Beyond their altruistic and sales goals, medical device startups generally keep an eye out for the exit. Getting there requires planning, patience and persistence, according to a couple of medtech executives who’ve been through it. Martha Shadan headed Plymouth, Minn.–based Rotation Medical, a private company sold to Smith & Nephew in December 2017, just three […]
Smith & Nephew closes $210m Rotation Medical buy
Smith & Nephew (NYSE:SNN) said today that it closed the $210 million acquisition of Rotation Medical and its regenerative shoulder repair treatment. The deal called for the British orthopedics and wound care giant to pay $125 million in up-front cash, with another $85 million on the line over the next five years in financial milestones. Plymouth, Minn.-based Rotation’s […]
Rotation Medical touts consistent healing, tear mitigation in rotator cuff study
Rotation Medical today released results from a study of its Bioinductive Implant designed for repairing rotator cuff tears, touting the device’s ability to consistently heal such tears and mitigate tear progression. Results from the 33-patient study were published in the Journal of Shoulder and Elbow Surgery, the Plymouth, Minn.-based company said. In the trial, researchers investigated […]
Smith & Nephew puts $210m on the table for Rotation Medical
Smith & Nephew (NYSE:SNN) said today that it agreed to pay as much as $210 million for Rotation Medical and its regenerative shoulder repair treatment. The deal calls for the British orthopedics and wound care giant to pay $125 million in up-front cash, with another $85 million on the line over the next five years […]
What does value mean in healthcare?
“Value” is a word that one hears a lot these days in the medical device industry and healthcare in general, but it’s hard to pin down what it exactly means. Defining what it means matters because public and private healthcare payers in the U.S. and around the world are moving away from traditional fee-for-service payments. […]
Rotation Medical release initial results for ‘bioinductive’ shoulder implant
Rotation Medical touted initial data today from the Rebuild registry of its bioinductive implant at the annual meeting of the Arthroscopy Association of North America. Interim results from the 1st 200 patients demonstrated significantly less post-operative pain and use of narcotics in patients who received the bioinductive implant, as well as less sling time, faster […]
AdvaMed unveils new tools to assess medical device value
AdvaMed today launched a new value initiative that includes extensive tables of questions to help medical device companies formulate value-based arguments. The value framework also includes tools specifically designed for diagnostic technologies, as well as report on understanding evidence and use cases. “Value” has become an important word in medtech in recent years as government and […]
Rotation Medical touts bioinductive implant in rotator cuff study
Rotation Medical touted data today from the 1st study of its collagen-based bioinductive implant in patients with large and massive rotator cuff tears. The results were presented at the American Academy of Orthopedic Surgeons in San Diego. The data demonstrated that the company’s implant induced new tissue formation in all 23 participants. “Failure of large […]
13 more women leaders in medtech
The medtech industry is increasingly gaining women leaders. Johnson & Johnson and Medtronic have a handful of women in positions of power, which is a step forward for women considering that only 4% of healthcare CEOs are women. Keeping with the theme of March’s Women’s History Month, here are 13 more women leaders in medtech that we […]
What it’s like to be a woman in the corner office: A DeviceTalks podcast
There’s an old saying that Ginger Rogers did everything Fred Astaire did, except she did it backwards and in high heels. For Nancy Briefs, Deborah DiSanzo and Martha Shadan, that’s a reality they know all too well, having each made the journey from the entry-level ranks of the medtech industry to the corner office of […]
Firms in Minnesota’s Medical Alley raised $117m in Q3
Firms in Minnesota’s Medical Alley raised $117 million during the 3rd quarter, bringing their total year-to-date funding to $335.8 million, the trade group reported today. Medical Alley, which rebranded from LifeScience Alley in January, reported that 77 companies from the region completed funding rounds in 2016, matching 2015’s numbers between the 1st and 3rd quarters. “Medical Alley continues to […]
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