DeviceTalks Podcast Network

In this week’s interview we talk with one of the newer orthopedics players on the block – Enovis, the entity formerly known as Colfax. CEO Matthew L. Trerotola walks us through the decision to move from a diversified industrial player into an orthopedics company and just how the company thinks it can compete against larger, established players in the market. Enovis is weighted heavily in extremities, putting it on a track for fast growth, but sees promising signs it can compete in large joint as well.

You’ll also hear our latest Fastball Patch from Cellular Vehicles. This episode was sponsored by DeviceTalks Boston.

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We hand over the reins to all-around great Medtech guy and sales guru Omar M. Khateeb, host of the State of Medtech show on LinkedIn. Chris Newmarker, executive editor of MassDevice, brought along his latest Newmarker’s Newsmakers delivering news about iCad, Better Therapeutics, Philips, GE Healthcare, Masimo and Signifier Health. Chris, Omar and Tom Salemi, Editorial Director of DeviceTalks, share their views on the news before sharing the lessons they’ve learned over their career about how Medtech professionals can position themselves for professional success. The conversation ranges far and wide with discussion about storytelling, knowing your powers, and the threat of “silent non-competes.” We mention a code in there to get 25% off the registration for DeviceTalks Boston (It's OMAR25) on May 10-11. Don’t be shy. Register now at DeviceTalks.com

In the premier episode of the new Boston Scientific Talks podcast series, we learn how Boston Scientific and IBM Research have joined together to address chronic pain - a physical, mental, and physiological condition affecting millions.

Boston Scientific's Director R&D, Discovery: Data and Design, Matt McDonald and IBM Research's Global Research Leader, Jeff Rogers shared how the partnership is helping to tailor the needs of the system to the needs of the patients, and the surprises they discovered along the way.

The partnership is giving Boston Scientific insights on the power of its stimulation devices but also a better understanding of the broader problem of pain.

Thank you to ProMed Molded Products for sponsoring this episode.

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In this episode we’ll speak with two leaders of Ronovo Surgical, a Shanghai-based surgical robotics company that’s looking to challenge Intuitive and all comers to the massive surgical market in China. CEO John Ma and CTO Ying Mao describe the benefits they see in Ronovo Surgical’s unique modular system design. The pair bring experience from Intuitive, Auris, and other medical device companies. Why does Ronovo see its Carina system as a more attractive alternative to legacy MIS systems? And how does it intend to tackle the China market and beyond?

Chris Newmarker, executive editor of life sciences, delivers his Newmarker’s Newsmakers after Host Tom Salemi bemoans the uncertain fate of his family’s Kia Rondo. Newsmakers include Silicon Valley Bank, Abbott, CVRx, AdvaMed, Johnson & Johnson and Medtronic.

You can find MassDevice Tip Line here. https://www.massdevice.com/massdevice-medtech-layoffs-tips-line/

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In the first episode of IntuitiveTalks' newest season, Dave Rosa, who served as executive vice president and chief strategy and growth officer at the time of the interview, shares a look into the past and a glimpse into the future of Intuitive. What did Intuitive look like early on? How does Intuitive define itself today? And what direction is Intuitive heading to further embed itself into the minimally-invasive hall of fame? Rosa was named president of the company in May 2023. Thanks to Maxon Group for sponsoring this episode.

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A week after the SVB Wall’s fall, we talk with medical device leaders about how they managed the run on Silicon Valley Bank, which filed for Chapter 11 bankruptcy procedure on the morning of the day this episode was published.

Pristine Surgical CEO Bryan Lord recounts the steps his management team took after the news broke Thursday night. He also walks us through the 10-point plan that he posted on LinkedIn, including commentary on how members of the industry can support each other. You can read his post here. https://www.linkedin.com/posts/bryanlord_one-ceos-playbook-for-svb-depositors-1-activity-7040425947308650496-FsEc?utm_source=share&utm_medium=member_desktop

Joe Mullings, CEO of the Mullings Group, says the venture capital and medtech industry need to take a long look in the mirror given their response to SVB’s cloudy financial picture. Now, the Medtech industry is facing uncertainty over the next 90 days as things sort out.

Medtech Innovator CEO Paul Grand walks through this week’s Newmarker’s Newsmakers with us including Perkin Elmer, Fire1, Medtronic, and, of course, Silicon Valley Bank. Paul shares his reaction to the SVB last week, the current economic climate, and what challenges Medtech may be facing in the future.

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In this podcast episode, Co-Hosts Tom Salemi and Chris Newmarker review how the medtech industry is handing the current shrinking job market. They’ll review this week’s Newmarker’s Newsmakers which includes Medtronic, Biosense Webster, Johnson & Johnson and high profile clinical meetings. Tom then interviews Mike Dineen, CEO of Tioga Cardiovascular, which is pushing the limits for heart valves. Tioga emerged from the prolific Shifamed incubator. Dineen gives history on both Shifamed and Tioga.

To learn more about the FTC’s review of non-competes go here. https://www.ftc.gov/news-events/news/press-releases/2023/03/ftc-extends-public-comment-period-its-proposed-rule-ban-noncompete-clauses-until-april-19

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In this episode, Annie Heath, Stryker’s vice president of diversity, equity and inclusion, explains how an interest in sales brought her to Stryker where she held positions in operations for most of her career. Heath also shares how her personal story inspired her to pursue a role leading Stryker’s DEI effort. In addition to building a more diverse workforce, Stryker is also collaborating with suppliers, clinical societies and other partners to create an environment where everyone feels included. This episode is sponsored by AcuityMD.

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Medtech layoffs continue to mount. We’ll use this episode to begin to explore external and internal challenges. Looking externally, longtime industry watcher Henry Soch, now an executive-in-residence at Matter, shares his concerns about the current and future ability of medical device companies – both big and small – getting new technologies into hospitals. You can read Soch’s blog post here. https://healtech.blog/2022/12/28/health-care-disruptors-to-watch-in-2023/

Then, Joe Mullings, CEO of the Mullings Group, brings us inside his conversations with senior leaders of the medical device industry. In this interview, a sober Mullings reviews some of the mistakes large strategics have made. The result may be a few months of layoffs and cost-cutting. Mullings says companies could help themselves and the industry by not requiring their terminated employees to sign non-compete agreements. Mullings ends with some hopeful signs for medtech and useful tips for people looking to protect their careers.

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In this week’s episode, we’ll hear pitches from the 10 start-ups that have been selected as finalists for Medtech Color’s Pitch Competition.

BIOMED – Bobby Ntoya

IllumifyDx - Maria Navas-Moreno

JuneBrain – Samantha Scott

Level 42 AI – Shash Jumbe

Movement Interactive – Eric Luster

Navigate Maternity – Ariana McGee

Oben Health – Peter Njongwe

Tanzen Medical – Nilanjan Banerjee, Justin Brooks

Thermaband – Debbie Dickinson, Markea Dickinson-Frazier

Youme Healthcare – Hafeezah Muhammad

Medtech Color Executive Director Kwame Ulmer joins Host Tom Salemi and Mass Device Associate Editor Sean Whooley on this week’s Newmarkers Newsmakers. This week’s list includes Johnson & Johnson, Origami Surgical, Asensus Surgical, Medtronic, AliveCor, and Apple.

We also discuss the pitch contest, Medtech Color’s history, and an assessment of how effective the industry has been in increasing diversity of leadership in recent years.

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