Minnetronix Medical Archives - Medical Design Sourcing

Sterifre Medical prepares to launch its Aura desktop disinfection device

The Sterifre Aura disinfection system [Photo courtesy of Sterifre]Sterifre Medical is demonstrating its Aura device and courting investors as it prepares to launch the automatic point-of-care disinfection system.

The Aura is a portable machine that circulates hydrogen peroxide and activated oxygen with the push of a single button to disinfect stethoscopes, sensors, pumps, tablets, phones, keys, badges and anything else you can fit in the chamber. The device emits no harmful chemicals, leaves no residue and can get into the nooks and crannies that are hard to reach with the disinfectant wipes and handheld sprays traditionally used in health care settings.

“About 85% of things that are cleaned and disinfected in the hospital go through disinfection, not sterilization,” Sterifre CEO Rick Shea said in an interview. “We thought if we could take this technology, miniaturize it and get it close to point of care, we would clearly have a unique opportunity for a long time …

Minnetronix and INO team up on optical medical device development

Minnetronix Medical and INO Innovation Center today announced a strategic partnership to innovate and accelerate the development of optical medical devices.

For their first completed project, INO developed a smart illumination system for an unidentified customer and Minnetronix led the system integration.

The companies said in a news release that their partnership can also manage projects that require optical subsystems with larger, complex medical device systems; have complicated or diverse supply chains and/or require regulatory insights to scope design considerations relative to the FDA pathway.

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

DTW Weekly Podcast – Digging Deeper into Cleerly Health $43 million round

In this week’s DeviceTalks Weekly Podcast, we talk with Dr. James Min, the founder and CEO of Cleerly Health, a potentially disruptive diagnostics company that raised $43 million last week. Dr. Min explains how Cleerly Health formed from his work at Weill Cornell Medicine. But, more importantly for entrepreneurs and executives, he walks listeners through the steps he took to prepare for the fund-raising. In our next episode we’ll talk with two VCs who invested in the company to hear why Cleerly’s pitch worked.

We also talk with Jeremy Maniak, the CEO of Minnetronix, which is celebrating its 25th year in business. Maniak shares why medtech is such a draw for quality engineers who want to work for a purpose and work with the top technology. He also takes us through the process that led to Minnetronix creating its own medical device. Maniak, an electrical engineer himself, says Minnetronix will partner with OEMs to sell the device.

Chris Newmarke…

MedTech 100 roundup: Nearing new highs once again

Having hit a downturn as the summer neared, the medtech industry is now consistently on the rise as June comes to a close.

MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished the week (June 25) at 113.42 points, producing a 2.5% rise from the 110.64-point mark set one week prior (June 18). In all, the industry has risen 5.9% over the past three weeks.

The recent upswing shows no signs of slowing after the industry’s progress came to a halt with a -1.4% dip earlier this month. The index looks set to close in on the 114.58-point mark set in April, marking the industry’s all-time best performance.

Even with some recent setbacks, medtech’s performance continues to reflect an overall rebound from the struggles brought on by the COVID-19 pandemic, too. The industry has registered a 22.9% rise from the pre-pandemic high of 92.32 (set on Feb. 19, 2020), plus a 82.6% increase from the mid-pandemic low …

How contract manufacturer Minnetronix decided to make its own medical device

Medtech contract manufacturers such as Minnetronix often avoid making their own devices. But CEO Jeremy Maniak had a different idea.

Minnetronix’s first product — the MindsEye Expandable Port — earned the “Best New Technology Solution – Surgical” award from MedTech Breakthrough, an independent market intelligence. [Image courtesy of Minnetronix]Minnetronix Medical (St. Paul, Minn.) is closing on its quarter-century mark, and Jeremy Maniak has been with the company more than half of that time. Promoted into the corner office in early 2020, he has some unique ideas about how to position the medtech contract manufacturer for growth over the next 25 years.

An electrical engineer who entered the medical device industry directly out of Purdue University, Maniak explained to our DeviceTalks Weekly Podcast about how Minnetronix saw an opportunity to create its own line of medical devices. It was a move that some might see as a potential conflict with larger manufacturers …

Altaris ups investment in Minnetronix

Minnetronix Medical announced today that healthcare investment firm Altaris Capital Partners has acquired the majority share of the company.

Altaris, which actively manages $4.9 billion of equity capital, had been a minority investor in Minnetronix since 2015. The St. Paul, Minn.-based contract manufacturer declined to reveal the amount of the new investment.

“Throughout our relationship with Altaris, we have achieved many milestones as a company,” said Minnetronix CEO Jeremy Maniak in a news release. “Now, with our expanded partnership, we are excited to accelerate our strategy and move into the next stage of growth at Minnetronix.”

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

Minnetronix Medical wins FDA clearance for neurosurgical access port

The MindsEye neurosurgical access port [Image courtesy of Minnetronix Medical]

The FDA has cleared Minnetronix Medical‘s MindsEye neurosurgical access port for deep brain surgeries, the company announced today.

The clearance represents an expansion beyond the St. Paul, Minn.–based contract manufacturer’s traditional offerings.

“This extension of our business represents an additional way to partner with customers. We have the opportunity to offer them products they can integrate into their own portfolios and bring to market,” Minnetronix Medical CEO Jeremy Maniak said in a statement provided to MassDevice‘s sister site Medical Design & Outsourcing.

Read the full story on MDO.