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FDA Breakthrough Device Designation: What You Need to Know
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Laser processing and its role in medical device manufacturing
By Matthew Nipper, Director of Engineering – Laser Processing Technologies, Spectrum Plastics Group Laser micromachining is one of the highest-precision processes utilized in medical device manufacturing. In fact, lasers may be the only option to produce delicate features, especially in thin or sensitive materials. Lasers can cut micron-sized features quickly with sub-micron tolerances, without defects—thereby […]
Innovative silicone adhesives for biomedical and medtech assembly
By Michael Goglia, Americas Healthcare Market Manager, Elkem Silicones Silicone based adhesives continue to play a major role in the advancement of medical devices. Silicones have long been a material of choice for MedTech OEM’s and fabricators due to their inherent properties of biocompatibility, chemical inertness, environmental stability, and high performing physical properties. Elkem Silicones […]
Precision metal stamping metamorphosis: Meeting challenges, setting new standards
Hobson & Motzer began in 1912 as a tool and die shop aiming to fill a gap in the market for complex, high-precision tool work for local manufacturing companies. People who are familiar with us today are often surprised to learn that for our first 50 years or so, Hobson & Motzer did not offer […]
Medical device startup Fisher Wallace has raised nearly $3 million on StartEngine
Medical device startup Fisher Wallace Laboratories has been named one of “5 Health-Tech Startups to Watch in 2021” by Entrepreneur magazine and has raised nearly $3 million on StartEngine, a leading equity crowdfunding platform. The majority of the company’s investors are its own customers – people who have used Fisher Wallace’s prescription wearable to treat […]
Versapor® RC Membranes: The next generation of venting materials
As the world leader in the design and production of membranes, filtration devices, and separation systems, Pall Corporation supplies products to nearly every industry in the world. Founded in 1946, Pall Corporation has set the standard for filtration solutions for 75 years and counting. Our customers have relied on us for their most sophisticated applications […]
Smaller, faster, cheaper: The future of medical device manufacturing
Medical Product Outsourcing published an article about medtech and micromolding that made me think about the future of micro 3DP for medical devices. “Smarter, faster, cheaper. Those three words have become the unofficial motto of medtech development in recent decades,” wrote Michael Barbella in an article from October 2019. Barbella, MPO’s Managing Editor, also interviewed […]
Mergers & Acquisitions.
Veranex acquires Experien Group
Veranex announced today that it acquired Experien Group, a provider of regulatory, quality and clinical consulting services for medtech companies. Raleigh, N.C.-based Veranex, which was created as a combination of companies after Summit Partners acquired Ximedica, Quartesian and Boston Healthcare Associates in June, offers integrated product development strategies and services to medtech companies. Get the full […]
Cardinal Health completes $1B sale of Cordis business
Cardinal Health (NYSE: CAH) announced today that it has completed the sale of its Cordis business to private equity firm Hellman & Friedman. The $1 billion sales price included includes H&F’s assumption of certain liabilities and Cardinal Health’s retention of some working capital accounts. “As we shared previously, this divestiture demonstrates our disciplined portfolio evaluation […]
MedTech 100 roundup: Industry climbs with earnings season in full swing
Better-than-expected quarterly earnings are providing a further boost to medtech industry stocks. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week (July 30) at 118.86 points. Two weeks ago aside — when the index shot up to 145.88 points and quickly tumbled down — this mark […]
Hillrom stock shoots up on news of potential acquisition by Baxter
Hillrom (NYSE: HRC) stock rocketed today after a Wall Street Journal report that Baxter (NYSE: BAX) is in the early stages of talks to acquire the company. WSJ cited people familiar with the matter, who added that there was no guarantee the two companies will reach an agreement. HRC shares are up 8.7% to $134.49 […]
BD acquires resorbable polymer maker Tepha
BD (NYSE:BDX) today announced that it has acquired resorbable polymer technology maker Tepha for an undisclosed amount. Franklin Lakes, N.J.–based BD said that it will use Tepha’s resorbable polymer technology to accelerate the growth of the company’s business around surgical mesh for soft tissue repair, reconstruction and regeneration. Tepha’s GalaFlex portfolio is also included in the […]
PerkinElmer announces Street-beating Q2, plans to acquire BioLegend for $5.3B
PerkinElmer (NYSE:PKI) today posted Street-beating second-quarter revenues and announced the $5.3 billion acquisition of BioLegend. The Waltham, Mass.-based company posted profits of $245.9 million, or $2.19 per share, on sales of $1.2 billion for the three months ended July 4, 2021, for a 79.3% bottom-line gain on sales growth of 51.3%. Adjusted to exclude one-time […]
George Soros and Bill Gates are helping to turn Mologic into a social enterprise
Mologic recently announced that it will transition into a social enterprise through the support of a group of philanthropic funds and investors led by the Soros Economic Development Fund, with support from the Bill & Melinda Gates Foundation. The investors that are part of the newly launched Global Access Health (GAH) are spending £30 million […]
