Carpinteria, California–February 7, 2011 – Helix Medical, LLC, a global manufacturer for the medical device and healthcare industries, will soon begin construction on a new medical manufacturing facility in Costa Rica. Helix Medical signed a leasing agreement in The Coyol Free Trade Zone and Business Park in Alajuela, Costa Rica, just outside of San José. The company will invest more than $4M in the new plant that will soon employ more than 100 people. Helix Medical expects this new facility to begin production in the first quarter of 2012.
Contract Manufacturing
MedTech Holdings reinvents as Vention
MedTech Holdings Inc. has a less generic name.
The conglomerate comprising TDC Medical Inc., Advanced Polymers Inc. and The MedTech Group Inc. is now Vention Medical.
The new branding includes the launch of a new tagline, "Advancing your innovations for health."
MedTech Holdings last month appointed new CEO Dan Croteau to succeed founder George Blank (who remains with Vention as chairman of the board).
We want your input
We’re curious to hear your comments and feedback, so we compiled a quick, five-question survey to get input from you. We thought you may be curious about how other medical device companies go about testing their products, so we plan on publishing the results in our next post.
Are you outsourcing your testing? Do you perform tests according to standards or do you create your own testing profiles? What do you need or want for a testing system? Let us know:
Steris plans to add 100 employees in Ohio
Sterilization products maker Steris Corp. (NYSE:STE) is hosting a “virtual career fair” with the hopes of hiring about 100 workers for its Mentor, Ohio, headquarters.
Most positions Steris has listed appear to be in customer service, though there are also openings in plenty of other areas: engineering, regulatory affairs, and training and development, for example.
ADMET’s Micro EP Universal Testing System
ADMET Micro EP Universal Testing System:
Acquisitions on the horizon for Edwards
Edwards Lifesciences Corp. (NYSE:EW) CEO Michael Mussallem said his company is on the lookout for acquisitions.
Mussallem said his company, the largest manufacturer of heart valves, could reach into its deep coffers to purchase smaller heart-device makers this year.
Contract manufacturers can offer testing services to increase revenue
Is the thought of test equipment being too expensive or too hard to operate, holding you back from offering this service to your customers?
When asked, will you perform the mechanical property testing of a prototype or finished product, do you refer to a 3rd party test lab? You could be generating revenue by offering testing. Many times a simple tensile test, compression test, or torsion test is all that is needed.
How to set up your business to get ready for testing.
MassDevice New Year’s Special | Brent Hudson
Brent Hudson is the CEO of technology and product development consulting firm Sagentia and his company is bearing witness to both an improving economy for entrepreneurs and a regulatory system that is becoming harder to grapple with for small companies. Cambridge, U.K.-based Sagentia opened up an office in tech-heavy Cambridge, Mass. in November; Hudson offered his predictions for an industry of whose growth he hopes to take advantage.
BridgePoint drums up $9 million
BridgePoint Medical Inc. raised $9.1 million from the sale of equity, according to documents filed with the Securities & Exchange Commission.
The Plymouth, Minn.-based company is developing balloon catheter system to treat chronic coronary and peripheral total occlusions, a condition in which clots frequently clog blood vessels.
The new round brings BridgePoint’s total fundraising over the last two months to $10 million.
Steris begins replacing flagship sterilization systems
Steris Corp. (NYSE:STE) has begun shipping the replacement to its System 1 sterilization system, as the company looks to put one of its more difficult periods in its past.
The company said shipments of the new System 1E wouldn’t have a material effect on its third-quarter financial results, but the shipments are nonetheless an important step for Steris, which has spent the last year trying to work its way back from a federal safety alert from Dec. 2009 that said the device could harm patients.
What makes an accurate universal testing machine?
Accurate mechanical testing requires not only familiarity with measurement systems, but also some understanding of the planning, execution, and evaluation of experiments. Much experimental equipment is often “homemade,” especially in smaller companies where the high cost of specialized instruments cannot always be justified. If the designer of the “homemade” equipment does not carefully consider how the design functions under test conditions, then the stress vs. strain diagram may be in error.
ACCURACY, REPEATABILITY, RESOLUTION