Schmidt Group Updates | April 2024

We’re celebrating a decade of success!

To our trusted partners: Thank you for choosing us as your partner in talent acquisition and development.  We look forward to continuing to connect you with the brightest in MedTech and helping you reach new heights of success.

March MedTech Wrap-Up

• Private Equity–Acquired Physician Practices And Market Penetration Increased Substantially, 2012–21
• The Future of MedTech Sales
• Biotech Executive Who Bet on Rival’s Stock Committed Insider Trading, Jury Says
• J&J boosts heart device business in $13.1 billion Shockwave deal
• Ten doctors on FDA panel reviewing Abbott heart device had financial ties with company
• Drug, Device Makers Paid Physicians $12 Billion in Just Under a Decade
• MedTech Mega Mergers: Cautionary Tale or Compelling Growth Strategy?
• South Florida mother permanently disabled after routine procedure: Lawsuit

Collaborative, innovative, and visionary business executive with diverse career progression aligned to consistent, multi-year award winning performance with Fortune 500 and Start Up organizations.

Accomplished and solutions-oriented leader providing significant and monumental expertise and impact to all involved organizations and stakeholders in the areas of Strategic and Corporate Accounts, Sales Leadership, Market Development, and creation and facilitation of Leadership Development and Sales Effectiveness Training Programs.

His multi-level skill sets and abilities to develop durable, in-depth leverageable relationships with customers and colleagues are recognized as exceptional by those who surround him including his peers and senior executive leadership teams. His character, integrity, and commitment to accountability are noted as unparalleled within his organizations and by his customers.

With over 20 years of leadership-based experience predominantly in the medical device industry, his skill sets and capabilities are transferable to any industry or market desiring an individual who is considered the best of the best in the noted roles within his career to date.

He is open to consideration for leadership level roles in the areas of Strategic & Corporate Accounts, Business Development, and Leadership Development Programs and Sales Effectiveness Training & Coaching with organizations that align to a solid fit for him from a cultural and career aspirations perspective.

If you wish to engage with this candidate, please contact Neal at 985.789.0490.

We have experience working with products in a variety of spaces, such as

• Pain Management
• Sports Medicine
• Neurology
• Cardiovascular
• General Surgery
• Oncology

& many more!

Let us tackle your niche, reach out:

Notified Bodies Survey 

The latest updated version of the Notified Bodies Survey on certifications and applications for Medical Device Regulation (MDR) and In Vitro Diagnostic Regulation (IVDR) was published on 13th March. The survey provides comprehensive insights into the certification and application processes overseen by Notified Bodies.

It is encouraging to once again see an increase in the number of Notified Bodies listed and the number of submissions being made by manufacturers. However, only 37.9% of the total MDR applications submitted resulted in certificates being issued, while for IVDR, the number is slightly higher at 46.8%. From these figures, it is clear that the certification processes are still taking a long time.  In fact, the data indicates that the certification processes under MDR and IVDR regulations can range from a few months to over a year, depending on the type of certificate and the Notified Body involved.

That said, no matter what these timelines are, manufacturers still need to make their submissions as soon as possible.

If you would like to discuss further, please contact us at [email protected]

This month’s recipe is a cocktail that is a little different from the traditional, boozy New Orleans drink. A Grasshopper is a minty, chocolatey drink that got its name for its bright green color.

The drink is said to have been invented by Philibert Guichet, owner of a historic bar and restaurant named Tujague’s. Tujague’s originally opened in 1856 but was purchased by Guichet in the 1910s. The cocktail’s exact birthdate is foggy due to prohibition, but legend says that the Grasshopper was invented in the late 1910s by Mr. Guichet while in New York City for a cocktail competition. Guichet's combination of equal parts crème de menthe, crème de cacao, and cream took second prize in the contest, and Guichet proudly brought the drink back to New Orleans. The drink took off around the United States and is still the most popular drink at Tujague’s.

Grasshopper Reicpe:

• 1-ounce green crème de menthe
• 1-ounce white crème de cacao
• 1-ounce heavy cream

Shake well with ice and strain into a cocktail glass.

We build executive teams.

Experts in medical device specializing in your key leadership positions

1099/Independents

R&D

Sales & Marketing

Regulatory/Quality

Engineering/Manufacturing

Neal Hightower, Owner and Managing Partner

[email protected]
(985) 789-0490

Neal specializes in C-level and International Leadership executive search.

www.sanfordrose.com/schmidtgroup

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