President Donald Trump last evening blasted 3M (NYSE:MMM) for selling some of its N95 masks to other countries, hours after invoking the Defense Production Act to prioritize orders from the Federal Emergency Management Agency. “We hit 3M hard today after we saw what they were doing with their masks,” Trump tweeted Thursday night. “‘P Act’ all […]
U.S. ventilator manufacturing is rapidly expanding: Here’s how
Amid a shortage of life-saving ventilators amid the coronavirus pandemic, medical device companies are rapidly expanding production, trade group AdvaMed reported today. Respiratory device companies that belong to AdvaMed have boosted ventilators production to 2,000–3,000 per week — and expect to soon reach 5,000–7,000 ventilators per week. Last year, the same companies were making only […]
AdvaMed: Invoking Defense Production Act could hinder U.S. medtech imports
Forcing manufacturers to repurpose their production lines to make equipment to fight the coronavirus epidemic might actually hurt the U.S. supply of those items, the head of medtech trade group AdvaMed said today. AdvaMed officials have talked with U.S. secretary of Health and Human Services Alex Azar and FDA commissioner Dr. Stephen Hahn about medtech […]
U.S. lifts tariffs on certain medical supplies to prevent spread of coronavirus
U.S. trade officials recently exempted more than 100 medical items manufactured in China from import tariffs in an effort to fight the coronavirus outbreak, according to published reports. Cardinal Health and Medline Industries were among 27 companies with certain products that had their 7.5% tariffs lifted. Exempted products included protective masks, drapes and gowns, hand […]
AdvaMed and Biocom to produce Digital MedTech Conference together
AdvaMed and Biocom today announced a partnership to collaborate on producing this year’s Digital MedTech Conference. The partnership combines Biocom’s DeviceFest and Digital Health Conference with AdvaMed’s Digital MedTech Conference — with the conference slated to be held May 19–20, 2020 at the Millennium Biltmore Hotel in Los Angeles. “The Digital MedTech Conference is where […]
CVRx CEO Nadim Yared keeps his edge
CVRx CEO Nadim Yared has emerged as a fearless, outspoken leader in medtech. Tom Salemi, Editorial Director, DeviceTalks Throughout his career, Nadim Yared — the CEO of surging neurostimulation company CVRx — has pushed to assume new responsibilities and duties. However, during one moment in 2006, Yared adamantly refused to discuss leaving Medtronic to become CEO of […]
Medical device tax is permanently repealed
President Donald Trump has signed into law the 2020 federal spending package, which includes a provision to permanently repeal the 2.3% medical device excise tax. Trump signed off on the spending bills on Dec. 20, providing the medical device industry a win that it has sought for nearly a decade. The tax was part of […]
Permanent repeal of medical device tax headed to president’s desk
This article has been updated with comments from the Medical Alley Association and the Massachusetts Medical Device Industry Council (MassMEDIC). Both houses of Congress have now passed the 2020 federal spending package, which includes a provision to permanently repeal the 2.3% medical device excise tax. The package of eight spending bills awaits the signature of […]
Medical device tax on track for permanent repeal
A bipartisan spending bill unveiled today by Congressional leaders would permanently repeal the 2.3% medical device excise tax. The spending bill, which must pass both houses of Congress and be signed by President Trump to take effect, would fulfill the widespread wishes of the medtech industry. The tax went into effect in 2013 and has […]
Senate confirms Dr. Stephen Hahn to lead FDA
The U.S. Senate has confirmed Dr. Stephen Hahn as the next commissioner of the FDA. The vote was 72 to 18, according to a report in the New York Times. Hahn will be the first permanent commissioner of the agency since Dr. Scott Gottlieb resigned in April. President Trump nominated Hahn, the chief medical officer […]
House bill asks CMS to cover breakthrough devices for Medicare patients
U.S. Rep. Suzan DelBene (D-Wash) reintroduced a bill today to improve Medicare patient access to breakthrough medical devices. The Ensuring Patient Access to Critical Breakthrough Products Act of 2019 (H.R. 5333) would require Medicare to temporarily cover all devices approved through the FDA’s breakthrough pathway for three years, during which the Centers for Medicare and […]
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