Say hello to MassDevice +5, a bite-sized view of the top five medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 5 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.
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5. How virtual and mixed reality are changing drug delivery and device design
Kai Worrell believes that virtual and mixed reality may change the way companies design medical devices, and he’s putting that idea into practice.
“We think it’s going to transform the way we do feasibility testing and cognitive walk-through simulations,” he said. “We think it’s going to help us understand the cognition of our users, clinical and the families that we’re serving.” Read more
4. Details emerge on plan to repeal, replace Obamacare
The evolving Republican plan to repeal and replace Obamacare would repeal cuts in payments to hospitals treating large numbers of uninsured patients, repeal the penalties for individuals and employers who don’t have or offer coverage and unwind changes to Medicaid made by the Affordable Care Act, according to a GOP policy paper issued yesterday.
The administration and Republican leaders yesterday said they plan to issue a full proposal after the Presidents Day break ends Feb. 27. Read more
3. Japan approves Medtronic’s Micra leadless pacemaker
Medtronic said today that Japanese regulators approved its Micra leadless pacemaker, which it claims as the world’s smallest pacemaker.
At 1/10th the size of a conventional pacemaker, or roughly the size of a large vitamin, Micra is designed to be implanted via catheter in the right ventricle to deliver single-chamber pacing. The device has an estimated 12-year battery life and is approved for full-body MRI scans. The FDA approved Micra in April 2016. Read more
2. Vascular Solutions shareholders approve $1B Teleflex takeover
The $1 billion takeover of Vascular Solutions by Teleflex is slated to close today after Vascular Solutions shareholders yesterday approved the deal.
The $56-per-share sale brings a portfolio of more than 90 coronary and peripheral vascular devices under the Teleflex umbrella. When the deal was announced last December, Teleflex CEO Benson Smith said that part of the acquisition’s appeal was that the portfolio creates synergies because it “fits into our existing strategic business unit franchises and call points.” Read more
1. Senate bill aims to streamline FDA inspections process
A bill filed this week in the U.S. Senate seeks to streamline FDA inspections of medical device manufacturers by creating a more transparent, risk-based approach applied consistently across the federal watchdog’s regional offices.
Sponsored by Sens. Johnny Isakson (R-Ga.) and Michael Bennet (D-Colo.), the bill would direct Health & Human Services Dept. secretary Dr. Tom Price to “adopt a uniform process and uniform standards applicable to inspections of domestic and foreign device establishments.” Read more
The post MassDevice.com +5 | The top 5 medtech stories for February 17, 2017 appeared first on MassDevice.
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