Royal Philips, S.C. health care provider reach $36M long-term deal | J&J, HP unit team up, aim to improve health care outcomes through 3D printing | Funding round pulls in $1.7M for Bone Solutions
May 20, 2016
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Royal Philips, S.C. health care provider reach $36M long-term deal
An eight-year partnership valued at $36 million has been signed by Royal Philips and Medical University of South Carolina Health to provide the latter with access to its patient monitoring technologies and services. Under a structured monthly payment model, Royal Philips will handle the installation, integration and management of patient monitoring platforms and software, as well as provide consulting, maintenance and training services. (Boston) (5/19) 
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13485:2016 brings regulatory harmonization, risk mgt., validation clarity, supplier control, better feedback and defined software regulation. But what is the best approach to planning, implementing and achieving transition to this critical, global medical device standard? BSI's new, free 13485 Transition Resource Package explains it all. Click for Easier Transition.
Business & Market Trends
J&J, HP unit team up, aim to improve health care outcomes through 3D printing
Johnson & Johnson has partnered with an HP unit in an effort to improve health care outcomes at lower costs by using 3D-printing technology for developing medical devices, solutions and consumer products that can be personalized and manufactured quickly. The collaboration will initially concentrate on customizing solutions for patient-specific devices. (5/19) 
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Funding round pulls in $1.7M for Bone Solutions
A private placement has brought in $1.7 million for Dallas-based Bone Solutions, weeks before it intends to launch its FDA-cleared magnesium-based bone void filler called OsteoCrete. The company is also expected to obtain $1.65 million in additional funding from Next Health. (5/19),  Texas TechPulse (5/19) 
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Report predicts growth for worldwide medical imaging market
An Allied Market Research report predicts the global medical imaging market will see a compound annual growth rate of 5% through 2022. The factors expected to drive growth include technological advances, an expanding geriatric population and a higher prevalence of chronic diseases. (free registration) (5/19) 
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New CEO, president named by Flowonix Medical
Larry Heaton, former CEO, president and director of Cardiox, has been tapped to serve as CEO and president of Flowonix Medical. Heaton replaces Steve Adler, who will continue to serve on Flowonix's board of directors.
NJBIZ (New Jersey) (5/19) 
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Science & Health
Registry completed to test NinePoint Medical's endomicroscopy system
The primary phase of a registry investigating the use of NinePoint Medical's NvisionVLE Imaging System in high-resolution optical esophageal imaging has been completed with 1,000 patients at 18 sites. The system uses the company's optical coherence tomography technology to allow for a volumetric laser endomicroscopy procedure that yields high-resolution cross-sectional images in real time. (5/19) 
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First surgery using robotic spinal surgery system in Spain recorded by Medtech
A patient with degenerative disc disease at La Fe Hospital of Valencia was the first in Spain to undergo a spine surgery using the ROSA Spine surgical assistance robot from Medtech. The technology enabled the minimally invasive intervention to adjust for the body movements of the patient. (5/19) 
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Emerging Technologies
Platform for cervical spine fusions launched by Medtronic
Spine Essentials, a kit of implants and instruments designed for streamlining one- and two-level cervical spine fusion procedures, has been unveiled by Medtronic at the annual meeting of the Ambulatory Surgical Center Association in Dallas. The platform is also intended for reducing the time and costs needed for instrument sterilization, inventory management and case setup. (5/19),  FDAnews (5/20) 
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Patient-controlled infusion system debuted by Hospira
The LifeCare PCA 7.0 Infusion System has been introduced by Pfizer subsidiary Hospira for improving pain management medication administration through EMR integration. The system, a patient-controlled analgesia infusion pump that uses bar-code technology, allows for device auto-programming and makes infusion data documentation more efficient. (5/19) 
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Government & Regulatory
Boston Scientific wins FDA approval for spinal cord stimulator
The FDA has granted Boston Scientific approval for its Precision Montage MRI-safe spinal cord stimulator system, which allows the customization of chronic pain therapy through delivery of multiple waveforms. The product, which is being launched at the annual congress of the World Institute of Pain in New York City this weekend, also develops a computer model using the company's Illumina 3D algorithm to facilitate targeting of pain. (Boston) (5/19) 
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AdvaMed Events and Education
Reimbursement 101: A Primer on Medical Device Reimbursement
June 28-29 | San Francisco, Calif.
During this workshop, you will be provided with the road map and practical applications to successfully navigate the many potential reimbursement pitfalls. After an overview of current reimbursement issues, you'll hear from industry veterans and reimbursement professionals who will discuss case studies and real-life scenarios. Learn more.
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Reimbursement 201: A Deeper Dive into the Reimbursement Landscape
June 29-30 | San Francisco, Calif.
This next-level reimbursement workshop was created with the more advanced professional in mind. You'll walk away from this workshop with more insight into the complex and critical nature of coverage issues and policy. Learn more.
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