VentureBeat recently ran a piece hailing the Quantified Self as one of the big trends of 2012. Based on self tracking, the Quantified Self movement might be characterized as "better living through self measuring" rather than the DuPont slogan "better living through chemistry."

One prominent device that exemplified this self-information-gathering trend is the Fitbit pedometer. The device not only keeps track of the number of steps a person walks but it can also estimate distance walked, calories burned, and even how well one sleeps.

Countless other examples abound: There is the iPhone ECG and non-medical device examples such as the Withings Wifi...

January 24th, 2012
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The medical device industry will continue to experience turbulence in the next decade or so, and India will be among the beneficiaries, according to Professor Balram Bhargava of the All India Institute of Medical Sciences. As noted on the medtechinsider India blog, Bhargava outlined a scenario that includes a thinning medical pipeline in the west, an exodus of manufacturing operations to India, and an ad hoc alliance of China, Israel and India joining forces to develop devices for western consumption during a lecture at Judge Business School, Cambridge University. Bhargava predicted that India is "poised to lead in a decade of frugal and affordable innovation that will impact global...

January 24th, 2012
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this week in devicesAmong stories in this edition of "This Week in Devices," EMDT's Norbert Sparrow covers further developments in l'affaire Pip—the recent breast implant scandal—and the resulting calls for more regulatory scrutiny.

  • Pip Implant Scandal: Fix What’s Broke. Then Stop. (EMDT)
  • Stryker Improves Culture, Engages Employees (Orthotec)
  • Inside the Dexcom Seven Plus Continuous Glucose Monitoring System (MED)
  • Luciano Cattani Takes Over as Eucomed Chief Executive Ad Interim (medtechinsider)
  • St. Jude Responds to Riata Summit (Massdevice)

 —Brian Buntz
 
 
 

 

January 23rd, 2012
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Who deserves the most resounding "boo hiss?" Read below and see who gets our raspberry award. If I missed one, let me know in the comments section. I also wanted to point out that being a "bad CEO" can also mean acting with integrity. See who the best "worst CEO" is for 2011.

 

 

*The Bad

 

Stryker Chairman, President, and CEO, Stephen P. MacMillan

Stryker Corp. announced plans on Nov. 10 to lay off 5% of its worldwide staff (about 1000 people) to cut costs. MacMillan said the decision was a result of “a...

January 20th, 2012
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At an AdvaMed-sponsoered event at the OneMed conference in San Francisco, Covidien CEO Joe Almeida described emerging markets as a "great attraction" for medical device companies. He, however, stressed the importance of knowing "where you are going to play in those markets. Being global doesn’t mean being all over the place," he said. "You have got have a concerted effort."

Such an effort requires a careful study of, for instance, what kind of business your firm plans on running abroad. If your firm plans on doing business in, for instance, China, carefully consider the type of hospital in which your products will be used. The type of hospital and city your products are used in has "huge implications." 

When doing business in emerging markets, medtech firms should also make sure that...

January 19th, 2012
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David DykemanMD+DI has three new features dedicated to intellectual property. The first new feature is the first in a series on the impact of patent reform on medical device entrepreneurs. The first installment, titled "What Medtech Entrepreneurs Need to Know about Patent Reform," is a question and answer session with David Dykeman (pictured on the right), patent attorney and co-chair of the IP department at Greenberg Traurig LLP. The second installment is titled "What You Should Know about Patent Reform: The Post-Grant Review Process."

A second feature, titled "...

January 19th, 2012
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The Dr. Paul Janssen Award Selection Committee is now seeking nominations of deserving individuals or a group of individuals for the 2012 Dr. Paul Janssen Award for Biomedical Research. Those interested in nominating a scientist can make a submission here.

Nominations will be accepted until February 15, 2012, and the Award will be presented in September 2012.

Each year, Johnson & Johnson awards the Dr. Paul Janssen Award to a deserving individual or group of individuals whose achievements in the field of biomedicine or medical technology have made, or have strong potential to make, a measurable impact on human health. The Award  includes a citation and prize of $100,000.  Past...

January 19th, 2012
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In February, medical device industry professionals will gather in Anaheim, CA, for the 2012 Medical Design & Manufacturing (MD&M) West trade show event. Featuring an exposition and conference, MD&M West brings together medical device manufacturers, suppliers, and industry experts for three days of networking and education at the Anaheim Convention Center. 

The two-day expo will feature qualified suppliers showcasing all the products and services OEMs need to develop innovative medical devices. Attendees can browse exhibits featuring everything from materials to components to design services. As an added bonus, an MD&M badge also gets attendees access to eight other colocated events: Electronics West, West Pack, Pacific Design & Manufacturing, Automation Technology Expo West, Sensor Tec, PlasTec West, AeroCon...

January 19th, 2012
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In December, 2011, I had a conversation with medtech pioneer Mir Imran, who explained the importance of thoroughly studying a problem in the process of innovation.

Over on MedSider, Arlen Meyers, MD, who is president and CEO of Society of Physician Entrepreneurs, echoes that advice, recommending that entrepreneurs become "problem seekers" instead of "problem solvers."

In that interview, Meyers also explains that “no one knows the [medical device] market better than the doctors.”

It is certainly true that doctors have an advantage here. For instance, one area that physician inventors are noticing is the obesity...

January 18th, 2012
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Very interesting post from Roger Ehrenberg over at MedCity News. He advises device makers to embrace the tactics opponents to the SOPA (Stop Online Privacy Act) have successfully used and apply them to battling the device tax.
Key actions that have worked for anti-privacy have been to get social and raise awareness, align with innovation, make an example, find a civil action moment, and make yourself a hero.
Most critically, however, is the question of whether these efforts will work. Ehrenberg admits it is a hard sell.
—Heather Thompson

January 17th, 2012
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