Medtech contract manufacturers such as Minnetronix often avoid making their own devices. But CEO Jeremy Maniak had a different idea.Minnetronix Medical (St. Paul, Minn.) is closing on its quarter-century mark, and Jeremy Maniak has been with the company more than half of that time. Promoted into the corner office in early 2020, he has some unique ideas about how to position the medtech contract manufacturer for growth over the next 25 years.
An electrical engineer who entered the medical device industry directly out of Purdue University, Maniak explained to our DeviceTalks Weekly Podcast about how Minnetronix saw an opportunity to create its own line of medical devices. It’s an unusual strategy as CMOs work for companies that also make devices, but Minnetronix sees the effort creating a new opportunity to partner with those same medical device companies.
(Check out the latest DeviceTalks Weekly Podcast with Maniak on Friday, June 25, 2021.)
Minnetronix already has established itself as a contract manufacturer with a focus on four core technologies — radio frequency, electronic magnetics, optical device, and fluid and gas management. And the company has innovated well. Its first product — the MindsEye Expandable Port for minimally invasive deep brain access — earned the “Best New Technology Solution – Surgical” award from MedTech Breakthrough, an independent market intelligence. Meanwhile, Minnetronix’s second neurovascular product is still passing through regulatory inspection.
To listen to the interview, click below.