Ross Jaffe, Managing Director, Versant Ventures

Ross Jaffe, managing director at venture capital firm Versant Ventures, is very excited about neuromodulation.

In a wide-ranging discussion about the history and future about the device industry, Jaffe said that as a former clinician - he practiced medicine until the mid 1990s - he is most intrigued by the effect of electricity on the human body to manage and possibly cure diseases.

"This concept of electricity as a drug is really exciting to me personally," he said at an interview at the Medical Device Manufacturers Association in Washington, D.C., in mid April....

May 1st, 2013
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This interesting infographic from CompHealth shows who is undergoing a surgical procedure and for what. Age plays a role of course. 

For instance, 80.5 percent of people undergoing a coronary angioplasty or an atherectomy are between 75 and 84 years old. Read on for some interesting nuggets of data regarding the 48 million surgeries that are performed in the U.S.

Surgeries by Age Group - An infographic by the team at Top Surgeries Graphic - CompHealth

By Arundhati Parmar, Senior Editor, MD+DI

 

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April 30th, 2013
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At the inaugural 10x Medical Device Conference in Minneapolis, Monday, topics ranged from the medical device tax to how to look for capital in a tight funding environment, as well as strategies for rapid growth and ways to enter the Asian market.

Senator Amy Klobuchar (D-MN) and Rep. Erik Paulsen (R-MN) expressed their hope in getting the device tax repealed as part of a broader conversation about tax reform. Klobuchar said that is a great improvement from the "blank stares" she received from her colleagues when she first began to talk about a repeal of the 2.3 percent device tax.

John Eckberg, a spokesman for Cook Medical, declared that the company has shelved plans to build five factories in the U.S. because of the burden of the device tax.

In discussing how to...

April 30th, 2013
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 Medscape's Physician Compensation Report was released on Monday. How does your salary match up with a practicing surgeon? 

At the top of the food chain:

  • Orthopedic surgeons, $405,000. Up 27% since 2011. 
  • Cardiologists, $357,000. Up 13% since 2011.
  • Radiologists, $349,000. Up 1% since 2011.

At the bottom end of the scale:

  • HIV/infectious disease specialists, $170,000 . Up 12% since 2011.
  • Pediatricians, $173,000. Up 7% since 2011.
  • Family practice doctors, $175,000. Up 5% since 2011. 

And now for some surprises: Only half of respondents would choose medicine as a career again. And only 41% would choose the same specialty. About 52% feel they are unfairly compensated for their work. Even among those highly-...

April 29th, 2013
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In our latest podcast, MD+DI speaks with Robert Greenberg, CEO and founder of Second Sight, creators of the Argus II Retinal Prosthesis System. The Argus II has recently received FDA approval and will be available later in 2013. Greenberg talks about the over 20 years of development that lead to the creation of the world's first bionic eye, overcoming regulatory hurdles, and how creating the implant was like submerging a TV into the ocean and having it still work.

...
April 29th, 2013
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Like the tributes thrust into the Hunger Games arena, medical device manufacturers want a fair shot at surviving the ever-changing FDA 510(k) pathway.


By Mark DuVal

The FDA 510(k) program is beautiful and practical in its simplicity, and yet sophisticated in its ability to accommodate complexity and flexibility. It is as maligned as it is revered. But describing the nuanced process in detail is far too complex, as it requires an admixture of macro and micro politics, political philosophy being subtly carried out, and regulatory and administrative law, medicine, and science.

By putting it into a caricature using the pop culture phenomenon ...

April 29th, 2013
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Some big players in the medical device industry have taken a beating according to their earnings reports. FDA has authorized a smartphone app to help doctors monitor high-risk devices. Changes to WiFi standards could mean big improvements for medical devices.

 
Earnings Season Isn't Kind to Device Makers
 
Leading medical device firms have reported mix results this earnings season with several large players reporting falling sales or income. [The Motley Fool]
 
 
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April 26th, 2013
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The market for mobile health sensors will grow at an eye-popping 69 percent compounded annual growth rate over the next five years to $5.6 billion by 2017.

In 2012, the market was worth $407 million. That's according to mobile research firm Research2Guidance, which recently issued a new five-year report on the global mHealth market. The report also predicts that 61 million sensors will be shipped to app users in 2017.

More and more mhealth apps are using health sensors to track everything from blood pressure, heart rate, glucose level, medication compliance and many other health metrics. These sensors connect to the corresponding app via Bluetooth, WiFi or USB.

There are currently 200 external sensors on the market and they are priced anywhere from $20 to $200, the report estimates. App users can buy them either as a one-off or as part of a subscription model. 

...
April 25th, 2013
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Secant Medical Coated PGA Mesh Cell biology is more important than biomechanics or engineering design. This principle is the basis of intelligent design, which in this case refers to the idea that scientists must take the time and effort to understand the interlacing of man-made materials and natural human cell biology at the point of design.

For centuries man has approached the human body form from an engineering perspective, believing that a “parts replacement” mentality would serve our biomechanical needs with little significance—never considering the biocellular consequences of foreign material in vivo. It is only since the Industrial Revolution that modern surgery has attempted to rebuild the biophysical structure of man with advanced materials. Early in this attempt...

April 23rd, 2013
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When the future of the medical device and implant industry is discussed, a common concern is the uncertainty in supply of new workers with solid scientific or engineering training. A steady supply of well-trained young people is crucial to the continued development of the U.S. medical device industry. Universities have taken heed and are adjusting school programs to respond. They are beginning to embark on educational ventures that directly address practical applications to provide engineering and science students with the skills industry requires. One such program is the Bison Microventure (Bμv).

 

Emily Steil is a senior in Zoology, from...
April 22nd, 2013
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