BOSTON – The shift to value-based care models and rise in digital technologies is causing medical device companies to rethink how and where they invest in innovation. There's less emphasis on core and adjacent product investments and more focus on transformational advances that don't just add new bells and whistles but expand access, improve outcomes and lower costs. Just what that looks like and how companies are adapting to this new innovation landscape was the focus of a session at the Medtech Conference this week.
BOSTON – How are some of the newer technologies and players being harnessed to address the needs of aging populations? That question kicked off a session titled "Revolutionizing the Silver Economy," which took place at the Medtech Conference in Boston on Monday.
BOSTON – The Advanced Medical Technology Association (Advamed) opened its annual conference here in the capital of the Bay State with an emphasis on several policy points, including greater diversity and inclusion in the med-tech industry. Advamed board chairman Kevin Lobo said the device industry lags behind other industries in this regard, adding that device makers need to recognize that workforce diversity is "the key to innovation, the key to business success."
BOSTON – The FDA's Center for Device and Radiological Health (CDRH) released draft guidance on Monday aimed at encouraging the use of patient input in medical device clinical trials and helping sponsors understand how they can use patient engagement to improve the design and conduct of investigations.