Theragenics subsidiary Galt Medical said it has acquired Sligo, Ireland-based medtech development firm Arrotek Medical. Arrotek develops and designs minimally invasive medical devices supporting a range of catheter-based, interventional applications. Its capabilities include concept, design, product development, regulatory approval, and certain manufacturing services. Arrotek co-founders Mark Pugh and Ger O’Carroll will remain with the company in Sligo […]
8 BIOMEDevice exhibitors you should know
BIOMEDevice Boston is one of the largest medical device manufacturing tradeshows in New England The annual event— held at the Boston Convention and Exhibition Center, May 15–16 — provides an opportunity for more than 4,000 engineers and executives and 400 suppliers in the region’s design and manufacturing industry to connect and network. Hundreds of medical […]
Integer shares rise on Q1 EPS, sales beat
Shares in Integer Holdings Corp. rose today after the contract manufacturing giant posted first quarter 2019 earnings that topped both sales and earnings per share consensus on Wall Street. The Plano, Texas-based company posted profits of approximately $21.7 million, or 67¢ per share, on sales of approximately $314.7 million for the three months ended March […]
Robot-assisted surgery matters for contract manufacturers
Robot-assisted surgery is a game changer, not only for orthopedic device companies but the contract manufacturers serving them. For major supplier Tecomet, it means forging relationships earlier, sometimes tighter instrument tolerances — and much more. It makes sense that Tecomet officials would see the rise of robot-assisted surgery in the ortho space as a big […]
Philips Medical Systems accuses ex-enginer of pilfering trade secrets
A former engineer at Philips Medical Systems in Illinois allegedly transferred confidential trade secrets and then tried to destroy the evidence, the company said in a lawsuit filed last week. The U.S. unit of Dutch healthcare conglomerate Royal Philips (NYSE:PHG) accused Jose Buan of downloading a large trove of proprietary, confidential information around the time […]
S&P boosts Integer Holdings’ outlook
Integer Holdings (NYSE:ITGR) said it has received a positive outlook and a reaffirmed B+ long-term issuer credit rating from Standard & Poor’s (S&P). The positive outlook, which was revised from stable, is based on Integer’s debt reduction and expected future targeted debt-to-adjusted EBITDA leverage ratio between 2.5X – 3.5X. S&P also cited Plano, Texas-based Integer’s customer […]
10 women in medtech manufacturing you should know
Women account for nearly one-third of employees in the manufacturing industry, where men have historically held the majority of jobs, according to the U.S. Census Bureau. The situation includes manufacturers and other outsourcers serving the medical device space. The lack of diversity is even more apparent farther up the corporate leadership ladder. According to a report […]
How fast is Protolabs growing? Turns out it’s really fast
Quick-turn manufacturer Protolabs has an enviable problem: It needs hundreds of qualified advanced manufacturing workers, and it needs them fast. When Protolabs CEO Vicki Holt started with the Maple Plain, Minn.-based company five years ago, it had 750 employees. Now it has 2,700, with plans to add 650 more this year. Most of Protolab’s growth […]
Can AI take medical device manufacturing to the next level?
Artificial intelligence could improve medical device manufacturing efficiency and reduce risk, but it’s still a work in progress. Artificial intelligence is driving the world and our habits. Some of the world’s most well-known companies are using AI: Apple in Siri, Tesla in self-driving cars, Amazon in Alexa and even Netflix. Now medical device companies including […]
Medtech outsourcer innovations you need to know
The medical device industry is seeing all kinds of innovations, but people often overlook the myriad medtech outsourcer technologies making innovation possible. From tiny sensors, magnets and cameras to materials and adhesives that get the job done, contract manufacturers and other suppliers are supporting the medical device industry in myriad ways. They’re enabling everything from […]
Phillips-Medisize is offering connected health data services: Here’s how
One of the world’s largest medical device contract manufacturers, Phillips-Medisize is making a business play to provide the technological back end for connected drug delivery devices. Phillips-Medisize used to be all about the housings, assembly and packaging that went into finished drug-delivery devices. Electronics was something that other contract manufacturers did. Within a few years, […]
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