After weeks of flirting with the heights hit before COVID-19 ravaged the markets, medtech stocks finally topped the pre-pandemic high last week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — spiked up to 93.11 points on Sep. 2, nearly a full point ahead of the pre-pandemic high of […]
Brexit
Ireland faces device shortage in wake of no-deal Brexit
A “significant” number of essential medical devices made by small- and medium-sized medtech companies will go in short supply in Ireland in the event of a no-deal Brexit, according to a report in the Irish Times. An Irish health service analysis of the possible effects of a hard Brexit revealed the number of devices that […]
UK to recognize CE Marks for limited time in case of ‘no deal’ Brexit
The UK’s Medicines & Healthcare products Regulatory Agency will continue to recognize CE Marked products for use in the country for a limited time following a ‘no deal’ Brexit scenario, according to new guidance from the agency. The country’s medtech watchdog recently released updated guidance covering steps it will take if it does not reach […]
UK preparing for ‘worst-case’ medical supply Brexit plan
The UK government is preparing for a “worst-case” Brexit scenario in which no deal is reached between the country and the European Union by March 29, the date the country is slated to leave the EU, according to a recent release from UK health minister Matt Hancock. Preparations include increasing the stock holding capacity in […]
UK’s MHRA details what medtech should expect during Brexit
The UK’s Medicines and Healthcare products Regulatory Agency today released an update on what medtech and pharmaceutical companies can expect to see as the country begins to implement plans to split from the European Union. The Brexit agreement implementation period is set to end on December of 2020, according to the notice, during which the […]
EU agencies’ post-Brexit locales still unknown
(Reuters) — The future location of the 2 European Union agencies based in London will be a matter for Brexit negotiations, the British government said today, but EU officials said there was no doubt they would be moved. London is home to both the European Medicines Agency (EMA) and the European Banking Authority (EBA), and last month […]
What’s next for Medtech in the EU, post-Brexit?
After Britain’s vote to withdraw from the European Union, medical device companies have been facing an uncertain future in the region. Many of the changes will depend on just what extent the UK disconnects from the EU, according to a Nobles interview with MedEuronet co-founder Kristine Morrill. If the UK exits fully, the country will leave the […]
5 reasons the Brexit panic is overdone
Voters in the U.K. shocked the world last week when they voted to secede from the European Union. Investors around the globe reacted by sending share prices down nearly across the board – London’s FTSE 100 index plunged -5.6% to 5982.20 on the news, with the Dow Jones Industrial Average falling -4.9% to 17,122.85, NASDAQ down […]