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How medtech and pharma are responding to Russia’s invasion of Ukraine

[Image from Pixabay]

Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion.

Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients. Medical device and pharmaceutical companies have taken various actions for support efforts, ranging from matching employee contributions and sending supplies to suspending operations in the region.

Get the full running list of life science companies and their efforts on Medical Design & Outsourcing.

How medtech and pharma are responding to Russia’s invasion of Ukraine

[Image from Pixabay]

Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion.

Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients. Medical device and pharmaceutical companies have taken various actions for support efforts, ranging from matching employee contributions and sending supplies to suspending operations in the region.

Below is a running list of life science companies and their efforts. This is a developing story and will be updated as companies release information.

3M: Suspending all business in Russia.

Abbott: Donating $2 million to humanitarian organizations to support Ukraine and refugees; donating …

Deadline nears for gBETA Medtech startup accelerator

The gBETA program for medtech startups is seeking applicants from across the globe on or before March 14 for its spring session.

The seven-week gBETA Medtech virtual accelerator runs April 18 through June 14. gBETA is a program of startup accelerator Gener8tor and the University Enterprise Labs business incubator in St. Paul, Minnesota, with support from Mayo Clinic, the University of Minnesota, Medical Alley Association and founding sponsor Boston Scientific.

Up to five startups will be selected for the medtech program, which covers medical devices, diagnostics, healthcare software, biotechnology, drug discovery and delivery and more. They’ll participate in webinars, regular meetings with the gBETA Medtech team, mentor and investor swarms — like speed dating sessions with founders, investors, serial entrepreneurs, technical professionals, board members and industry experts — and then a demo day and pitch night, followed by ongoing support after the progr…

Medtech companies extend support to Ukraine humanitarian efforts

Photo by Yehor Milohrodskyi on Unsplash

Medical device companies are continuing to make contributions to support the humanitarian emergency in Ukraine following Russia’s invasion of the country in late February.

Last week, Henry Schein, Siemens Healthineers, Conformis, Roche, Medicom and Philips announced initiatives to support the crisis, which included matching employee donations, sending supplies or donating money to support families in Ukraine. The World Health Organization also announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients.

Johnson & Johnson (NYSE: JNJ) is one of the latest companies to announce its support of Ukraine. The New Brunswick, N.J.-based company said it is donated $5 million to s…

The top 10 catheter innovations of 2021

Photo by Kelly Sikkema on Unsplash

Last year was a big year for catheter innovation as medtech companies large and small received regulatory approvals for devices ranging from TAVR to single-use endoscopes.

Catheter innovations weren’t limited to just adults; Catheter-deployed devices for premature babies and toddlers were also approved and released.

And catheter-based devices made up nearly half of last year’s Prix Galien USA Awards nominees for the most innovative medical devices. Those devices included BD’s PureWick female external catheter and Venovo venous stent, Biotronik’s PK Papyrus covered coronary stent system, Boston Scientific’s HeartLogic heart failure monitoring device and Sentinel cerebral protection system, Edwards Lifesciences’ Sapien 3 Ultra transcatheter heart valve, Pulmonx’s Zephyr end-bronchial valve system and Baylis Medical’s VersaCross transeptal platform. (VersaCross, Venovo…

Employees say Intuitive, Boston Scientific, J&J, Medtronic best places to work in 2022

Intuitive Surgical, Boston Scientific, Johnson & Johnson and Medtronic were recently named as Glassdoor’s employees’ choice of Best Places to Work in 2022.

Each year, Glassdoor uses feedback that employees have shared on the website over the past year to compile a list of the best places to work for the upcoming year. Employee reviews provide Glassdoor with insights into job and workplace attributes and qualitative feedback about why their employer provides the best place to work and what needs improvement.

Intuitive Surgical ranked 29 out of 100 on the Glassdoor list. The Sunnyvale, California-based company was listed at 41 for the previous year. It received a 4.4 out of 5 star rating over the last year. Some of its top reviews mention a “great work/life balance” with competitive salaries, benefits and stock options. The cons outlined suggest that Intuitive has a “very fast paced environment [with] high-performance expectation…

The 10 largest medtech employers of 2021 – and what their employees really think

Employees of the 10 largest medtech employers are proud of working on life-saving products — with a greater appreciation for diversity and inclusion initiatives.

That was one major takeaway as Medical Design & Outsourcing compiled some current and former employee reviews posted on Glassdoor. (Browse the online version of our Big 100 report.)

Despite the pride, there was also some frustration with big corporate bureaucracy.

Medtech employment in MDO‘s 2021 Big 100 was down slightly from our 2020 and 2019 reports — even as the industry continued to be on the frontlines of the COVID-19 pandemic. It’s worth noting that of the nearly 90 companies in this year’s Big 100 that provided employment data, about half added workers amid the pandemic. Another handful kept their headcounts the same.

The companies are the largest medical device industry employers in our most recent annual Big 100 list, which includes the top 100 medtech comp…

Medtech M&A: The industry’s biggest mergers and acquisitions of 2021

[Image from Jp Valery on Unsplash]

Across 2021, medtech has seen a wide range of mergers and acquisitions covering several areas of devices, pharmaceuticals and more.

Some have gone off without a hitch, while others fell into serious scrutiny as mouthwatering financial figures were revealed and major technologies were acquired.

Here are the 10 biggest mergers and acquisitions in medtech in 2021:

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October 2021 Issue: Women in Medtech

How Hologic made a major pandemic pivot: CFO Karleen Oberton reflects on key decisions and turning points of the COVID-19 pandemic.

Insulet CEO Shacey Petrovic is pumped up to launch Omnipod 5

Boston Scientific’s Meghan Scanlon forecasts the future of urology

There is still a long way to go to close the gender leadership gap in the medical device industry, but hope is on the horizon.

Women still account for less than a quarter of all executive leadership roles within the biggest medical device companies in the world, according to our annual analysis in this Women in Medtech edition of Medical Design & Outsourcing.

Just 21% of the executives in the top 100 medical device companies are women — up one percentage point from last year — and the number of those companies with a female CEO remains unchanged at four.

For comparison, about 40% of the 660,000 employees in the medical equipment and supplies manufacturing industry a…

Boston Scientific settles patent dispute with Micro-Tech Endoscopy over hemostasis clips

Micro-Tech’s SureClip

Boston Scientific (NYSE:BSX) said yesterday that it has resolved its patent infringement litigation against Micro-Tech Endoscopy over hemostasis clips used in endoscopy procedures.

Boston Scientific said it will grant a five-year, royalty-bearing license to Ann-Arbor, Mich.-based Micro-Tech for the patented hemostasis clip technology. The clips are applied to tissue or blood vessels to stop gastrointestinal bleeding.

In exchange, Micro-Tech agreed to drop its patent validity challenges, Marlborough, Massachusetts-based Boston Scientific said.

“The settlement resolves all worldwide litigation between the companies,” Boston Scientific said in a news release.

Boston Scientific sued not only Micro-Tech, but also Chinese manufacturer Micro-Tech Nanjing and distributor Henry Schein. Boston Scientific’s lawsuit — filed in U.S. District Court in Delaware — claimed th…

Forecasting the future of urology with Boston Scientific’s Meghan Scanlon

Meghan Scanlon is a senior vice president at Boston Scientific and president of its urology and pelvic health business. [Photo courtesy of Boston Scientific]

Meghan Scanlon, Boston Scientific’s president of urology and pelvic health, discusses the field and the challenges and opportunities ahead.

The urology specialty faces a critical moment, with 10 urologists ready to retire for every new urologist entering the field, said Meghan Scanlon, SVP and president of urology and pelvic health at Boston Scientific (NYSE:BSX)

That puts the onus on medical device companies to develop faster, safer and more efficacious ways to break down kidney stones, shrink enlarged prostates and handle other critical treatments.

In an interview with our DeviceTalks Weekly Podcast, Scanlon laid out Boston Scientific’s plans to build a broad platform of scopes, imaging and AI to aid urologists.

Go to DeviceTalks.com to…

Women researchers receive a fraction of funding from the world’s biggest medtech companies

The gender divide in medtech extends beyond leadership and into funding for investigational studies by U.S. physicians.

Only 6.7% of physicians who received research payments from the world’s largest medical device companies in 2020 were women, according to an analysis of Medical Design & Outsourcing’s Big 100 list of medtech companies and CMS Open Payments data.

Among the 20 medical device companies that fund research by U.S. physicians are 3M, Abbott, BD, Boston Scientific, Johnson & Johnson (dba J&J Surgical Vision and J&J Vision Care), Medtronic (dba Medtronic, Medtronic Minimed, Medtronic USA, Medtronic Vascular), Royal Philips (dba Philips Electronics), Stryker and Zimmer Biomet.

Together, those companies paid $3.9 million to 312 doctors in 2020, but only 21 were women, receiving a collective $402,600.

Women physicians, on average, received 15.7% of payments from each of the top medtech companies, but accounted f…