Officials at machine learning and artificial intelligence consulting company Wovenware think AI could boost the quality of medical device manufacturing. The San Juan, Puerto Rico–based company already has clients in a variety of industries including airlines, education, food, financial services, insurance, telecommunications and utilities. Now it’s working with a number of medical device companies to test proof […]
Novanta nearly doubles earnings in Q3
Novanta (Nasdaq: NOVT) saw its stock shoot up 20% in value this morning after announcing that it nearly doubled its profits in the third quarter, a set of results that beat Wall Street expectations. Bedford, Mass.–based Novanta – which provides photonics, vision and precision motion technologies to medical equipment makers and advanced manufacturers – earned $14.6 […]
FDA to speed up review of medical products for U.S. military
The U.S. FDA today announced a memorandum of understanding with the Department of Defense to accelerate regulatory assessment of medical products for military personnel. Congress last year passed a law to expedite regulatory review of products to diagnose, treat or prevent serious diseases or conditions facing U.S. military personnel. The memorandum establishes a framework to implement […]
9 exhibitors to check out at MD&M Minneapolis
MD&M Minneapolis — Oct. 31–Nov. 1 this year — is one of the largest medical device manufacturing events in the Midwest, with thousands of medtech professionals networking with hundreds of industry suppliers. From new plastic welding technology at Emerson to LED curing systems at Excelitas Technologies, here are nine exhibitors and their technologies worth checking out […]
Resonetics acquires STI Laser Industries
Resonetics (Nashua, N.H.) said today that it has purchased STI Laser Industries (Or Akiva, Israel), a medical device industry supplier of laser processing, nitinol shape setting and electropolishing, and cleanroom assembly and packaging. Financial terms of the deal were not disclosed. Founded in 1998 by its president and CEO Tovy Sivan, STI has a worldwide business, with […]
DeviceTalks Boston: 5 medtech startups you need to know
From an individually tailored intra-corneal implant to an improved heart pump for open-heart surgery to new exoskeleton technology, there was a variety of medtech to check out during MassMEDIC’s recent Medtech Showcase. The 20th annual showcase, held last week at DeviceTalks Boston, provided a chance for a batch of 20 companies from around the world […]
3 ways HHS can help medtech innovators
The U.S. Department of Health and Human Services (HHS) is doing everything from sharing more data to cultivating entrepreneurial talent and engaging in partnerships in order to support medical device innovators, the department’s CTO Ed Simcox told than 100 industry insiders in the Twin Cities today. A major goal at HHS is to build an innovation-focused […]
Senators question basis for FDA’s digital health pre-cert pilot
Three Democratic senators representing major high tech and medtech hubs in the United States are questioning the statutory basis of FDA’s new pilot program for digital health product precertification. “We support FDA’s efforts to update the medical device review regime to better accommodate digital health devices and believe that it is an important step in ensuring that […]
Gerresheimer revenues up 6.7% in Q3
Gerresheimer AG’s revenue grew 6.7% year-over-year during its third quarter — with adjusted earnings up 2% — as medical plastic systems continued to be a revenue growth driver, especially due to the company’s U.S. inhaler project. Revenues for the quarter ended Aug. 31 were 353.7 million euros (equivalent to $399.7 million), up from 331.5 million euros ($374.6 […]
HHS’s healthcare startups tour is coming to Minnesota next week
[Image courtesy of Google Maps] The University of Minnesota and the Medical Alley Association will host the U.S. Department of Health & Human Services (HHS) for a “Healthcare Startup Day Minnesota” event on Oct. 15. The event, which will be held at the University of Minnesota’s McNamara Alumni Center, will be HHS representatives’ sixth stop […]
DeviceTalks Boston: Here’s a sampling of exhibitors
Join the hundreds of people attending DeviceTalks Bostonthis week, and you’ll see dozens of exhibitors representing a strong sampling of the medical device supplier network supporting New England and the U.S. in general. Here are some examples of interesting exhibitors to see at the show>>
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