Manufacturing matchmaker Fictiv raises $100M for supply chain push

Fictiv co-founder and CEO Dave Evans [Photo courtesy of Fictiv]

Fictiv has closed a $100 million Series E funding round, the on-demand manufacturing technology company said today.

Fictiv focuses on “helping companies produce better products,” co-founder and CEO Dave Evans said, with three main offerings: new product development, engineer-to-order products, and maintenance, repair and operations (MRO).

But the company doesn’t actually own any manufacturing equipment, and instead has built a vetted network of 250 manufacturing partners, Evans told Device Talks Editorial Director Tom Salemi in an interview. After medical device developers upload their designs to Fictiv’s web-based platform, they get instant pricing and help choosing from different manufacturing methods, standards and prices to find the best fit.

“I’m the go-between [with contract manufacturers] bec…

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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.

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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.

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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.

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 …

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Johnson & Johnson adds Honeywell CEO to its board

Honeywell CEO Darius Adamczyk [Image courtesy of Honeywell]Honeywell CEO Darius Adamczyk will join Johnson & Johnson’s board of directors, the medtech and pharma giant announced.

In a news release posted yesterday, J&J CEO Alex Gorsky described Adamczyk as an “accomplished global leader with decades of experience and a track record of growing businesses.”

“He is also a champion of sustainability and investments in innovation to improve the lives of people around the world,” Gorsky said. “Darius’s extensive knowledge of numerous business sectors will add important dimension and a unique perspective to the Johnson & Johnson Board of Directors.”

Adamczyk joined Honeywell in 2008 after Honeywell acquired when laser and scanning technology company Metrologic, where he was CEO. Since then, he has risen through the executive ranks at Honeywell, taking over the corner office in 2017.

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Honeywell acquires MES firm Performix

Honeywell (NASDAQ:HON) will integrate manufacturing execution system (MES) software offerings from Performix Inc. into its portfolio of offerings for life science companies.

Financial details of the transaction were not disclosed.

Houston, Texas–based Performix specialized in creating MES software for pharma and biotech companies.

Late last year, Honeywell announced its intent to acquire privately-held Sparta Systems (Atlanta), a provider of quality management software, for $1.3 billion.

Honeywell’s life sciences strategy is to offer a comprehensive software suite that can integrate multiple systems into a single manufacturing ecosystem, according to Ujjwal Kumar, president of Honeywell Process Solutions. “Honeywell can now offer customers a tailored solution designed for their specific industry that combines process automation, production management, quality management and data analytics into a single software suite,” he said in a statement.

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Honeywell lays off nearly 500 on Rhode Island N95 production line

N95 respirator [Image from the FDA]Honeywell is laying off approximately 470 employees on its Smithfield, R.I.-based N95 respirator mask production line.

Charlotte, N.C.-based Honeywell expanded operations at the Smithfield eye protection products plant so that the facility could also manufacture millions of N95 masks at the beginning of the pandemic in March 2020.

Get the full story at our sister site, Medical Design & Outsourcing.

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Honeywell lays off nearly 500 on Rhode Island N95 production line

N95 respirator (Image from the FDA)

Honeywell is laying off approximately 470 employees on its Smithfield, R.I.-based N95 respirator mask production line.

Charlotte, N.C.-based Honeywell expanded operations at the Smithfield eye protection products plant so that the facility could also manufacture millions of N95 masks at the beginning of the pandemic in March 2020.

The company said at the time that it had plans to immediately start the hiring process to bring on at least 500 new workers to support the efforts, which was slated to deliver masks to the U.S. Department of Health and Human Services to boost the national stockpile.

A Honeywell spokesperson confirmed that the layoffs pertained only to employees on the N95 production line and nowhere else in the facility. The affected employees received notice of the layoffs throughout the day on Wednesday. The spokesperson told Medical Design &…

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3M, Honeywell gain antitrust protection to boost N95 mask supply

N95 respirator [Image from the FDA]3M (NYSE:MMM) and Honeywell (NYSE:HON) are among 60 companies and trade groups sharing production, distribution and pricing information under FEMA-led efforts to secure supplies of products needed to combat COVID-19, according to a Wall Street Journal report.

The information-trading project, taking place under the Defense Production Act, is protected from antitrust scrutiny.

3M and Honeywell are major suppliers of the N95 masks that health provider staff need to properly protect themselves from the novel coronavirus as they seek to save other people’s lives. The masks remain in short supply even as the government and the companies themselves invest hundreds of millions of dollars to boost production.

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