newsletter? Contact us at editor@massdevice.com.

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MassMEDIC to Sen.-elect Brown: Put your money where your mouth was

The Mass. Medical Device Industry Council is asking Sen.-elect Scott Brown to put his money where his mouth was during the campaign for the late Sen. Ted Kennedy’s seat on Capital Hill.

During his successful run against Mass. Attorney General Martha Coakley, Brown visited Zoll Medical Corp.’s Chelmsford, Mass., headquarters, where he spoke about his opposition to a proposed tax on medical device makers to help pay for healthcare reform.

During the campaign stop at Zoll, the Republican then-candidate told MassDevice that he planned to vote against the healthcare reform bill if elected.

“I can stop the bill and bring it back to the drawing board,” he said. “In the middle of the recession, to basically put a tax on a company like this — [Zoll] said outright that that one act alone would cut their profit — then you throw onto that the expiring tax cuts and the potential [carbon] cap-and-trade tax, they’re going to have to either relocate, lay people off or increase their prices. There’s no two ways about it.”

Brown’s election means Senate Democrats lose their 60-vote, filibuster-proof majority, giving him the power to live up to his vow. MassMEDIC sent the senator-elect a letter expressing the council members’ hopes that he would do just that:

"As you begin your term in the U.S. Senate, we ask that you continue your strong opposition to a tax on the medical device industry as proposed in both versions of health care reform legislation now pending in Congress. Your remarks against the proposed industry tax at ZOLL Medical Corporation in Chelmsford last week were well received by the medical device community in Massachusetts and around the nation," the letter stated. "As Congress revises plans for health care reform legislation, we urge you to work for the exclusion of any tax on the medical device industry. Such a tax would lead to higher medical costs and halt plans medtech companies have for expansion of manufacturing and development operations."

Here’s the full text of the letter, signed by MassMEDIC chairman Thomas Taylor, president of Roush Life Sciences, and MassMEDIC president Thomas Sommer:

January 21, 2010

The Honorable Scott Brown
U.S. Senator-elect
200 Reservoir Street
Needham, MA 02494

Dear Senator Brown:

On behalf of the officers, directors and members of the Massachusetts Medical Device Industry Council (MassMEDIC), we congratulate you on your well-earned victory in Tuesday’s election

As you may know, Massachusetts is home to the second largest concentration of medical device development and manufacturing in the nation. With over 21,000 employees, 225 companies and $5 billion in annual sales, the Bay State’s medical device industry designs and makes some of the most innovative medical products available in the world. Medical devices account for 10 percent of all goods shipped overseas from the Commonwealth, exporting over $2.5 billion in product each year

As you begin your term in the U.S. Senate, we ask that you continue your strong opposition to a tax on the medical device industry as proposed in both versions of health care reform legislation now pending in Congress. Your remarks against the proposed industry tax at ZOLL Medical Corporation in Chelmsford last week were well received by the medical device community in Massachusetts and around the nation.

This tax will have an immediate and negative impact on the health care delivery system, resulting in higher costs for medical devices that will be passed on to providers and patients. The proposed tax would also eliminate any plans that medical device companies have for adding workers, expanding facilities, and increasing research and development activities.

As Congress revises plans for health care reform legislation, we urge you to work for the exclusion of any tax on the medical device industry. Such a tax would lead to higher medical costs and halt plans medtech companies have for expansion of manufacturing and development operations.

Thank you for recognizing the important role the medical device sector plays in our State’s economy and for your opposition to this invasive tax on this industry.

Sincerely,

Thomas Taylor Thomas J. Sommer
President – Roush Life Sciences President – MassMEDIC
Chairman – MassMEDIC  

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