Industry News

We found the following news articles worth reading …
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4 medtech companies to watch this week in earnings - GE HealthCare is among the top medtech companies posting financial results in the third week of this earnings season.
https://www.medtechdive.com/news/medtech-companies-earnings-ge-stryker-insulet-zimvie/698197

As COVID sales crater, Pfizer takes $5.6B in inventory write-offs on Paxlovid, Comirnaty - For Pfizer, several years of pandemic megaprofits have soured as overstocked COVID-19 drugs and vaccines take a major toll on the drug behemoth’s financials.
https://www.fiercepharma.com/pharma/pfizer-gets-walloped-56b-write-down-covid-sales-continue-disappoint

UK Government Invest £100m In AI for Life Science - A new mission announced by Rishi Sunak will accelerate the use of AI in life sciences to tackle the biggest health challenges of our generation.
https://pharmaceuticalmanufacturer.media/pharma-manufacturing-news/latest-pharmaceutical-manufacturing-news/uk-government-invest-%C2%A3100m

AI and Digital Tools Will Ease the Skills Gap, Just Not the Way You Think - This Q&A with experts from consulting firm Deloitte discusses how manufacturers can use AI and digital transformation tools to create a connected workplace culture and ease the labor strain on manufacturers.
https://www.engineering.com/story/ai-and-digital-tools-will-ease-the-skills-gap-just-not-the-way-you-think

UK MHRA unveils new regulatory sandbox for testing AI - The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) has announced what it describes as a ‘regulatory sandbox’ where artificial intelligence products are set to be tested.
https://www.globaldata.com/newsletter/details/uk-mhra-unveils-new-regulatory-sandbox-for-testing-ai_157838

LinkedIn Launches New AI Summary Tools, Reaches 1B Members - LinkedIn has announced that it’s now reached a new milestone of 1 billion total members.
https://www.socialmediatoday.com/news/linkedin-launches-new-ai-summary-tools-articles-job-ads-reaches-1B/698529

AI surgical training device in development by UK Robotarium - The artificial intelligence driven training device, developed in collaboration with the University of Dundee, aims to improve surgical training in keyhole and laparoscopic procedures.
https://www.globaldata.com/newsletter/details/ai-surgical-training-device-in-development-by-uk-robotarium_139365

Google Launches New Domain Extension for More Unique URLs - The new domain extension is .ing, which will enable you to construct various adverb-inspired URLs for your business.
https://www.socialmediatoday.com/news/google-launches-new-domain-extension-more-unique-urls/698366

J&J targets 2024 for Ottava FDA filing - The company expects to file a submission for an investigational device exemption in the second half of 2024 that will allow it to begin clinical trials for the robotic surgery system.
https://www.medtechdive.com/news/jj-fda-ide-ottava-surgical-robot/699013

5 companies to watch as medtech earnings wind down -
https://www.medtechdive.com/news/medtech-earnings-zimmer-bd-masimo-illumina-medtronic/698829

Siemens Healthineers to lay off 300 workers, move some manufacturing to Ireland - The moves are part of a larger restructuring plan as its diagnostics business faces economic challenges.
https://www.medtechdive.com/news/siemens-layoff-300-workers-new-jersey/698845

J&J MedTech aims to put Ottava surgical robot up for US clinical trials in late 2024 - Johnson & Johnson MedTech has given itself a new deadline for the development of its long-awaited entrant into the globally competitive robotic surgery market.
https://www.fiercebiotech.com/medtech/jj-medtech-aims-put-ottava-surgical-robot-us-clinical-trials-late-2024

Rapid Injection Molding: 5 Things Engineers Need to Know - Understanding the differences between traditional tooling and rapid injection molds helps ensure better parts.
https://www.engineering.com/story/rapid-injection-molding-5-things-engineers-need-to-know

Major Advertisers Pull Out of X, Which Could Spark a Bigger Shift Away From the App -
https://www.socialmediatoday.com/news/major-advertisers-pull-out-x-could-spark-a-bigger-shift/700250

Medtronic receives FDA approval for renal denervation device -
https://www.medtechdive.com/news/medtronic-fda-approval-symplicity-renal-denervation/700316

AR and VR in PLM Will Become Essential in 2024 -
https://www.engineering.com/story/ar-and-vr-in-plm-will-become-essential-in-2024

Leeds NHS and Johnson & Johnson MedTech develop new partnership -
https://www.med-technews.com/news/latest-medtech-news/leeds-nhs-trust-and-johnson-johnson-medtech-develop-new-coll

Engineered bacteria may be the key to EV battery recycling -
https://www.eurekamagazine.co.uk/content/news/engineered-bacteria-may-be-the-key-to-ev-battery-recycling

Roundup: Top medtech companies cut jobs in 2023 - Johnson & Johnson, Medtronic and Abbott were among the top companies to announce layoffs this year as the industry implemented cost-cutting measures.
https://www.medtechdive.com/news/medtech-layoffs-2023-3M-abbott-jnj-medtronic/700228

Medtronic wins pulsed field ablation CE mark, teeing up 2-front challenge to Boston Scientific - Medtronic received the mark for its single-shot PFA device, clearing the company to expand its portfolio of European atrial fibrillation devices.
https://www.medtechdive.com/news/medtronic-ce-mark-pulsed-field-ablation/700414

Roche grows hepatitis diagnostics roster with new immunoassays -
https://www.fiercebiotech.com/medtech/roche-grows-hepatitis-diagnostics-roster-launch-new-immunoassays