MedTech 101

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In this episode, Rodney has an open floor discussion, co-hosted with Karandeep Singh Badwal who is the Host of The MedTech Podcast.

Points Covered:
1. Our backgrounds 
2. What our podcasts are about? And why we started them 
3. Question for Karandeep: Current affairs, what does the extension of MDR mean? Why it takes so long? 
4. Question for Rodney: how you managed to travel around so much and what tips you would offer to those who may want or need to do the same for work, life etc. and MORE!!

Timestamp

00:00 Intro
01:05 Karandeep’s Background 
04:44 Rodney’s Background 
08:46 Karandeep’s Journey 
12:45  Rodney’s Journey 
17:30 In person podcast recordings 
20:00 Karandeep on Regulatory matters 
28:55 Rodney’s Global Travel and life perspective 
36:00 Benefits of travel  and exploring different cultures 
41:20 Sources of motivation 

The MedTech Podcast (https://podcasts.apple.com/gb/podcast/the-medtech-podcast/id1567222630)

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In this exciting episode, we sat down with Truels Lone, Co-Founder of VennDi, a new startup working to digitalize the process in which pain is mapped in young children between 5-13 years of age. We touched on many exciting things.
(VIDEO AVAILABLE ON YOUTUBE!!)

Timestamp
00:00 PART 2 Intro
00:34 What are the 2 main types of pain
08:54 Approaches for Kids in App Design 
10:46 Power of using an Avatar 
12:59 Risk management 
17:26 HMI design and users
22:29 Infrastructure of the app
25:33 ClinicalTrials 
26:36 Estimated market launch 
28:09 Delayed gratification approach 
30:09 Lessons learnt from starting something new
32:46 Securing Funding 
34:51 Timing

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In this exciting episode, we sat down with Truels Lone, Co-Founder of VennDi, a new startup working to digitalize the process in which pain is mapped in young children between 5-13 years of age. We touched on many exciting things.
(VIDEO AVAILABLE ON YOUTUBE!!)

Timestamp
00:00 Intro 
01:55 Funding and intro VennDi
03:30 External Approaches to Startups
04:55 No need to reinvent the wheel
05:55 Moving from engineering to business 
07:30 University ownership of IP
08:10 How we met
10:22 Intro of VennDi 
15:15 Meaning of VennDi 
16:00 Picking Roles in a StartUp
20:30 App Description
25:00 Use of Avatars 
27:47 Measuring pain and the biology 
29:40 App interface 
30:14 Money and time saved

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Cancer treatment comes with many side effects such as hair loss or nerve cell damage in the limbs. This is what Paxman Scalp Cooling is fighting to minimise in chemotherapy patients. In this episode, Rodney speaks to Richard Paxman OBE, CEO of Paxman Scalp Coolers about the medtech products they offer, their history and motivating factors. Additionally, talking about other exciting stuff.

Timestamps:
02:28 Intro
03:38 Link to sister company (Brewfitt) 
04:35 Entry into MedTech industry (history) 
08:56 Description of the scalp cap
09:53 Personalized Cap design for patients 
12:32 New tech for pheripheral Neuropathy 
15:02 How I met Richard Paxman 
20:44 How I started working on the CIPN Machine 
22:13 Richard’s perspective when he first met me 
24:12 When to expect CIPN Machine on the market
29:15 What makes the CIPN machine special 
30:53 Other LESS KNOWN machines Paxman has made
34:22 Working principle of the Scalp Cap
35:54 What motivates Richard Paxman
37:55 Richard’s view of the future 
39:18 How to grow a MedTech company, entering new markets, securing funding

Paxman Working Principle (https://paxmanscalpcooling.com/science/)

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Featuring Mika-Petteri Kuro, CEO of Helmee Imaging. We discuss Helmee Imaging's fascinating Covered Stereo Deflectometry (CSD) Technology. How the technology is replacing the Human Eye in visual inspection. We also explore possible future applications of this technology in MedTech to help improve medical devices production. Amongst several other fun things, we discussed!!

Points
- New Technological Products for Helmee Imaging
- Helmee Imaging’s R&D Turnover
- Helmee Company size
- Human Resources management for tasks\\
- Helmee Imaging’s Tunnel technology
- Working Conditions in Finland
- How Scandinavia Competes with the Rest of the world despite summer breaks
- Balancing time with Family and work
-  In What ways Helmee Imaging is contributing to sustainable development?
- M-P Kuro Thoughts for the future
- Where Will humans still be needed with all this smart technology
- What should be automated
- Opportunities to improve work conditions
- Potential for applications in Metrology or 3D printers input Scan & MedTech 

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Featuring Mika-Petteri Kuro, CEO of Helmee Imaging. We discuss Helmee Imaging's fascinating Covered Stereo Deflectometry (CSD) Technology. How the technology is replacing the Human Eye in visual inspection. We also explore possible future applications of this technology in MedTech to help improve medical devices production. Amongst several other fun things, we discussed!! 

Points 

- Background 
- What does Helmee Imaging do? 
- Covered Stereo Deflectometry (CSD)Technology 
- Helmee replacing the human eye in factories 
- Objects CSD can see; History of Helmee Imaging  and Growth projection
- Helmee’s adaptability during COVID Pandemic 
- Disadvantages that the CSD technology is solving 
- How much money the CSD technology save a company
- Factors affecting Performance of the CSD technology 
- Growth Strategy for Helmee Imaging
- Can an entire Tesla Car fit into the dome or tunnel tech products?

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Medical devices are still not easily accessible in most of the least developed countries in the world. In today’s episode, Rodney talks about how this disparity could be reduced in a more sustainable way. 

Timestamps 

(02:50) Introduction
(03:54) Charity 
(07:22) Movement of capital 
(12:05) Extensive Research & Development 
(15:35) Generic Medical Devices 
(18:31) Episode Summary

Interesting Reads

1. BLM Bankruptcy (https://www.dailymail.co.uk/news/article-12131281/Only-33-BLMs-90M-donations-helped-charitable-foundations.html)
2. The Production of Space by Henri Lefebrve (https://www.amazon.co.uk/Production-Space-Henri-Lefebvre/dp/0631181776/ref=sr_1_1?crid=WE0YUC5IJERN&keywords=the+production+of+space&qid=1685559997&sprefix=The+production+of+%2Caps%2C93&sr=8-1)
3. How Europe Underdeveloped Africa by Walter Rodney (https://www.amazon.co.uk/How-Europe-Underdeveloped-Africa/dp/B07JHWNX6H/ref=sr_1_1?crid=1N57A9OFZ0PJ0&keywords=how+europe+underdeveloped+africa&qid=1685560054&sprefix=how+eu%2Caps%2C84&sr=8-1)
4. How cells phone change the world?

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Medical devices are really expensive! With some MRI scans costing over 1 Million US Dollars. 67% of bankruptcies in the USA are caused by medical bills. In today’s episode, Rodney talks about what affects the price of these medical devices, which also impacts overall healthcare costs. 

Timestamps 

(03:03) Introduction
(03:10) Regulations
(05:14) Research & Development
(07:38) Medical device classification
(08:47) Marketing and Distribution
(10:55) Entry to the Chinese Market
(11:22) Factors affecting drug performance
(12:22) Medical device distribution in USA
(14:46) Manufacturing and Maintenance of medical devices
(16:58) Conclusion
(18:00) Episode Summary

Interesting points to Read:

1. Cost of MRI machines (https://www.mripetctsource.com/mri-machine-cost-guide/?amp)
2. Medical Bill bankruptcy in USA (https://www.retireguide.com/retirement-planning/risks/medical-bankruptcy-statistics/)
3. Ethnic Pharmacokinetics 
4. Entry to Chinese market (https://www.emergobyul.com/services/china-medical-device-registration-and-approval)
5. Cutting the middlemen (https://www.4sighthealth.com/why-cutting-out-the-middleman-can-reduce-healthcare-spending/)

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Sustainable business practice has become a key point of discussion across all industries. MedTech seems to get a lot of slack for being slow to respond to it. In today's episode, Rodney talks about the challenges the MedTech Industry is facing towards being more sustainable.

Timestamp:

(02:43)  Intro 
(03:38) What is Sustainability 
(04:40) Medical Grade Materials 
(06:26) Maintaining Sterility 
(12:01) Incentives
(14:34) Possible Solutions
(16:51) Summary
(18:20) Vote of Thanks

Interesting Points to READ:

1. Environmental impact of Medical Devices (https://www.mdpi.com/2673-1592/3/4/33)
2. Milton Friedman on the Pencil (https://www.youtube.com/watch?v=67tHtpac5ws)

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AI is taking over everywhere in the world, but for MedTech, what does it mean?! Can we replace medical doctors or make their workload lighter? In today's episode, Rodney talks about AI fundamentals, how AI could be used in MedTech, and the current limitations.

Timestamps:

(02:45) Intro
(03:41) Definitions of AI, ML and DL
(05:16) What is a Neural Network
(06:13) Deep Learning 
(08:38) Machine Learning 
(09:54) Artificial Intelligence
(11:50) New Possibilities from AI for MedTech
(13:33) Needs for AI to Pass for MedTech Use
(16:15) Limitations that are facing AI 
(20:18) Possible Best solutions
(21:52) Episode Summary

 
Interesting points to READ:

1. 7 MIL people on the waiting list for NHS (https://www.dailymail.co.uk/health/article-11982645/Who-hit-hardest-NHS-waiting-list-SEVEN-MILLION-people.html)
2. GPT-4 System Card (https://cdn.openai.com/papers/gpt-4-system-card.pdf)
3. AI vs ML vs DL (https://www.ibm.com/cloud/blog/ai-vs-machine-learning-vs-deep-learning-vs-neural-networks)
4. Difficulties understanding the Human Brain (https://alleninstitute.org/news/why-is-the-human-brain-so-difficult-to-understand-we-asked-4-neuroscientists/)

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