Nordic Capital has acquired a majority stake in Orchid Orthopedic Solutions (Holt, Mich.), a major design and manufacturing outsourcer in the orthopedic medical device space. Financial terms of the deal – announced Jan. 21 – were not disclosed. While the Nordic Capital Fund IX is buying a majority stake in Orchid, previous owner Altor Fund III will keep […]
Grand Valley State lands grant to study 3D printing for medtech
Grand Valley State University’s applied Medical Device Institute (aMDI) has been awarded $500,000 by the Grand Rapids SmartZone to study the use of specialized 3D printing technology for medical device production. The grant will allow the Grand Rapids, Michigan-based institute, along with contract manufacturer MediSurge (Grand Rapids) and 3D printing company Carbon (Redwood City, Calif.) to create production-grade, implantable medical […]
DeviceTalks West exhibitors: Expertise you need to know
From electronic components for neurostimulators to the E.U.’s MDR to security concerns connected medical devices, there was a great deal of expertise to be among exhibitors at DeviceTalks West in December 2018. Medical Design & Outsourcing managing editor Chris Newmarker spoke with experts at Valtronic, WuXi AppTec and Green Hills Software. Get the full story on our […]
What does the U.S.-China trade war mean for medical device companies?
The ongoing trade war between the United States and China affects everything from tooling and mold-building to commodity medical devices when medtech is concerned, according to Mark Bonifacio of Bonifacio Consulting Services. Bonifacio, though, thinks China is too big for medical device companies to ignore: Even if the labor costs savings aren’t as attractive, there is simply […]
Zeus: Try our heat shrink products at no cost
Polymer extrusion and tubing company Zeus seems to be taking a page out of the sales playbook of software companies and direct marketers. Zeus (Orangeburg, S.C.) is telling medical device companies interested in switching to its peelable heat shrink tubing that they can initially try it out for free. Get the full story on our sister […]
Millar ends CD Leycom distribution agreement
Millar said today that it is discontinuing its exclusive North American distribution agreement with CD Leycom, maker of the clinical Inca pressure-volume (PV) loop system. Officials at Houston-based Millar – a pressure sensors and medical device contract manufacturing company – plan to focus more on the company’s OEM division, which integrates pressure sensors based on microelectromechanical systems […]
Webinar: Here are the medical device outsourcing challenges you need to avoid
Constant cost pressures – coupled with increased expectations to reduce time to market – often require medtech manufacturers to outsource all or part of their device assembly. Medical device outsourcing allows a medtech company or startup to focus on its core competencies. But cost containment and speed to market aren’t everything: They represent just a […]
2 Minnesota medical device industry suppliers are expanding
Two Minnesota-based medical device industry suppliers – Windings and New Plastics Plus – are expanding and adding jobs, the state’s Department of Employment and Economic Development recently announced. Get the full story on our sister site Medical Design & Outsourcing.
Global medtech outsourcing market will reach $195 billion by 2025, report says
Heather Thompson, Senior Editor The regulatory environment changes in Europe and around the world will be a boon to medtech outsourcing over the next several years. The changes, according to Grand View Research, will propel the medical device outsourcing services market to nearly $195 billion by 2025. Get the full story on our sister site Medical Design […]
Could AI be the next big thing for medical device manufacturing?
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 […]
Stratasys jumps on Q3 beats
Stratasys (NSDQ:SSYS) shares jumped today after the 3D-printing giant beat the consensus with its third-quarter results. Minneapolis- and Rehovot, Israel-based Stratasys posted losses of -$679,000, or -1¢ per share, on sales of $162.0 million for the three months ended Sept. 30, paring its losses by -93.3% on sales growth of 4.0% compared with Q3 2017. Get […]
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