Reports note medical device industry's lack of cyberdefenses | CSRA to acquire NES Associates for $105M | TEDCO awards spotlight Md.'s innovation economy
June 1, 2017
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Cybersecurity and Technology
Hogan looks to bolster biotech, cybersecurity in Md.
Hogan looks to bolster biotech, cybersecurity firms
Hogan (Larry French/Getty Images)
A group of cybersecurity and life science CEOs will be charged with finding ways to help grow the industries in Maryland, Gov. Larry Hogan has announced. The initiative, called Excel Maryland, is designed to help keep startup biotech and cybersecurity companies in Maryland.
The Business Journals (tiered subscription model)/Baltimore (5/18),  Technical.ly (5/18) 
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Reports note medical device industry's lack of cyberdefenses
A Ponemon Institute and Synopsys survey revealed that only 17% of medical device manufacturers and 15% of health care delivery organizations are implementing steps to address cybersecurity issues, while only 9% of manufacturers and 5% of HDOs test their medical devices at least annually and 49% of manufacturers were not using FDA guidance on medical device security. Meanwhile, no fewer than 8,000 known vulnerabilities were found in seven pacemaker programmers from four different device manufacturers that "highlights an industry wide issue associated with software security updates," according to a WhiteScope report.
FierceBiotech (5/26) 
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Health IT
TEDCO awards spotlight Md.'s innovation economy
TEDCO, an agency that supports Maryland's innovation economy, recently handed out its 2017 Innovation, Corporate Excellence and Entrepreneurship awards. An award for innovation went to Light Point Security, while Paragon Bioservices received a corporate excellence award, and Wendy Perrow of Asclepix Therapeutics and Elie Ashery of Gold Lasso won entrepreneurship awards.
Technical.ly (5/26) 
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Senseonics receives funding to commercialize implantable glucose monitor
Anticipating Food and Drug Administration approval for its rice-size, implantable glucose monitor this year, Germantown-based medical device company Senseonics Holdings has received $41 million to be used commercializing the invention.
The Business Journals (tiered subscription model)/Washington, D.C. (5/31) 
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Vaccine and Immunotherapeutics
GAO report says US is unprepared for Zika epidemic
A report released by the Government Accountability Office indicated the need for a more proactive stance by HHS in handling potential infectious disease outbreaks such as Zika. The report cited challenges faced by the agency such as continued research, vaccine approvals, budget constraints for surveillance, data collection, information dissemination and staffing.
MedPage Today (free registration) (5/23) 
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Biotech and Life Science
Gottlieb: FDA should focus on device-development process
The FDA does not have to speed up its approval process for medical devices and instead should focus on ensuring the efficiency of the device-development process so that safe products are produced and postmarket recalls are avoided, agency Commissioner Scott Gottlieb said in a hearing held by a House Appropriations subpanel. Gottlieb added that the FDA has lifted its hiring freeze, allowing it to increase the number of experts for product reviews.
Medtech Insight (free registration) (5/25) 
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Biodefense lab at Fort Detrick could be shuttered under White House budget
The Fort Detrick laboratory that takes the lead in analyzing bioterror and biocrime attacks could be shut down under the budget proposed by President Donald Trump. If the closing happens in 2018 as suggested, approximately 180 employees could lose their jobs.
The Frederick News-Post (Md.) (5/24) 
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Government Affairs
User fee reauthorization bill clears House subcommittee
Legislation that would reauthorize user fee programs for medical devices, pharmaceuticals, generic drugs and biosimilars has cleared the House Energy and Commerce health subcommittee. The panel has agreed to all four amendments of the bill, including provisions for over-the-counter hearing aids and improvements on the medical device inspection process.
Regulatory Focus (5/18) 
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Talent and Capital
State CPAs get technology training with IBM
The Maryland Association of Certified Public Accountants, working with IBM, is giving members training on technology such as artificial intelligence and data science. The e-learning courses come through IBM's Big Data University and also include subjects such as blockchain and cognitive computing.
Associations Now online (5/19) 
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MTC News
The Maryland Tech Council Office Hours connect you with amazing people for 20 minutes of free 1:1 meetings
There isn't a member who won't need specific guidance at some point in their journey. The Maryland Tech Council Office Hours gives its members the opportunity to sit down with our professional service members to discuss any questions you may have. Sessions are available by appointment only. Schedule your time here.

Benefits of Maryland Tech Council Office Hours:

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Sign up and meet Bruno De Faria of M&T Bank, July 12
Sign up and meet Bruno De Faria of M&T Bank on July 12. Have you considered:

  • What banks look for when evaluating whether to extend credit?
  • What is the typical bank process from first conversation with you to funding?
  • Terms to know in typical bank credit agreements (covenants, reporting requirement, security/collateral, guarantees).
  • How to get your "house in order" to seek a bank financing request?
  • Going beyond the interest rate - What should you look for in your banking relationship?
  • What are the key account services you should know
  • Join us July 12 between 8:30 a.m. to noon. There is a limited number of spots. Sign up here today! Contact Pam Lubel at pamela@mdtechcouncil.com or 240-243-4049 with questions.

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    The Maryland Tech Council (MTC) is a collaborative community that is actively engaged in building strong technology and life science industries by supporting the efforts of our individual members. MTC is the largest technology and life science trade association in the state of Maryland providing value to members by giving them a forum to learn, share, and connect. MTC is also the only technology council in Maryland with a full-time presence in Annapolis working year round representing its members' interest and seeks to influence policymakers on issues such as tech, life science, economic development, capital formation, higher education, transportation, workforce, tax climate, and more.

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