Spectralytics has completed a dedicated product development center in Maple Plain, Minn. to speed delivery of prototypes to customers and free up the production lines in its other facilities. Spectralytics’ two existing plants in Dassel, Minn., 55 miles west of the Twin Cities, offer laser cutting, welding, drilling, ablation, marking, electropolishing, assembly, and engineering services […]
BIOMEDevice Boston is an opportunity for more than 4,000 engineers and executives and 400 suppliers in New England’s design and manufacturing industry to connect and network. The annual event is being held at the Boston Convention and Exhibition Center, April 18-19. Hundreds of supplier booths will be showcasing their latest technologies and capabilities. Here are 10 […]
Count Spectrum Plastics Group (Alpharetta, Ga.) among the medical device industry suppliers adding capabilities and expertise in order to add value to what they provide their customers. Long gone are the days when medtech contract manufacturers simply made orders to spec. As four recent case studies out of Spectrum highlight, it’s all about branching out and finding […]
Quick-turn manufacturer Protolabs (NYSE: PRLB) plans to have a new plant opened by the end of the year in the northern Minneapolis suburb of Brooklyn Park. Protolabs announced the purchase of the 152,000-square-foot facility on March 16. Financial terms of the deal were not disclosed, but county property records show the building was last sold […]
About 10 years ago, there were a number of notable trends and market forces which began to, once again, change how the medical device manufacturing sector brought its products to market. They’re still shaping the market we have today. Andrew Potter, Bonifacio Consulting Services, and Chris Delporte Perhaps the true measure of a forward-thinking industry […]
Medtech, pharma and biotech development outsourcer Icon continues to beat the Street when it comes to its results. Dublin, Ireland–based Icon (Nasdaq:ICLR) said today that it earned $78.5 million, or $1.43 per share, off $455.1 million in sales for the fourth quarter ended Dec. 31, 2017 – up from $74.3 million, or $1.33 per share, in […]
Greatbatch and Lake Region Medical merged nearly two years ago to become Integer Holdings Co., a giant medical device contract manufacturer that could theoretically do almost anything for an OEM. But can this colossus of a company execute on its expanded capabilities? When Greatbatch and Lake Region Medical merged in 2015, company officials decided they […]
Drug development provider Icon PLC (Nasdaq: ICLR) saw its stock jump about 6% in value today after announcing second-quarter earnings that beat analysts’ expectations. The Dublin, Ireland–based company, which serves the pharmaceutical, biotechnology and medical device industries, also said it has acquired the Mapi Group, which provides patient-centered health outcomes research and commercialisation. Financial terms of […]
Starting a medtech company comes with a host of challenges, from regulation to financing to reimbursement. One way that companies can overcome those challenges, according to 2 industry experts, is to outsource some of the research and development work – and in the process, create a leaner, more flexible company.
Irish medical device outsourcer Creganna-Tactx Medical said today that it agreed to acquire Precision Wire Components LLC for an unspecified amount, saying it will re-brand as Creganna Medical.