This $200 million disposable medical device division of an international medical products company faced maturity in its present markets and limited R&D funds to allocate to next-generation products. PRTM was hired to implement an actionable product strategy so the company could realize its dreams of being a major player in...
In order to preserve the initial product intent represented by its sellability properties, it is necessary to establish product development strategies that will ensure the fidelity and survival of the sellability properties through the entire development process. This paper explores the importance of designing sellability into a product and verifying...
Business executives at pharmaceutical and medical products companies have discovered that outsourcing delivers demonstrable benefits, including significant cost savings. The paper outlines that pharmaceutical manufacturers, biotech companies and makers of medical devices are using outsourcing to make significant and rapid gains in process or functional expertise. Far from sacrificing expertise...
Headquartered in Dublin, Ohio, Cardinal Health reported over $65 billion in 2004 sales. As the leading pharmaceutical and medical supplies distributor in the United States, its success in the fiercely competitive healthcare industry is built upon an unyielding focus on operational excellence. 2001, Cardinal Health's Medical Products and Services division...
Medical device, imaging, and information management system companies are faced with ever-increasing pressure to get new products to market faster while continuing to comply with the Quality System Regulation and Design Control requirements. Medical products are long-lived, with most systems lasting 10 years or more. The competitive landscape is fierce,...
Time-consuming and cost-prohibitive physical testing is often incapable of providing complete knowledge of product performance, e.g. how it works and responds in real-life applications. Engineers of such biomedical devices as implantable surgical devices, prostheses, orthopedics, dental implants, artificial limbs and organs have discovered virtual product development VPD processes and tools,...
This report explains the changes and new requirements biological testing of medical products. This report recommends some of the test related standards. Uncertainty sometimes arises regarding the stipulations of Standard 10993-12:2002 (10.3.4) concerning fundamental use of both a polar and a non-polar extraction medium. The recommendations of the test-related standards...
Medical device and medical information management system companies are faced with ever-increasing pressure to get new products to market faster while continuing to comply with the Quality System Regulation and Design Control requirements. This paper discusses the importance of evaluating system architectures at the earliest stage of system definition, using...
Today's revolution in biomedical science has raised new hope for the prevention, treatment, and cure of serious illnesses. However, there is growing concern that many of the new basic science discoveries made in recent years may not quickly yield more effective, more affordable and safe medical products for patients. This...
Recently, the medical equipment market has been driven in the direction of increased segmentation meaning that, to a greater degree than ever before, each new product will have a variety of target markets to be served by a core technology. This paper discusses the development of product line architectures from...
This paper describes an ongoing project whose goal is to create a digital library of public perceptions of over-the-counter and prescription drugs. The Web has created an unprecedented opportunity to mine and organize public perceptions and experiences with medications. There are hundreds of chat rooms devoted to medical conditions and...
One of the keys to eliminating unnecessary costs in product design is conducting design research early in the development stage. This article is about the designing medical product for global economy. Medical products are particularly sensitive to cultural influence because the differences in medical practices throughout the world are considerable....
From the executive summary: ‘Successfully pricing products and services is one of the biggest challenges sales and marketing professionals face in companies of all sizes. Convincing customers that they should pay the price is an even bigger challenge.’ Thus, an effective pricing strategy goes a long way in building an...
The article asserts that changes in Medicare, Medicaid and managed care have decreased reimbursement levels for many product categories. Long-term care and acute care customers are experiencing severe financial difficulties that are driving them to squeeze suppliers. Customer mergers & acquisitions, coupled with the widespread growth of participation in group...
Delcath Systems, Inc. (NASDAQ: DCTH) announcedtoday the addition of two senior executives as the Company accelerates itsPhase III clinical trial towards completion. Mark Morrison, M.D., Ph.D.joins Delcath as Chief Medical Officer to oversee the expansion of clinicalactivity of the Company's first Phase III clinical trial. He replaces Dr.Seymour Fein in...
Expands Specialty Pharmaceutical Business Platform COVINGTON, Ky. -- Omnicare, Inc. (NYSE:OCR), one of the nation's leading providers of pharmaceutical care for the elderly, today announced the acquisition of specialty pharmaceutical services provider, Advanced Care Scripts, Inc. Based in Orlando, Florida, Advanced Care Scripts provides both specialty...
MediwareInformation Systems, Inc. (NASDAQ: MEDW), a provider of ClosedLoopTMclinical systems for blood and medication management, announced that theCompany's UK-based JAC ComputerSystems has been appointed to the ASCC Additional Supply Capabilityand Capacity framework contract in both the e-prescribing and pharmacystock control categories. The ASCC contracts provide a framework...
New technologically advanced MR power injector helps improve clinical efficiency and reduce potential for certain medication errors ST. LOUIS -- Covidien (NYSE: COV, BSX: COV), a leading global provider of healthcare products, today announced that its Imaging Solutions business is launching the Optistar[TM] Elite[TM] contrast delivery system. The...
JERUSALEM -- BioLineRx Ltd. (TASE:BLRX), a clinical stage drug development company, announced today that BL-1040, a novel myocardial implant for the treatment of acute myocardial infarction MI, has been selected as one of the Top 10 most promising cardiovascular projects in development available for strategic partnering by an independent committee...
Agreements Offer up-Front Savings on Current Purchases, Special Web Tools CHARLOTTE, N.C. -- Premier Purchasing Partners, LP, today announced new agreements for custom procedure trays CPTs, packs, gowns and related products that offer Premier members the option of capturing up-front price savings on current CPT purchases as well...
