The refurbished medical equipment market is slated to be worth $9 billion by 2018, building at an annual growth rate of 8.2 percent, according to a new report from Transparency Market Research.
When the FDA approved Duchesnay USA’s Diclegis for morning sickness a few weeks ago, the drug became the only product available that was developed specifically for the treatment of nausea and vomiting that occurs during pregnancy, or NVP, in decades. Bendectin was on the market thirty years ago to treat NVP, but was taken off the market after the drug was linked to hundreds of lawsuits claiming that Bendectin caused birth defects, however, this turned out to be a false alarm. In 1983, the company voluntarily withdrew Bendectin.
A jury of ten in Kentucky found Advanced Bionics strictly liable and negligent for the manufacture and sale of a class III medical device, known as a cochlear implant. The jury also awarded puntiive damages against Advanced Bionics (parent company Sonova).
Workshop Dates: 28–29 September 2013
2013 RAPS Convergence Dates: 30 September –2 October 2013
Drug marketers seeking out physicians may want to consider how burned out doctors may
feel. Physicians are asked to see more patients on a limited schedule, which can lead to a hamster-on-the-wheel atmosphere. The 2013 Medscape Lifestyle Report identifies two in five of the nation’s doctors are burned out. The differences in burnout varied among specialties. In addition, health laws, private insurers, and employers will place greater demands on healthcare professionals to improve the quality of medical care and cutting costs.
SUMMARY: Each day, more than a million people in the U.S. with Type 1 diabetes juggle measuring their blood-sugar levels and administering insulin doses. Now a new generation of medical research and engineering has brought health care closer to a long-sought goal: small implantable devices that continuously monitor blood-sugar levels and administer insulin when needed. Devices that do, in effect, what a pancreas should.
The US Food and Drug Administration (FDA) would get a sizeable increase in its funding
under a new budget proposal released by the Obama Administration on 10 April 2013, but much of that funding comes in the form of user fees, reflecting some of the realities of an austere budget environment.
As the full implementation of the Affordable Healthcare Act draws closer, shifts and
changes are taking place within the industry. Medscape has released its Physician Compensation Report 2013, which reflects that income is up, frustrations still exist, and healthcare reform is making a definite impact on physician practices. Currently, 24 percent of physicians participate in an accountable care organization, compared with 8 percent last year.