dimecres, 30 de setembre del 2015

Hospi Corporation receives European regulatory approval for novel medication administration device

hospi corporationHospi Corporation, a patient-centric medical device company, announced that it has received CE Mark approval— Conformité Européenne, which is required for sale of medical products in the EU and other international countries—for the company’s flagship product, the Macy Catheter.  Hospi also received ISO 13485 Certification, demonstrating that its quality systems conform to world-class standards.

“These developments support our plans to broaden distribution of the Macy Catheter and our continued commitment to quality,” said Igal Ladabaum, CEO at Hospi. “The CE Mark approval is an important milestone and we’re thrilled to be able to bring the many benefits of the Macy Catheter to patients and providers in Europe.  As a medical device innovator and manufacturer, we take quality very seriously and we are very pleased with the recognition that ISO 13485 certification provides.”

The innovative Macy Catheter is the only device designed solely for ongoing rectal delivery of medications and fluids.  It offers clinicians and caregivers an easy, discreet, and comfortable alternative to oral or intravenous (IV) administration in a variety of settings when patients are unable to swallow.  The Macy Catheter received Food and Drug Administration (FDA) clearance in 2014 and is being used by hospice and palliative care organizations throughout the United States.  More recently, published research has demonstrated that the Macy Catheter can be effectively used in the emergency room and intensive care unit settings.

“While we focus our direct commercial efforts in the United States, we look forward to working with distribution partners in Europe and other markets where the CE mark is required,” said Ladabaum.

Hospi Corporation
www.hospicorp.com

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SpineGuard wins CE Mark approval for DSG platform

SpineGuard SpineGuard  (EPA:ALSGD) said today it won CE Mark approval in the European Union for its DSG threaded drill system designed to eliminate the need for probe drilling during pedicle screw placement.

The DSG system includes a DSG cannulated threaded drill, DSG pin with proprietary DSG bipolar sensor embedded and a DSG handle assembly which reads and translates signals from the sensor, the company said.

“This novel application of our DSG technology is the fruit of a close collaboration between our R&D team and our expert consulting surgeons. In line with healthcare systems expectations, SpineGuard continues to bring to market disruptive products designed to enhance the safety and efficiency of surgical procedures,” CTO Stéphane Bette said in prepared remarks.

The company said the DSG threaded drill had been used in its 1st surgery, a thoraco lumbar scoliosis correction, in Lille, France’s Centre Hostpiatlier Universitaire by Dr. Richard Assaker.

“As a long-standing user of PediGuard probes, I find that this smart threaded drill is a useful technical improvement. It allows to prepare the entry point, redirect the trajectory when needed and remain in cancellous bone. If appropriate, we can also cross the cortical wall with a very high level of precision, ” Assaker said in a press release.

In June, Spineguard said it received Chinese clearance to sell its Pediguard, a handheld surgical device designed to help guide proper spine screw placement.

The spine market in China is the 2nd-largest behind the U.S., the Vincennes, France-based company said, and is projected to be worth more than $1 billion by 2019.

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MassDevice.com +3 | The top 3 medtech stories for October 1, 2015

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Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 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.

 

3. QT Vascular claims victory in patent spat with Spectranetics

MassDevice.com news

QT Vascular said it prevailed in a court case brought against it by Spectranetics subsidiary Angioscore over patent infringement issues with QT Vascular’s Chocolate PTA balloon catheter.

After a 7-day jury trial in the U.S. District Court for the Northern District of California, the jury ruled that QT Vascular’s Chocolate catheter did not infringe on any of the asserted claims brought against it, and claimed that certain claims of the asserted patent are invalid. Read more


2. Bard acquires full ownership of Kobayashi joint-venture Medicon

MassDevice.com news

C.R. Bard said it agreed to fully acquire ownership of Osaka, Japan-based Medicon from its joint-venture partner Kobayashi Pharmaceutical Co.

The 2 companies have operated Medicon, which produces medical equipment and devices in the fields of urology and gastrointestinal medicine, since 1972. Read more


1. Haemonetics CEO Concannon steps down

MassDevice.com news

Haemonetics said its CEO Brian Concannon resigned to pursue other opportunities and will be replaced by board member Ronald Gelbman, who will serve as interim CEO.

The company said Concannon will remain with Haemonetics through the end of October to “ensure a seamless transition,” while the board searches for a permanent replacement. Read more

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Avita Medical reels in $53.9m from BARDA

Avita MedicalAvita Medical (ASX:AVH) said yesterday it won $53.9 million in contracts from the Biomedical Advanced Research and Development Authority for development and procurement of Avita’s ReCell autologous cell harvesting device.

The 5-year contract will provide an initial $16.9 million to support the company’s pursuit of FDA premarket approval for its ReCell device, and to procure more than 5,000 of the devices to establish an inventory to handle mass casualty scenarios that involve burn injuries, Avita Medical said.

“Securing this contract from a U.S. federal agency is a momentous milestone. US authorities have conducted a detailed evaluation of our technology and this contract further validates the opportunity afforded by our unique regenerative medicine. Further, this deal highlights the importance of preparedness for mass casualties. We look forward to meeting BARDA’s criteria for large-scale product delivery,” CEO Adam Kelliher said in a press release.

Under the contract, Avita also has the opportunity to receive up to $37 million upon execution of specific contract options to further support clinical studies and post-market surveillance that could be potentially required by the FDA to expand the device to the pediatric population, the company said.

The contract also provides BARDA with “surge capacity”, according to Avita, which would allow the department to stockpile up to 25,000 of the devices.

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STERIS Isomedix Services to add small volume ethylene oxide processing in California

Steris logoSTERIS Isomedix Services is pleased to announce the expansion of its existing Temecula, California ethylene oxide sterilization facility to include small volume processing.

The expansion will add four small ethylene oxide chambers of various sizes to the existing medium-sized chambers already in use at the Temecula facility. “With the addition of small-volume processing, we are better positioned to support the processing needs of both established medical device manufacturers and regional startup firms,” comments Thad Wroblewski, vice president of sales for STERIS Isomedix Services. “Not only are we able to offer Customers a variety of chamber sizes, the new equipment includes specialty processing options such as low temperature cycles, parametric release and EOExpress® expedited processing.”

In addition to the new chambers, the facility has also updated its existing ethylene oxide processing equipment, including the boilers and chillers. The new chambers will be operational in early 2016.

STERIS Isomedix Services
www.isomedix.com

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Haemonetics CEO Concannon steps down | Personnel Moves

MassDevice.com Personnel Moves

Haemonetics (NYSE:HAE) said yesterday its CEO Brian Concannon resigned to pursue other opportunities and will be replaced by board member Ronald Gelbman, who will serve as interim CEO.

The company said Concannon will remain with Haemonetics through the end of October to “ensure a seamless transition,” while the board searches for a permanent replacement.

“Ron’s intimate familiarity with Haemonetics’ business and vision, his decades of experience in the healthcare industry, and proven leadership track record make him an ideal and natural choice for Interim CEO.  Haemonetics has an incredibly deep bench of talent, and Ron’s expertise and guidance will support our efforts to usher in a new phase of growth.  I’d like to thank Brian for his contributions over the past 12 years, and we wish him the best in his future endeavors,” board chair Richard Meelia said in prepared remarks.

Concannon joined Haemonetics in 2003 to head its patient division and was promoted to COO in 2007 and CEO in 2009.

“During my 15 years as a member of its board, I have had the privilege of supporting Haemonetics’ evolution, and I am looking forward to leveraging my industry experience as I work with this world-class team in this new capacity.  I am fully committed to ensuring a completely seamless transition and continuity in leadership as we work to identify and onboard a permanent replacement for the CEO role,” Gelbman said in a press release.

Gelbman joined Haemonetics board in 2000, and previously worked for Johnson & Johnson (NYSE:JNJ) as a senior executive, the company said.

 Evolent Health CAO Cann steps down
Evolent Health said last week its chief accounting officer Cynthia Cann has resigned and will be replaced by Lydia Stone, who will serve as interim CAO. Cann will stay on to consult with Evolent through the end of the 3rd quarter, the company said.
Read more

 Voalte lures Siemens exec Friel
Sarasota, Fla.-based mobile healthcare communication company Voalte said it tapped ex-Siemens Healthcare HIT veep Sean Friel as its new senior veep of sales and marketing.
Read more

 Baxter appoints Third Point’s Islam to board, inks voting, board deal
Baxter (NYSE:BAX) said it appointed investment advisory firm Third Point‘s Munib Islam to its board, as well as an unnamed independent director. The company also inked a deal with Third Point that includes standstill and voting provisions and a commitment to declassify the company’s board.
Read more

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QT Vascular wins patent spat with Spectranetics

Spectranetics, QT VascularQT Vascular said it prevailed in a court case brought against it by Spectranetics (NSDQ:SPNC) subsidiary Angioscore over patent infringement issues with QT Vascular’s Chocolate PTA balloon catheter.

After a 7-day jury trial in the U.S. District Court for the Northern District of California, the jury ruled that QT Vascular’s Chocolate catheter did not infringe on any of the asserted claims brought against it, and claimed that certain claims of the asserted patent are invalid.

“Although we are disappointed by the jury’s verdict, we are pleased this paves the way for entry of the judgment against the defendants in the breach of fiduciary duty portion of this case. This verdict has no bearing on our leadership position in the scoring balloon market, our commercial execution or future pipeline,” Spectranetics CEO Scott Drake said in prepared remarks.

Spectranetics said the verdict has “no impact on the Court’s findings or award of damages in connection with the breach of fiduciary duty claims or the ability to recover advanced fees and costs,” and that the patent spat was merely a part of a previous lawsuit, which Spectranetics won earlier this year.

In July, Spectranetics’ AngioScore won a $20 million judgment against co-founder and former board member Eitan Konstantino, after a federal judge ruled that Konstantino violated his duties to AngioScore when he started TriReme Medical, Quattro Vascular and QT Vascular.

AngioScore, which Spectranetics acquired last year for $230 million, accused Konstantino of breaching his fiduciary duties to AngioScore by developing the TriReme’s Chocolate balloon catheter, which competed directly with AngioScore’s AngioSculpt balloon. The Chocolate device won 510(k) clearance from the FDA in June 2014. The lawsuit, filed in June 2012 in the U.S. District Court for Northern California, also accused TriReme, Quattro and QT Vascular (SGX:5I0) of abetting in Konstantino’s alleged breaches.

Judge Yvonne Gonzalez Rogers agreed July 1, ordering Konstantino to disgorge $250,000 received for licensing the Chocolate rights and a 2.85% royalty on sales of the device. Gonzalez Rogers also ordered Konstantino to cough up his roughly 15 million shares in QT Vascular, which were worth about $2 million at their July 2 closing price of ¢13.5 (0.182 SGD), and any profits gleaned from sales of the stock and any remuneration from consulting on the Chocolate device.

The judge also awarded nearly $3.0 million in lost profits and another $17.1 million in future lost profits to AngioScore on future sales from 2014 through the 2nd quarter of 2019. The news sent QT Vascular shares plunging some -36.3% in Singapore, to a SGD 11.6¢ close July 8.

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Monteris touts laser ablation study data

Monteris MedicalMonteris Medical said yesterday that data from a new study of its NeuroBlate minimally invasive robotic laser thermotherapy tool showed improved outcomes for patients undergoing procedures with the device.

The findings were presented at the Congress of Neurological Surgeons annual meeting in New Orleans.

The NeuroBlate system is an FDA-cleared device designed to ablate, necrotize or coagulate soft tissue during neurosurgery procedures through laser thermotherapy, and is not intended for any specific disease or lesion type, the company said.

“To date, limited data have been available on brain tumor patients that received MRI-guided laser ablation. This multicenter study, which also included cases from Washington University in Saint Louis and Yale-New Haven Hospital, is the largest series of laser ablation for patients with newly diagnosed glioblastoma lesions ever conducted and shows that NeuroBlate has an impact on both overall and progression-free survival on patients after surgery. While additional prospective studies are warranted, these preliminary findings are encouraging,” neurosurgeon Dr. Alireza Mohammadi said in prepared remarks.

A study of the device, used to treat glioblastomas in 22 patients who had not received prior radiation or chemotherapy, found extent of coverage for 10-minute and 2 minute thermal-damage procedures to be 91% and 94%, respectively.

In a separate study, the New Orleans-based company said the NeuroBlate SideFire directional laser was used successfully in its 1st ablation of the hippocampus and amygdala.

“While brain structures with regular shapes can be readily targeted with laser therapy, complex structures have historically posed a challenge with this modality. A directional laser enabled contouring in the hippocampus and amygdala, regions that would otherwise be difficult to ablate. These findings, while preliminary, help lay the foundation for maximally precise, minimally-invasive lesioning of targets in the brain including tumors, seizure foci and low-flow vascular lesions,” study author Dr. Joseph Neimat said in a prepared statement.

The device was cleared by the FDA in April, 2013, the company said, and is used in more than 22 institutions in the U.S.

“We are encouraged by the growing body of scientific evidence supporting the use of NeuroBlate as a minimally invasive tool to ablate brain lesions. We are grateful to our clinical collaborators for advancing these studies and presenting their findings at this important scientific forum,” CEO John Schellhorn said in a press release.

Last November, Monteris Medical said a pair of new backers joined a $30 million Series B round it planned to use to expand the commercial footprint of its NeuroBlate robotic brain tumor laser.

Plymouth, Minn.-based Monteris said the round was led by new investor Birchview Capital and included another new party, The Vertical Group, and existing backer BDC Capital Healthcare Fund.

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Cook Medical launches Advance salivary balloon catheter

Cook MedicalCook Medical said Monday it launched the Advance salivary duct balloon catheter designed to dilate structures in the submandibular and parotid salivary ducts.

The device is the Bloomington, Ind.-based company’s 1st high-pressure balloon specifically for salivary duct intervention.

“Stenosis of the salivary ducts can significantly impact a person’s quality of life. There is a clear unmet clinical need for more effective minimally invasive treatment options for salivary duct strictures. We are proud to provide clinicians with the Advance salivary duct balloon catheter set to help treat patients in the area of sialendoscopy,” Cook OHNS division global leader Thomas Cherry said in prepared remarks.

The device set contains a hydrophilic-coated balloon catheter and a wired guide, and controlled inflation of the device allows dilation of strictures in affected salivary ducts.

Earlier this month, Cook said it won premarket approval from the FDA for its Zenith Alpha thoracic endovascular stent graft designed for patients with isolated lesions of the descending thoracic aorta.

The approval came based on 2 pivotal clinical trials examining the safety and effectiveness of the graft in patients with aortic aneurysms or ulcers or with blunt traumatic aortic injuries, Cook said.

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AtriCure launches CryoForm cryoablation probe

AtricureAtriCure (NSDQ:ATRC) said today it launched the CryoForm cryoablation probe for use in cardiac ablation procedures, such as atrial fibrillation.

The CryoForm includes the ability to remove heat and actively defrost, which allows the operator to safely detach the device while maintaining internal tissue’s frozen state, the West Chester, Ohio-based company said.

“We are excited to announce the launch of the CryoForm probe. This builds off of one of our company’s core competencies in cryoablation, and offers our customers another option when performing surgical ablation by allowing for easier manipulation and application of the device. We have listened to our customers’ requests for a significantly more flexible probe that doesn’t compromise on the core strengths and features they value most,” CEO Mike Carrel said in prepared remarks.

AtriCure said the device is “intended to address the trend towards minimally invasive techniques in cardiac surgery,” and to be used in conjunction with other cardiac therapies, such as mitral and aortic valve repair.

“The CryoForm probe works well in MI-MVR procedures and allows me to easily shape and position the probe inside the LA using endoscopic instruments. The probe is a great addition to the cryoICE family that I can rely on for fully transmural lesions,” Dr. Nicolas Doll of Stuttgart, Germany’s Sana Herzchirugie said in a press release.

The CryoForm device has received CE Mark approval in the European union and has regulatory clearance pending with the FDA, the company said.

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Bard acquires full ownership of Kobayashi joint-venture Medicon

C.R. BardC.R. Bard (NYSE:BCR) said today it agreed to fully acquire ownership of Osaka, Japan-based Medicon from its joint-venture partner Kobayashi Pharmaceutical Co.

The 2 companies have operated Medicon, which produces medical equipment and devices in the fields of urology and gastrointestinal medicine, since 1972.

“As the growth opportunities in Japan evolve, we believe it is time to enhance our presence in the third largest healthcare market in the world. We want to thank our partners at Kobayashi for the more than 40 years of cooperation in building this business together, and we look forward to welcoming the Medicon team as full members of the Bard family,” Bard CEO Timothy Ring said in prepared remarks.

Bard said it expects the purchase to add $40 million to 2016 net sales for the company and for the transaction to be neutral for adjusted earnings-per-share outlooks for the 4th quarter 2015 and the full year 2016, but the impact of foreign exchange will reduce earnings per share by approximately 5¢ for 4th quarter 2015 and 20¢ for fiscal year 2016.

Upon closing, Bard will pay $25 million (¥3 billion) to Kobayashi for Medicon, and provide annual payments each year through 2024, providing a total of $93.2 million (¥11.2 billion) for the acquisition.

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ClarVista wins CE Mark for Harmoni modular intraocular lens

ClarVista Medical

California startup ClarVista Medical said Monday it won CE Mark approval in the European Union for its Harmoni modular intraocular lens designed to correct aphakia in adult patients who have had a cataractous lens removed.

The modular intraocular lens is designed to reduce residual postoperative refractive error at either the time of primary surgery or 3-months post-operatively, the Aliso Viejo, Calif.-based company said.

“While these are noteworthy regulatory milestones achieved by ClarVista, this news is also of great significance for physicians and patients around the world who seek optimum vision after cataract extraction. Despite significant innovation in instruments that safely remove the cataract from the eye, the fundamental IOL design has not changed in more than five decades.  Today’s IOLs are simply no longer able to meet the high expectations of patients and physicians.  There is significant unmet need for an advanced IOL system that can satisfy the visual needs of patients around the globe.  We designed this system to be easily and safely exchangeable without manipulation of the delicate capsular bag and this feature, by itself, will deliver great value to the market.  However, we think we can go well beyond that and have shown the promise to more accurately hit refractive targets after initial implantation of the Harmoni Modular IOL system. Early data also point towards significant reduction in the development of secondary cataracts, a common reason for deteriorating vision post-operatively. We are also working hard on adding further value to our platform technology. The Harmoni Modular IOL system really has the opportunity to disrupt the $3B global market for IOLs,” co-inventor Dr. Malik Kahook of the University of Colorado said in a press release.

ClarVista said that in addition to receiving CE Mark approval, it also received ISO 13485 certification.

“CE Mark approval and ISO 13485 certification are very important milestones for us and validate the dedication of the entire ClarVista team to deliver innovative products of the highest quality.  These milestones are an important part of achieving our vision of having the HARMONI Modular IOL system be the ophthalmologist’s first choice for every cataract patient,” CEO Paul McLean said in prepared remarks.

In May, ClarVista said it raised a $14 million Series B round for development of its intraocular lens replacement. Cycad Group and Windham Venture Partners co-led the round, along with existing investor New Enterprise Associates, ClarVista said.

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PAD: Intact Vascular wins IDE for Tack endo repair

Intact VascularIntact Vascular said today it won FDA Investigative Device Exemption for a clinical trial of its Tack endovascular system for patients with peripheral arterial disease undergoing percutaneous angioplasty.

The Tack endovascular system is designed to repair dissections that occur as a complication of balloon angioplasty. The system allows operating physicians to repair dissections with only a small amount of foreign material in the artery, Wayne, Penn.-based Intact Vascular said.

“The earlier Toba experience demonstrates that the long term results from angioplasty can be substantially improved if we repair arterial dissections using this new approach to minimize vessel trauma while leaving as little metal behind as possible. The Tack implant supports the dissection and allows the vessel to heal, while preserving future treatment options for patients. I am very excited that the Toba II trial will allow us to study this technology in combination with both standard and drug-coated angioplasty balloons – a 1st of its kind study design. No other vascular implants have been methodically studied following vessel treatment with a drug-coated balloon,” principal investigator Dr. William Gray of Columbia University Hospital said in prepared remarks.

The Toba II trial is slated to enroll 210 patients at 30-40 sites across the U.S. and Europe, the company said, and the 1st patients in the trial have already been enrolled at the Yuma Regional Medical Center, the company said.

“This new approach of spot treating dissections supports our desire to leave as little metal behind as possible. The Tack implant is also uniquely designed to adapt to the diameter of the vessel in which it is implanted, unlike stents, which have to be specifically sized to the vessel. This makes the procedure fast, flexible and user-friendly for the hospital staff and the operator to efficiently treat our patients,” Dr. Joseph Cardenas of the Yuma Regional Medical Center said in a prepared statement.

Patients in the study will be treated with the company’s Tack endovascular system following a standard balloon or drug-coated balloon angioplasty in the superficial femoral and proximal popliteal arteries in cases where a dissection, or tear in the artery wall, occurs, the company said.

“We are thrilled by the enthusiasm and responsiveness of our clinical investigators, particularly Dr. Cardenas and his team at Yuma. The rapid commencement of this trial highlights the clinical need for a better method to repair arterial dissections and the keen interest clinicians have shown in a minimal metal solution to this growing problem,” CEO Bruce Shook said in a press release.

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FDA announces first-ever patient engagement advisory committee

FDA VoiceBy: Nina L. Hunter, Ph.D., and Robert M. Califf, M.D.

Although it may seem odd in retrospect, the development of new technologies intended to improve patients’ lives has largely relied upon expert opinions rather than asking patients and families directly what they consider most important.

But that’s changing. We are entering an era of “patient-centered” medicine in which patients and their care partners participate actively in decision-making and priority-setting about all aspects of health care. Americans are becoming increasingly active consumers of health care, making choices about their doctors, diagnostics, treatments, and healthcare experiences rather than simply allowing health care providers to make the decisions for them. Moreover, FDA believes that patients can and should bring their own experiences to bear in helping the Agency define meaningful benefits or unreasonable risks for certain new devices.

Today we are excited to announce FDA’s first-ever Patient Engagement Advisory Committee (PEAC). This body will provide advice to the FDA Commissioner on a range of complex issues relating to medical devices, the regulation of devices, and their use by patients. It will give FDA the opportunity to obtain expertise on various patient-related topics, with the goal of improving communication of benefits and risks and increasing integration of patient perspectives into the regulatory process. Some questions that the PEAC may discuss include where and how best to engage patients across the device development and assessment lifecycle as well as how FDA and sponsors should communicate patient preference information to patients. The PEAC represents a new and exciting opportunity to foster patient partnerships with FDA, and it complements other efforts at FDA to bring the patient into the medical device regulatory process. This includes studies to evaluate patient preferences in medical devices and a recently published draft guidance on patient preference information for PMAs, HDE applications, de novo requests, and inclusion in device labeling that describes how patient tolerance for risk and perspective on benefit, in addition to clinical data and other information, may be considered in FDA’s assessment of the benefit-risk profile of certain devices. While it’s important to consider patient perspectives, we understand that patients still expect FDA to do our primary job — namely, ensuring the safety and effectiveness of FDA-regulated medical devices. This is primarily accomplished at FDA through regulation at the Center for Devices and Radiological Health and the Center for Biologics Evaluation and Research. When assessing whether valid scientific evidence shows that a device’s probable benefit outweighs its likely risks, FDA may consider rigorous, systematically gathered patient preference information as a part of the totality of the evidence from clinical and nonclinical testing. However, patient preference information will not be used to justify approval of unsafe or ineffective devices: if FDA determines the device would expose patients to an unreasonable or significant risk of illness or injury, or that the benefits do not outweigh the risks for a defined target population, FDA would not approve such a device.

When is patient preference information most useful? These data can be used in several major ways:

  • to help identify the most important benefits and risks of a technology from a patient’s perspective;
  • to assess the relative importance to patients of different attributes of benefit and risk, and clarify how patients think about the tradeoffs of these benefits and risks for a given technology; and
  • to help understand how patient preferences vary across a population.

As part of the Patient Preference Initiative and other activities to better integrate patient views into our decision-making, FDA is working with others to advance the science of patient input. We will discuss these extensive partnerships in an upcoming FDA Voice blog.

FDA’s sharpened focus on patient-centered technology development, evaluation, and use has already begun to positively affect the development of innovative therapies and clinical solutions. These efforts are helping to drive a more patient-centered medical product development and assessment process. We’re excited to invite the patient, industry, and academic communities to join in and help us accelerate this important work.

FDA Voice Nina HunterNina L. Hunter, Ph.D., is a Regulatory Scientist in FDA’s Center for Devices and Radiological Health, currently on detail as a Special Assistant for Medical Policy to the Office of Medical Products and Tobacco.

 

FDA Voice Robert CaliffRobert M. Califf, M.D., is FDA’s Deputy Commissioner for Medical Products and Tobacco.

 

 

 


The opinions expressed in this blog post are the author’s only and do not necessarily reflect those of MassDevice.com or its employees.

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dimarts, 29 de setembre del 2015

MassDevice.com +3 | The top 3 medtech stories for September 29, 2015

plus3-1x1

Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 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.

 

3. House advances reconciliation bill to dismantle Obamacare

MassDevice.com news

The U.S. House of Representatives Committee on Ways and Means said yesterday it is advancing legislation targeting the Affordable Care Act with a provision to repeal the medical device tax.

The legislation will operate through a budget tool known as “reconciliation” which will allow the bill to pass through the senate with a simple majority vote. Previous bills looking to dismantle the act and repeal the device tax have failed to overcome the senate’s 60-vote threshold. Read more


2. Boston Scientific launches Captivator EMR device

MassDevice.com news

Boston Scientific said it launched the Captivator endoscopic mucosal resection device designed as a minimally-invasive alternative to esophagectomy procedures.

The Captivator allows for staging and removal of precancerous tissue and early esophageal cancer in the upper gastrointestinal tract, the Marlborough, Mass.-based company said. Read more


1. Medtronic ponies up $500M to free up $9B in cash

MassDevice.com news

Medtronic said it underwent internal restructuring after its $50 billion merger with Covidien that resulted in a 1-time charge of approximately $500 million in income tax to the U.S, according to an SEC filing.

As a result, the company has freed up approximately $9.3 billion in assets previously held by U.S.-controlled subsidiaries that exist outside the country, according to the SEC filing. Read more

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Smith & Nephew launch new dissolvable nasal splint

Smith & Nephew

Smith & Nephew (NYSE:SNN) said yesterday it launched the Nasastent dissolvable structural intranasal splint designed to minimize bleeding and prevent post-op adhesions after sinus surgery.

The implant is composed of plant-based caboxymethyl cellulose that provides support to hold the soft nasal tissue in place and pressure to prevent bleeding.

The Nasastent eventually converts into a hydrocolloidal gel after absorbing nasal fluid and drains from the patient naturally, the London-based company said.

“Smith & Nephew is committed to innovation that improves both the patient and the physician experience and is proud to offer pioneering technologies such as Nasastent within our leading specialist ENT surgical portfolio,” ENT and gynecology general manager Mira Sahney said in prepared remarks.

The Nasastent is 6-times stronger than its leading competitor and provides “significantly higher tissue separation force over a variety of simulated nasal cavity gaps,” according to Smith & Nephew.

In July, Smith & Nephew said it acquired Russia’s DeOst group, which makes and distributes trauma and orthopedic devices, for an undisclosed amount.

DeOst has distributed the British healthcare giant’s products in Russia since 2009, Smith & Nephew said. Smith & Nephew said it’s taking on about 350 DeOst employees in the deal.

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Aethlon Medical extends DARPA contract

Aethlon looks to future IDE, slims losses on Q1 reportAethlon Medical (OTC:AEMD) said today it extended its contract with DARPA to develop a device to reduce the incidence of sepsis, a commonly fatal infection encountered by combat-injured soldiers.

The contract with DARPA was originally inked in September 2011 and has been extended to its 5th year with Aethlon, the company said. The reward is a fixed-price contract that requires the achievement of incremental milestones to receive the full award during the year.

So far, Aethlon has achieved 23 milestones with the contract and brought in approximately $4.9 million in revenues from DARPA, the company said.

In August, Aethlon said it plans to file for Investigative Device Exemption status for its HemoPurifier after the company’s contract with DARPA expires, and reported slimmed losses for the company and investors.

The company is positioned to “build and collect almost $200,000 related to a manufacturing milestone” the company had achieved, according to CFO Jim Frakes.

The last few months have been busy for the blood purifying company, which listed on the Nasdaqin July after raising $6 million in a follow-on stock offering in June.

Aethlon grabbed headlines last fall when the Hemopurifier was used to treat a critically ill Ebola patient in Germany who later recovered.

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Vital Therapies inks plan for new phase 3 Elad trial

Vital TherapiesVital Therapies (NSDQ:VTL) outlined plans for a possible new phase 3 clinical trial to test its Elad treatment for liver failure in patients with alcohol-induced liver decompensation, according to an SEC filing posted yesterday.

The company is developing a cell-based therapy targeting the treatment of acute liver failure, using a cartridge system designed to produce cells that mimic those of a patient’s liver.

San Diego-based Vital Therapies halted a Phase III clinical trial of the Elad cell-based treatment for liver failure after it failed to meet its primary and secondary endpoints and shut down 2 other studies.

The plans for the new trial are based on “trends identified in pre-specified and post-hoc subset analyses of the subjects in the company’s recently completed VTI-208 phase 3 clinical trial,” according to the SEC filing.

Earlier this month, the company said it plans to lay off 32 employees, or about 30% of its workforce, and slash expenses as it looks to reboot its clinical program after the failure its Elad device in a trial last month.

The 203-patient VTI-208 trial, examining the efficacy of the cell-based therapy in treating subjects with alcohol-induced liver decomposition, found no difference between the control group and those treated with Elad in the primary endpoint of overall survival of at least 91 days. Secondary survival endpoints, at 28 and 91 days, and serious adverse events were also equivalent.

Vital Therapies said the layoffs, slated to be complete by the end of the year, are expected to cost $1.2 million during the 3rd quarter, including $900,000 in severance benefits.

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Occlutech wins CE Mark for VSD closure device

OcclutechStructural heart disease implant developer Occlutech said today it won CE Mark approval in the European Union for its ventricle septal defect closure device.

The occluding device consists of a flexible nitinol wire mesh, and is indicated for minimally invasive closure of VSDs, the company said.

“We are extremely pleased to be able to provide patients and cardiologists with this innovative product and expect our VSD occluder to significantly add and improve therapy options for this patient population,” CEO Tor Peters said in prepared remarks.

The implantable device will be available in different configurations and sizes and can accommodate a range of ventricle septal defects, the company said.

Occlutech did not comment on any plans for commercialization of the device or if it is pursuing any other regulatory clearances.

Last July, Occlutech said it won another legal victory over St. Jude Medical (NYSE:STJ) in a long-running patent war that pre-dates St. Jude’s 2010 buyout of AGA Medical.

Jena, Germany-based Occlutech said the U.K. Patents Court in the High Court of Justice ruled invalid a St. Jude patent covering “Percutaneous catheter-directed intravascular occlusion devices.”

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Neuromod raises $6.2m in Series A

NeuromodNeuromod said today it raised $6.2 million (EU€5.5 million) in a Series A round of financing, with fund slated to support its mutebutton bi-modal neuromodulation device for patients with chronic tinnitus.

Funds from the round came from venture capital firm Fountain Healthcare Partners, the Dublin-based company said.

“Neuromod is delighted to announce this investment, which will help us to advance our unique chronic tinnitus treatment technology. As an emerging company we welcome the support and knowledge offered to us from partnering with an experienced international life sciences venture capital fund such as Fountain Healthcare Partners. We are also particularly grateful for the ongoing support we have received from our manufacturing partners, M&M Qualtech and Molex, and from Enterprise Ireland, which enable innovative Irish companies, like Neuromod, to grow and succeed on the international stage,” CEO Dr Ross O’Neill said in prepared remarks.

The mutebutton is a handheld bi-modal neuromodulation device device that helps the brain distinguish between real and phantom noises through audio and tongue stimulation. The system promotes neur0plasticity in areas of the brain associated with tinnitus, the company said.

“Neuromod is an exciting company, with the potential to offer a superior treatment to and improve the quality of life of the millions of patients suffering with chronic tinnitus. The company has a proprietary neuromodulation technology, promising clinical results and a highly committed team. Neuromodulation is a key area of interest for Fountain Healthcare and chronic tinnitus is a poorly served global market opportunity with relatively little competition. We are investing in Neuromod to help build a credible and sustainable business in tinnitus with prospects for strong future growth,” Fountain Healthcare Partners co-founder Dr Manus Rogan said in a press release.

Funds are slated to be used to advance dose-optimization and patient sub-type research, as well as to commence U.S. clinical trials of mutebutton, Neurmod said.

The device won CE Mark approval in the European Union last October.

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