Medtronic (NYSE:MDT) CEO Omar Ishrak said yesterday that the medtech giant is partnering with Foxconn Technology Group to manufacture ventilators at Taiwan-based Foxconn’s plant in Wisconsin to treat the sickest COVID-19 patients. In an interview with CNBC, Ishrak said he didn’t know how many ventilators the deal will produce, but said production will begin in the […]
Nortech, Minnetronix may start building ventilators
Two Minnesota medtech contract manufacturers are taking a hard look at producing ventilators, including one from the plans that Medtronic made public last week to address the coronavirus outbreak. Maple Grove-based Nortech Systems (NSDQ:NSYS) told Medical Design & Outsourcing it is seriously considering starting to produce the machines based on the design specifications of Medtronic’s Puritan Bennett 560 (PB 560) […]
Nuvectra files for Chapter 11 protection
Nuvectra (NSDQ:NVTR) announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Plano, Texas–based neurostimulation company filed the petition earlier this week in the U.S. Bankruptcy Court for the Eastern District of Texas. Nuvectra said it plans to use the court-supervised bankruptcy process to review its options […]
Minnetronix Medical picks president Jeremy Maniak as new CEO
Minnetronix Medical (St. Paul, Minn.) said today that current president Jeremy Maniak will take over as the company’s CEO in February 2020. The nine-year veteran of Minnetronix is slated to succeed the company’s founder Richard Nazarian. Nazarian founded Minnetronix in 1996 along with 3M veterans Dirk Smith and Jon Pierce, growing the medical device contract […]
BioSig lands $1M investment from Mayo Clinic
Cardiac arrhythmia-detection startup BioSig Technologies (NSDQ:BSGM) has received nearly $1 million in financing from the Mayo Clinic after working with the healthcare organization for two years. BioSig recently completed first-in-human studies at the Rochester, Minn.-based clinic aimed at validating the safety and efficacy of its Pure EP system during mapping and ablation procedures in a cardiac EP lab. Patient […]
DeviceTalks Boston: Here’s a sampling of exhibitors
Join the hundreds of people attending DeviceTalks Bostonthis week, and you’ll see dozens of exhibitors representing a strong sampling of the medical device supplier network supporting New England and the U.S. in general. Here are some examples of interesting exhibitors to see at the show>>
Minnetronix Neuro inks Neurapheresis Consortium deal with Duke
Minnetronix Medical’s Neuro division said today it joined with Duke University to co-found The Neurapheresis Consortium, which aims to accelerate the advancement of Neurapheresis Therapy intended to treat patients with diseases affecting the central nervous system. The company’s Neurapheresis therapy system is a minimally invasive platform which includes a dual lumen catheter designed to be […]
Minnetronix touts completion of Neurapheresis hemorrhagic stroke trial
Minnetronix’s Neuro division said today they completed the first trial of its Neurapheresis Therapy system exploring its use in treating patients suffering from aneurysmal subarachnoid hemorrhage. The company’s Neurapheresis Therapy system is a minimally invasive platform which includes a dual lumen catheter designed to be placed in the lumbar spine to filter contaminated cerebral spinal […]
Minnetronix rebrands, eyes neuro market
Minnetronix said today that it’s adding “Medical” to its name, unveiling a new corporate look to emphasize its focus on the neurocritical care market. Founded in 1996, the St. Paul, Minn.-based company said it’s developing a line of devices for the neurological ICU, beginning with the Neurapheresis device for treating post-aneurysmal subarachnoid hemorrhage. A first-in-human study is already […]
Medtronic expands paid family leave benefits for US employees | Personnel Moves – May 1, 2018
Medtronic (NYSE:MDT) today announced expanded paid family leave benefits which the company says will “allow for greater employee flexibility while balancing work and family priorities.” The new benefits, which went into effect today, cover full and part-time US employees and allow for a “wide range of family care leave needs,” the Fridley, Minn.-based company said. These […]
How and when to outsource product development
Sometimes, it makes sense for a medtech company to outsource product development to bring their device to market faster and more efficiently. MassDevice.com editor Sarah Faulkner spoke to Minnetronix‘s VP of business development and marketing, Jim Reed, about how and when medtech companies should consider outsourcing product development to a partner. Faulkner: How should companies […]
