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At Healthcare's Grand Hackfest: Idea to Breakthrough Innovation in One Weekend, at Massachusetts Institute of Technology, day two of the program began with presentations from a panel of keynote speakers who shared some words of wisdom for innovators in the group.
Medical device startups need to know when it’s worthwhile to make use of the pre-IDE process. The FDA review team can provide valuable insight to the medical business, but there are drawbacks, too. Read more to find out the pros and cons of the pre-IDE process.
Earlier this month, Johnson & Johnson pulled out of the heart stent market amid struggling sales of its products. Read more on how this move reveals the need for continuous innovation in the healthcare business landscape.
Adam Berk had a vision of creating an online library where neighbors could borrow tools and electronics from one another. Why buy a fancy camera you only needed to use once for a big trip? Why invest the money in physical tools for a home remodeling project if you are never going to need them again? Adam and his best friend Dave spent 5 years creating this utopian community, neighborrow, powered by a new form of currency. Their business model was to eventually white label the product and sell it to large apartment buildings and others who wanted to facilitate a borrowing community. But they never achieved their vision.
The Medical Devices Center Innovation Fellows program at the University of Minnesota is expanding to bring in twice as many professionals. Program participants work to create new innovations in healthcare.
A Medical Industry Valuation Laboratory is becoming known beyond Minnesota, even in China. Using a multi-faceted approach, the lab evaluates medical technologies and determines whether they should be commercialized.
A North Carolina startup is taking on the problem of counterfeit drugs. The company’s technology embeds a tiny tag into the medicine itself that allows for identification and authentication to fight fraudulent pharmaceuticals.
A healthcare business with a solution to the problem of catheter-related bloodstream infections is preparing to seek regulatory approvals for its product. Read more about this young company’s plans.
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