The Medtech Association is hosting its inaugural MedTechIDEAS Summit on May 31 in Skaneateles Falls, N.Y. The event will take place at 11 a.m. until 5:30 p.m. at the Lodge at Welch Allyn. The MedTechIDEAS Summit is a quarterly conference series that presents a “big idea” in healthcare from an industry thought leaders while delivering competence-focused […]
Minnesota 2.0: Can this major U.S. medical device cluster become a healthcare innovation hub?
Minnesota has the institutions and the talent to transform healthcare in the U.S. The question is whether the money will follow. RxFunction makes wearable devices called “Walkasins” that help people with chronic health conditions prevent falls that can lead to serious injury. It took eight painstaking years, though, before the Eden Prairie, Minn.-based startup secured […]
Stericycle reports mixed results for Q1
Medical and hazardous waste disposal and compliance company Stericycle (Nasdaq: SRCL) this evening reported mixed results for its first quarter ended March 31: Adjusted earnings per share beat the Street, but organic revenue was slightly down. Lake Forest, Ill.–based Stericycle earned $21 million, or 25 cents per share, during the first quarter, down from about […]
Southeastern U.S. lifescience groups form alliance
Seven Southeastern U.S. life science and medtech groups are joining forces to better promote and advocate for the region. The Southeastern Medical Device Association (SEMDA) on Wednesday announced the formation of an alliance with six individual state medtech and life science advocacy groups: BioAlabama, Bio Florida, Georgia Bio, ncbio, Life Science Tennessee and SCBIO. “Industry […]
20 medical device startups you need to know
There’s a lot of excitement these days around digital health. But there are actually many medical device startups out there in other spaces that continue to push the overall boundaries of medtech. From neuromodulation to drug delivery, surgical robotics and more, here’s a roundup of 20 medical device startups catching the eye of Medical Design […]
Trump tariffs would take a $5B bite out of the medical device industry
The U.S. medical device industry could come out as a major loser if the Trump administration ends up fighting a trade war with China, according to experts following the situation. Out of the $50 billion in tariffs against imported Chinese goods that the U.S. Trade Representative is proposing, $5 billion involves medical device and technology […]
RxFunction raises $7.5 million for its wearable sensory prosthesis
Medical wearable startup RxFunction (Eden Prairie, Minn.) announced today that it has raised $7.5 million in Series A funding as it prepares for market launch of its Walkasins wearable sensory prosthesis. The round, which surpassed RxFunction’s initial $5 million funding goal, was led by Edina, Minn.–based Cedar Point Capital, a boutique investment banking firm. The […]
Oberg Industries buys X-L Engineering
Oberg Industries, a full-service contract manufacturer of precision machined and stamped components near Pittsburgh, said today that it has purchased Niles, Ill.– based X-L Engineering Corp. and its precision manufacturing business. Financial terms of the deal were not disclosed. Originally founded in 1943 as a grinding services business, X-L is based 14 miles northwest of Chicago, with […]
This new technique could make TAVR more available
A novel technique could prevent coronary artery obstruction — a rare but often fatal complication related to transcatheter aortic valve replacement (TAVR), according to the National Institutes of Health researchers who created it. The researchers at NIH’s National, Heart, Lung, and Blood Institute are calling the procedure Bioprosthetic Aortic Scallop Intentional Laceration to prevent Iatrogenic Coronary Artery obstruction (BASILICA). […]
ResMed is disrupting connected health: Here’s how
Here’s how a respiratory firm took control of the connected health and the medtech digital revolution. When you think powerful digital connected devices, the first thing to pop into your head probably isn’t a CPAP. Continuous positive airway pressure has been shown in numerous studies to be effective in improving sleep apnea and preventing a […]
7 digital health startups you need to watch in 2018
If you want to see where the big money is going in healthcare these days, digital health products are the place to look. Digital health startups raised $11.5 billion in 2017, up 27 percent over 2016, according to the StartUp Health Insights Year End Report. Digital health startups are doing everything from enhancing patient-provider relationships to […]
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