Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
3. Feds to investigate connected medical devices in hospitals
The inspector general’s office at the U.S. Health & Human Services Dept. plans to investigate the security of networked medical devices in hospitals, according to the HHS OIG’s work plan for fiscal 2016.
“We will examine whether FDA’s oversight of hospitals’ networked medical devices is sufficient to effectively protect associated electronic protected health information (ePHI) and ensure beneficiary safety,” according to the OIG’s work plan. Read more
2. Sientra taps medtech vet Nugent for CEO
Embattled breast implant maker Sientra said that it tapped medical device and pharmaceutical industry veteran Jeffrey Nugent to be its chairman & CEO, effective immediately.
Nugent, older brother to musician and gun-rights activist Ted Nugent, replaces CEO Hani Zeini and chairman Nicholas Simon, both of whom are slated to retain their seats on the board. Read more
1. The leadership lessons of John Brown, the man who built Stryker
For a man who took a company from $17 million in sales to a $4.5 billion publicly traded juggernaut listed at #307 on Forbes 400 billionaires, John Brown is a remarkably humble man.
He’s also, for all intents and purposes, the man who put Stryker on the map during his 32-year tenure as CEO, which stretched from 1976 to 2009. Today, the Kalamazoo, Mich.-based medical device company nets nearly $10 billion in annual sales and is considered 1 of the largest and most important orthopedic players in the world, in large part thanks to moves Brown made. Read more
