2013’s ‘How to Attract the Attention of a Medtronic’

33 min reading time

2013’s ‘How to Attract the Attention of a Medtronic’

Reading Time: 33 minutes


Medical Device Strategic Partnerships

Director of Corporate Development for Medtronic Mark Pacyna presented “How to Catch the Attention of a Medtronic” at the 10x Medical Device Conference.

Among his quotables:

“If you can’t improve outcomes, expand access, optimize efficiencies within the system, that opportunity will not get funded at Medtronic.”

“We’re worried – as a Medtronic – that there’s going to be less innovation out there because there’s less dollars chasing unique ideas.”

And did you know Medtronic has $500 million invested in small startups around the world?

Watch the video. Read the transcript. Learn, and share with your colleagues.

Click for transcript. »

Watch this video and understand why Richard Satava is speaking at the 2014 10x Medical Device Conference

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Watch this video and understand why Richard Satava is speaking at the 2014 10x Medical Device Conference

Reading Time: < 1


Watch this video to see what Dr. Richard M. Satava sees as the realm of the possible for medical devices. Some of these concepts were developed 20 years ago… and they’re still not widely used. Why? And can you make a difference?

And these technologies from 2011:

Dr. Satava has some ideas how we might accelerate adoption for medical practitioners and maybe we’ll spark an idea you can incorporate into your strategic plans.
See you in May!

Senator Amy Klobuchar (D-MN), Representative Erik Paulsen (R-MN) To Open 10x Medical Device Conference, April 29 in Minneapolis

2 min reading time

Senator Amy Klobuchar (D-MN), Representative Erik Paulsen (R-MN) To Open 10x Medical Device Conference, April 29 in Minneapolis

Reading Time: 2 minutes


Legislators to Brief Industry on Medical Device Tax Repeal Outlook

Minneapolis, MN – April 15, 2013 – Sen. Amy Klobuchar (D-MN) and Rep. Erik Paulsen (R-MN03) are scheduled to open the inaugural 10x Medical Device Conference at the Hyatt Regency on Nicollet Mall on Monday, April 29 at 8:00 a.m.

Sen. Klobuchar and Rep. Paulsen will be joined by Shaye Mandle, Executive Vice President and Chief Operating Officer for LifeScience Alley, and Allison Giles, Vice President of Federal Affairs for Cook Medical, a primary sponsor of the no2point3.com petition effort last year. The discussion will give a Washington update for the medical devices industry and advise device executives how to support the tax repeal effort.

The two-day conference is hosted by the Medical Devices Group, the world’s largest medical device community and the industry’s only spam-free, curated forum for intelligent discussion among industry thought leaders. The Minneapolis conference is designed for professionals who work in or serve the medical device industry, with an emphasis on device companies looking for new avenues of growth.

The conference features speakers from Switzerland, Ireland, Italy, Costa Rica, and the United States, including:

• Mark DuVal, President, DuVal & Associates

• Mark Pacyna, Director of Corporate Development, Medtronic

• Sailesh Chutani, CEO and -Founder, Mobisante

• Steve Anderson, Chief Executive Officer, Preceptis Medical

• Tom McCall, Chief Marketing Officer, ICU Medical

• Jim Stauner, Operating Partner, Roundtable

• Kathleen Malaspina, Chief Innovation Officer, OrthoAccel Technologies

• Arch Dumenigo, Director of Strategy, Razorfish Healthware

• Linda Rouse O’Neill, Vice President, Government Affairs, HIDA

• Rick Hogan, CEO, Kismet Life Science

“I’m delighted to gather the most prolific Medical Devices Group members together for two days of networking and business-building discussion,” said Joe Hage, leader of the Medical Devices Group and the conference organizer. “I can already tell this is going to be an annual event.”

For details and registration, visit http://mdemulti.wpengine.com.

Medical Devices Group Contact:

Joe Hage
Medical Devices Group
Leader
425.415.6171

JHage@MedicalDevicesGroup.net.

10x Medical Device Conference Contact:
Karen Anderson
Medical Devices Group
Manager
206.669.5042

Karen@MedicalDeviceEvents.net.

About The 10x Medical Device Conference

The 10x Medical Device Conference will be held April 29 and 30, 2013 at the Hyatt Regency on Nicollet Mall in Minneapolis, MN. The event is designed for professionals who work in or serve the medical device industry, with an emphasis on device companies looking for new avenues of growth.

About The Medical Devices Group

With more than 170,000 LinkedIn members and adding 1,000+ members weekly, the Medical Devices Group is the world’s largest medical device community and the industry’s only spam-free, curated forum for intelligent conversations with medical device thought leaders. Membership is open to professionals in and serving the medical devices industry worldwide who wish to build their personal and corporate brands. The group provides meaningful discussion and debate, job leads, opportunities to network, access to specialized subgroups, and opportunities to meet in person.

Visit http://MedicalDevicesGroup.net for webinars, blogs, videos, and features LinkedIn does not yet support. For more information, contact Medical Devices Group Leader Joe Hage at 425.415.6171 or email him at JHage@MedicalDevicesGroup.net.

Medical Device Events : Live Webcasts vs Recorded, Downloadable Video

3 min reading time

Medical Device Events : Live Webcasts vs Recorded, Downloadable Video

Reading Time: 3 minutes


Michael Yonchenko

Guest post from Michael Yonchenko who has many years of experience in medical device events recording and communications and who will be recording the 10x Conference in Minneapolis this year.

In the 1980s many of my medical device and pharma clients asked me to produce marketing videoconferences live-via-satellite.

These live events were “narrowcast” to predetermined locations in many cities around the country.

The defined audience was potential buyers of my clients’ products. The content for these programs was well-defined and presented. Audience members could interact with the presenters via phone lines. Many, but not all, resulted in meeting intended goals and objectives.

These were very expensive programs to produce. Unless the cost of the program was +/- $100/participant there would not be a justifiable ROI. Videoconferencing was often just an exciting corporate communications fad. Marketing executives had found a fill and needed it.

New webcast applications have become more reliable and easier to use. And like the videoconferences of the 1980’s many are simply not a worthy investment. Often, presenters do not consider four essential criteria that must be met if their live webcast is going to be effective and meet their desired goals and outcomes.

These criteria have not changed since the videoconferencing in the 1980’s. If all four criteria are not met, it is likely that there is another communications technology that will be more effective. The criteria are:

  • The information presented must be time-sensitive.
  • The program needs to presented to a large audience.
  • This audience must be geographically dispersed over a wide area.
  • The audience must have the opportunity to interact with the program presenters.

Many marketing webcast presenters believe that webcasts reduce the need for corporate travel. However, there are often situations in which more can be accomplished in a face-to-face meeting than can ever be accomplished via a webcast. Executives often like to travel to see their colleagues or to meet directly with their clients.

Live webcasts users are locked into a viewing schedule that may be inconvenient. Would you watch a live webcast rather than attend a required senior management meeting? Not likely.

Very few webcasts take advantage of the powerful use of the visual technology that is available to them. Short video segments can take the viewer to places they otherwise cannot get to and show them things that they otherwise cannot see.

For example, what better way is there to demonstrate the mechanism of action of a drug-eluding stent than through the use of an anatomical animation? Too many medical device events produce webcasts presenting speakers who use poorly produced PowerPoint slides. The speaker drones on while reading the huge volume of print in each slide. You can listen to this webcast rather than view it and the effect will be the same.

However, a short, well-produced downloadable video that can be viewed at anytime usually accomplishes a great deal more than a live webcast that is not well-produced or doesn’t meet the criteria listed above. And don’t forget the printed word! There is no denying that a simple brochure or white paper can still be an effective means of communication.

Take a dispassionate look at your communications goals and objectives, the real cost of reaching your audience, and the most effective use of the available communications technologies. Beware of the fill. You may not need it.

About The Author

Michael Yonchenko, Founder and Co-Principal of Cogent Communications, specializes in the production of video, multimedia, and live events exclusively for the medical device and pharmaceutical industries. Early in his career, Michael was a head of the Division of Instructional Media at the Stanford University School of Medicine where he wrote, produced and directed video training programs and worked in the development of live videoconferences via satellite. In 1981, Michael formed Cogent Communications to produce programs for the medical device, pharmaceutical, and other health-related institutions. Cogent CommunicationsCogent has won 80 national and international awards including the 1996 C. Everett Koop, M.D. Award for Best Medical Education Program from the American Medical Association. For more information go to http://www.cogentcomm.biz.

Joe Hage: "I Hate Boring Conferences"

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Joe Hage: “I Hate Boring Conferences”

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I hate boring conferences, so this medical device conference will not be boring. It may not even be a conference.

10x is a thought leaders forum for medical device execs. We limit participation to 200 guests to keep it intimate and meaningful. I’ll know everyone there and could introduce you around.

I’m calling 10x a “Conference” because people know what a conference is. But what is it really?

A Medical Device Reunion.

If, as attendees, you do this conference the right way, you’ll know one another so well by the time you get there, we’ll have a reunion.

“Oh, Michelle and Perry! I’m so happy to finally meet you both in person! Thanks for the work you’re doing with the Entrepreneurs subgroup.”

“Carl, I really like the three-minute video like Joe’s site. Can we shoot one like that at the hotel?”

And I can tell you now, Siraj needs to meet Tapan.

See how this works? The Joe Hage conference will be unlike any other you have ever attended; no ordinary conference this. Let’s make real business connections.

I intend to update the “Who’s Attending” worksheet continuously so our guests can see who is joining us.

So, my guests, go! Meet fellow Medical Devices Group members. Make business!

And let me know how I can help!
Joe

New Medical Device Innovation Consortium aims to streamline development processes

2 min reading time

New Medical Device Innovation Consortium aims to streamline development processes

Reading Time: 2 minutes


There’s a new player in the game for medical device development in the U.S.: The Medical Device Innovation Consortium.

The U.S. Food and Drug Administration, under criticism from the medical device industry for its burdensome review process, announced last week its intention to collaborate with private companies through the consortium. The new nonprofit is intended to find, test, and implement new ideas.

This comes as good news for medical device innovators, some of whom have begun launching their cutting edge products in Europe rather while waiting for approval to enter the U.S. market.

The impetus for the Medical Device Innovation Consortium (MDIC) came from LifeScience Alley, the largest state-based life sciences trade association in the U.S. The Minnesota-based group includes Medtronic, St. Jude Medical,  Mayo Clinic, Boston Scientific, Cargill, and the University of Minnesota.

LifeScience Alley worked with the FDA’s Center for Devices and Radiological Health (CDRH) to develop the new non-profit organization. Dr. Maura Donovan, who has been vice president of therapy research and development with Medtronic, has been loaned by Medtronic to serve as interim executive director for the MDIC.

The Medical Device Innovation Consortium will function in the pre-competitive medical device research space, with initial objectives focused on the creation of scientific tools to assist stakeholders in developing and assessing the safety and effectiveness of new medical device products.  The ultimate goals of the MDIC are to enhance the quality and performance of medical devices;  improve the timeline of availability of these products to patients; and validate and qualify new methods, tools, approaches and standards in order to increase transparency and effectiveness for industry stakeholders.

— Dec. 3 announcement from LifeScience Alley

All the comments we’ve seen about the new consortium are cautiously optimistic. Its success would mean some very positive change for the medical device field. You can bet we’ll be hearing a lot about it at the 10x Medical Device Conference in April.

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