GE HealthCare investing $80M in contrast media ingredients plant in Norway

 

GE Healthcare says its contrast media products are used in more than 100 million procedures globally every year. [Image courtesy of GE Healthcare]

GE HealthCare today announced it is investing $80 million to expand contrast media production capacity in Norway.

The investment will go toward increasing manufacturing capacity by 30% at its active pharmaceutical ingredients site in Lindesnes, Norway. As a result, the investment will create around 100 new jobs.

GE HealthCare officials have committed to addressing the significant global demand for iodinated contrast media. The media enables a host of X-ray and computed tomography (CT) procedures around the world.

Get the full story on our sister site, MassDevice.

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Integra plans to shrink the C-suite after executive’s exit

Glenn Coleman is the former COO of Integra Lifesciences. [Photo courtesy of Integra Lifesciences]

Integra Lifesciences (Nasdaq: IART) will eliminate the position of chief operating officer next week — though the office is already empty.

Former COO Glenn Coleman’s last day at Integra was Friday, according to a separation agreement filed with the Securities and Exchange Commission that same day. Coleman was scheduled to start as the new EVP and CFO at Dentsply Sirona (Nasdaq: XRAY) yesterday.

Princeton, New Jersey-based Integra said in SEC filings that it will eliminate the COO position on Oct. 3 “consistent with the company’s succession planning following its CEO transition in late 2021.”

Integra announced in October 2021 that it hired an outsider as its new CEO, picking former Barco CEO Jan De Witte to succeed Peter Arduini, who left Integra to become president and CEO of GE Heal…

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GE Healthcare picks AI imaging startups for inaugural Edison Accelerator

GE Healthcare has selected seven companies to test their AI imaging technologies with GE’s Edison Digital Health Platform. [Image courtesy of GE Healthcare]

GE Healthcare and Nex Cubed have selected seven companies focused on artificial-intelligence-augmented medical imaging for the first cohort of the Edison Accelerator in Canada.

The companies will be matched with mentors and test their technologies with GE’s new Edison Digital Health Platform over the next three months. The program will end with innovation showcase presentations to potential investors and customers, and some startups could have their products distributed through the GE Healthcare Marketplace.

The cohort’s six startups are:

16 Bit, a physician-founded startup that uses routine chest, spine, pelvis, knee or hand x-rays with computer-aided detection and notification software for low bone mineral density prescreenin…
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GE Healthcare says recovery in supply of contrast media is on the way

GE Healthcare says its contrast media products are used in more than 100 million procedures globally every year. [Image courtesy of GE Healthcare]

GE Healthcare (NYSE:GE) announced today that it is on the way toward restabilizing its global supply of iodinated contrast media — a vital imaging agent.

The company said its Shanghai facility, previously closed amid COVID-19 restrictions in China, will be close to 100% production capacity by next week. Said GE: “We will continue to work with impacted customers to help them plan several weeks ahead as supply progressively recovers.”

According to a recent New York Times report, thousands of Americans have had to wait for exams because of the shortage. As related by NYT, FDA Commissioner Dr. Robert Califf described the situation as “just unbelievable” while testifying to a U.S. Senate committee. “Someone with a stroke or heart attack wouldn’t b…

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The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain

[Illustration via Adobe Stock]

Leaders in medtech and cloud computing discuss payoffs and potential in device connectivity, product development and cross-industry partnerships.

If knowledge is power, that power comes from a steady stream of information, and we know there’s no shortage of that in healthcare.

The challenge has long been how to capture that information, store it, analyze it and deploy it to improve medical product design, manufacturing and the health of patients.

Then came the cloud, and with it a host of acronyms: software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and — following the same convention — software as a medical device (SaMD).

Over the past few months, Medical Design & Outsourcing connected with leaders in medtech and cloud computing, including the three largest providers of cloud computing services: Amazon (Nasda…

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May 2022 Issue: The cloud is transforming medtech

 

The cloud is transforming medtech: Amazon, Microsoft, Google, J&J, Philips and GE Healthcare leaders explain

How DeepWell is developing video games as tools for treating medical conditions

Digital therapeutics open up new opportunities in medicine

Harnessing the power of cloud computing

When Johnson & Johnson and Microsoft announced a deal earlier this year to use cloud computing to support digital surgery, executives on both sides spoke with Medical Design & Outsourcing about how the partnership could advance medtech.

That started a series of conversations with leaders at cloud computing giants Google, Microsoft and Amazon — and on the device side at Johnson & Johnson, Philips and GE Healthcare. We consistently heard that the COVID-19 pandemic accelerated cloud adoption not only for medical records and telehealth, but also for manufacturing operations, supply chain management and making new vaccines, therapies and d…

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FDA approves GE Healthcare software that automates anesthesia, reduces greenhouse gas emissions during surgery

GE Healthcare recently announced that it received FDA premarket approval for its End-tidal (Et) Control software for general anesthesia delivery.

The software is cleared for use with GE Healthcare’s Aisys CS2 anesthesia delivery system. The Chicago-based company initially released the technology in Europe in 2010 and is currently used in over 100 countries.

Et Control software semi-automates the delivery of anesthesia using software to allow anesthesia providers to set targets for end-tidal oxygen and anesthetic agent, according to the company. The software quickly achieves and maintains set targets and improves anesthesia delivery accuracy while simplifying the workflow and reducing drug waste.

“In the past, we continually adjusted vaporizer setting and fresh gas flow to control inspired concentration in an attempt to achieve and maintain the end-tidal concentration we wanted for our patients. To have direct control of the end-tidal concentration …

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Innovations coming out of HIMSS 2022 you should know

Companies are announcing a range of innovations in digital health, cybersecurity, AI and more at HIMSS 2022.

The Healthcare Information and Management Systems Society (HIMSS) Global Health Conference and Exhibition runs March 14–18, 2022, in Orlando, Florida. It’s an annual health information and technology event where professionals can connect to learn more about innovations in the industry.

Here are some of the healthcare IT innovation announcements made at HIMSS22:

1. Philips expands medical device cybersecurity portfolio

Philips is expanding its medical device cybersecurity services to include remote access management. The new Remote Access Management Service increases uptime, clinical performance and advanced security to protect access to healthcare providers’ clinical solutions and medical devices. It combines SecureLink’s critical access management and governance technology with Philips Remove Services’ secure connectivity …

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GE Healthcare to roll out AI-powered Edison Digital Health Platform

GE Healthcare (NYSE:GE) today announced plans for its Edison Digital Health Platform.

The news was part of HIMSS 2022 in Orlando, Florida, where GE Healthcare officials described Edison as a vendor-agnostic hosting and data aggregation platform with an integrated AI engine.

The Edison Digital Health Platform could enable health providers to effectively deploy clinical, workflow, analytics and AI tools, according to GE. The platform accelerates app integration by connecting devices and other data sources into an aggregated clinical data layer.

Open and published interfaces on Edison will support the easy deployment of healthcare providers and third-party developers’ applications into existing workflows. In addition, GE Healthcare plans to integrate and deploy its own apps such as Command Center “tiles” onto the Edison Digital Health Platform.

“Edison Digital Health Platform is being designed to enable healthcare systems to have a single platf…

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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…

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The 100 largest medical device companies in the world

Nearly half a trillion dollars — $421 billion to be exact — that’s how much the world’s 100 largest medical device companies brought in over the past year amid the COVID-19 pandemic.

That’s one of the big takeaways from the Big 100, MassDevice and Medical Design & Outsourcing‘s annual analysis of the worlds’ 100 largest medtech companies. (Check out the full Big 100 rankings here.)

Aggregate revenue for approximately 100 of the largest medical technology companies dropped 1.2% in 2020 compared to 2019. But that’s not bad considering that the worst pandemic in a century was taking place, sparking a global recession in its wake.

Some medtech businesses that played critical roles fighting the pandemic — such as 3M’s Health Care segment and Hologic — even saw revenues increase and rose in the Big 100 rankings as a result.

Check out the full Big 100 rankings here>>

 

 

 

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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:

Next>>

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