Archive for the ‘Business News’ Category

Arab Spring Might Spur Business Opportunities for Medical Device Manufacturers, says German Trade Agency

Thursday, August 22nd, 2013

After the upheavals of the last two years and the on-going turmoil in Egypt, the situation in the North African state is still quite uncertain. Nevertheless, the changing political landscape might result in enormous opportunities for medical device manufacturers. In its industry report [text is in German; log-in required], the ...

Proposed Amendments to Medical Device Regulations Stress Balancing Patient Safety with Innovation

Friday, August 2nd, 2013

Following the decision in early July by the European Parliament's Committee on the Environment, Public Health and Food Safety (ENVI) to delay its vote on the medical device regulations, the Committee on the Internal Market and Consumer Protection published an opinion report making amendment suggestions.

Russian Government May Exclude Foreign Manufacturers from Certain Medical Device Tenders

Thursday, August 1st, 2013

Medical device companies may find it more difficult to export products to Russia in the near future, according to the German foreign trade agency Germany Trade & Invest (GTAI). The Russian Ministry of Industry and Trade reportedly is preparing a law that would prohibit foreign companies from participating in government ...

German Business Morale Continues to Improve

Monday, July 29th, 2013

Some good news came out of Germany last week, with business morale rising for a third straight month, according to the Ifo think tank's monthly survey of some 7000 companies. "Europe's largest economy is picking up steam and should post modest growth in this election year," reported the Financial Times ...

Phillips-Medisize Acquires Medical Manufacturing Plants in China, Mexico

Thursday, July 25th, 2013

From the wire: Phillips-Medisize Corp. announced today that it has entered into a definitive agreement with the Adval Tech Group to purchase, for an undisclosed amount, two manufacturing operations: Adval Tech Medical (Suzhou) Company Ltd, in Suzhou, China, and Omni Manufacturing Services S.A. de C. V. in Queretaro, Mexico. The transaction is expected to ...

Biomet Will Shut Down Swiss Facility, Lay Off 230 Workers

Tuesday, July 23rd, 2013

Orthopaedics manufacturer Biomet has announced that it will close its Swiss facility in Le Locle. The company cites declining global prices for medical devices and a challenging economic environment as the reason for the closure in a press release. Headquartered in Warsaw, IN, USA, Biomet will relocate Swiss operations to ...

Steripack Increases Production Capabilities in Malaysia

Monday, July 15th, 2013

Medical packaging specialist Steripack has expanded its production site in Klang, Malaysia. The company says that the aim of the newly built CGMP-compliant Grade D facility is to ensure that the group can offer world-class blister packaging services to regional customers.

Medical Polymers Specialist Raumedic Expands German Headquarters

Thursday, July 11th, 2013

[caption id="attachment_31698" align="alignleft" width="138"] Raumedic headquarters in Helmbrechts, Germany.[/caption] Raumedic AG has announced that it will invest €26 million in a new building with cleanroom production and manufacturing capabilities as well as laboratory and office space at its headquarters in the Bavarian town of Helmbrechts. Completion of the work is scheduled for ...

Attempted Friendly Takeover Leads to Bad Blood between B. Braun and Rhön Clinics

Thursday, June 27th, 2013

The fight between medical device manufacturer B. Braun (Melsungen, Germany) and Rhön (Bad Neustadt, Germany), which runs a chain of clinics in Germany, continues to escalate.

Queen’s Award Crowns Two MEDTEC UK Exhibitors

Thursday, May 2nd, 2013

MEDTEC UK exhibitors Prisym ID (Wokingham, UK) and Proto Labs (Shropshire, UK) were in a very good mood, and not just because the event settled into its new home at the London Olympia with aplomb. Both companies are recipients of the Queen's Award 2013: Prisym ID received the accolade in ...

Healthy Outlook for Wound-Care Sector

Wednesday, April 3rd, 2013

The advanced wound-care market is forecast to grow 4% per annum during the next five years, and that is getting the attention of major players in the healthcare sector. For example, German giant Bayer, which does not have a dedicated wound-care division, has let it be known that it is ...

Healthcare Industry Remains Key Customer for Europe’s Micro- and Nanotech Sector

Tuesday, April 2nd, 2013

The medtech and larger healthcare markets remain a key focus of European suppliers of micro- and nanotechnology and advanced materials, according to a survey just published by IVAM Research, an arm of industry association IVAM. Sixteen percent of respondents indicated that the medical technology and healthcare sectors, which topped the ...