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Investing in MedTech: the true value of platform technologies
HIGH WYCOMBE, England, April 22, 2021 /PRNewswire/
Medical innovation has become a significant focus for venture capital investment in the last ten years. A growing, ageing population combined with the opportunity to develop global solutions is driving a spike in investment towards innovation that helps people better manage their wellbeing or enables them to get well sooner. Traditional pharmaceutical innovation has been supplemented with developments in medical technology.
The medical device industry is predicted to be worth more than $8.5 billion by 2025 - with bioelectronic medicine being one of the fastest growing areas of healthcare. In 2019 alone, almost 14,000 patent applications were filed with the European Patent Office (EPO) in the field of medical technology.
UofSC, industry partners develop pharmacy manufacturing technology
The new automated system – using Yaskawa Motoman’s robots and Siemens processing power – will help Nephron Pharmaceuticals solve one of the industry’s toughest problems.
Researchers and students from the
Siemens processing power – will help Columbia-based company
Nephron Pharmaceuticals solve one of the industry’s toughest problems: how to automate labor-intensive syringe-filling of small batch products safely and efficiently.
Traditionally, pre-filled syringes are filled by hand in clean-room environments. In recent years, stringent federal regulations have made this process increasingly difficult on individual workers tasked with standing in a clean room for hours on end performing the same repetitive motions. This new system will allow Nephron and future customers like hospitals to create safer products and provide workers with the ability to perform more productive tasks.