Covidien described its new Puritan Bennett 980 ventilator as “simple, safe, and smart” when it won regulatory approval in the U.S. and Europe in early 2014. But half a year later, it is now the subject of a Class I-level recall ...
Just a month after Dutch electronics giant Philips said it would separate its healthcare and lighting businesses, German industrial conglomerate Siemens has announced a similar strategy. Siemens CEO Joe Kaeser announced Thursday that ...
Tags: Siemens, Healthcare Business, Medical Device
More than ever before, automation and assembly go hand in hand (or gripper to gripper)—even at small-scale, low-volume production levels. The quest for higher efficiencies and cost savings is driving manufacturers to add consistency ...
Tags: Automation, modular automation
Recent disappointing results for ventricular assist device companies are raising questions over adoption of the technology—which is meant to assist patients’ weakened hearts with pumping blood. HeartMate II, as shown on ...
Hospira continues to struggle with serious problems related to its GemStar Infusion System and its accessories. The latest bad news came Wednesday, when the FDA designated a recall of the GemStar Power Supply, 3VDC, as Class I. The ...
China will become the world's second-largest medical technology market with a value of $55 billion by 2020, The Boston Consulting Group said in a report released on Wednesday. The medtech market, including instruments and equipment, ...
Tags: medical technology, medical device
Since Medtronic can’t dip into its considerable foreign cash reserves to buy Covidien, it plans to raise $16 billion domestically toward the $43 billion purchase. Wall Street is not pleased. In a filing late last week with the U.S. ...
Tags: Medtronic, Covidien, Medical Device
Innovative laser technology has become the preferred solution for marking medical devices as it enables medical device manufacturers to overcome marking challenges. Particularly zero-defect laser marking plays an increasingly important ...
Tags: Laser, Medical Device
MedVenture Technology Corporation, a medical device design and manufacturing company and part of Helix Medical, announces the expansion of its operations into Costa Rica. Helix Medical Costa Rica is now under the leadership of MedVenture ...
Thoratec Corp. has replaced CEO Gary Burbach with the man who previously led the company for a decade. New president and CEO Keith Grossman served in those roles at the Pleasanton, CA–based company from 1996 to 2006, when Burbach ...
Posted in Medical Device Business by Qmed Staff on September 23, 2014 The House of Representatives has passed a bill that would repeal the medical device tax. The repeal was included within H.R. 4: Jobs for America Act, which the website ...
Tags: House, Tax Repeal
Expandable Software, Inc., a leading provider of integrated business management systems for growing medical device and high tech manufacturers, announced today the introduction of Expandable CRM, a web-based sales force automation and ...
Tags: Electrical, Electronics, CRM Modules
Applied Silicone Corporation,a global supplier of long term implantable silicones for the medical device and critical healthcare market, introduces a high strength, responsive silicone gel for the implantable medical device market. The ...
Advanced Molding Technologies Recent growth and increased regulation in the Medical Device industry are continuing to drive the need for additional resources in the Quality Department at Advanced Molding Technologies. Led by FDA and ISO ...
Tags: Medical Device, FDA, ISO
This year is proving to be a pretty good year for many medtech companies. The majority of the largest 40 have seen their stock prices rise by double-digit percentages in 2014, according to a Qmed analysis. Meanwhile, only eight have seen ...
Tags: Medtech Companies, Medical device