Schmidt Group Updates | June 2024

May MedTech Wrap-Up

• Pharma exec charged with cyberstalking Aetna leaders
• Hacking risk found in Baxter’s patient monitoring devices
• Why Walmart, Walgreens, CVS retail health clinic experiment is struggling
• NIH Leaders Evade FOIA? Discovery of Counterfeit Ozempic; Device Battery Scam?
• Johnson & Johnson acquires Shockwave in $13.1bn deal
• National Nurses United pushes back against deployment of 'unproven' AI in healthcare
• Karl Storz agrees to acquire Asensus Surgical
• Medical device company to pay $42 million to resolve US lead-testing defect charges

Top-Talent Seeking Opportunities

Multi-Year Award Winning High Growth Commercial Leader

• 20+ years in the medical/surgical device industry
• 5 start-up companies with 2 successful exits
• Extensive experience is general, cardiac, thoracic, vascular, urology, gastroenterology, endoscopy, bariatrics, interventional cardiology, and digital imaging capital equipment.
• Long-standing, deep professional and clinical relationships throughout the country
• Visionary and inspirational leader focused on creating a culture of strong teamwork, integrity, collaboration, and trust to accelerate sales revenue growth and market adoption.

Interested in full-time commercial leadership roles: Regional, Area, National Manager

Experienced MedTech Sales Operations and Finance Professional

• Accomplished mid-senior level manager with 22 years’ experience in orthopedics with emphasis in sales operations, accounting/finance, compensation development/processing, project management, and system implementation and training to the field.

Interested in full-time sales operations or finance role at established, reputable, culture/people-focused medical device companies or healthcare organizations.  

If you wish to speak to either of these candidates, call Neal at 985-789-0490 or use the link below to schedule a meeting!

When you’re ready to upgrade from “business as usual”, reach out to Bonnie!

International Recognition of Medical Devices

On May 21, 2024, the MHRA issued a Statement of Policy Intent on the International Recognition of Medical Devices. This international collaboration will expedite access to medical technologies in Great Britain, providing access to innovative healthcare technologies while maintaining patient safety.

Currently recognizing EU certifications, the MHRA plans to expand recognition to include Australia, Canada, the EU, and the USA, while retaining authority to reject insufficiently supported applications.

The policy is set to be implemented alongside new core regulations anticipated in 2025, with transitional arrangements for existing UKCA-marked devices. This will be dependent on the outcome of the UK General Election on July 4th 2024.

If you want to know more about leveraging regulatory approvals to access international markets, please contact Psephos at [email protected].

The Hurricane cocktail was created at the historic Pat O’Brien’s bar, sometime in the 1940’s. The name of the drink comes from the shape of the glass it is served in, which resembles a hurricane lamp - Similar to a modern-day oil, or kerosene, lantern.

During that time, certain liquor, like whiskey, was in short supply but there was an overabundance of rum. Some claim that during WWII, manufacturing replaced domestic distilleries while Caribbean isles continued shipping rum to the states, leading to the oversupply; Others claim that the decade of prohibition lead to imported rum being stockpiled in warehouses, since it couldn’t legally be sold. Both are probably true but either way, this resulted in bar owners being forced to order 50 cases of rum for every 1 case of whiskey. To sell the rum, O’Brien invented the Hurricane; A large glass, heavy handed pour of rum, and some fruit juices to overshadow the liquor.

Hurricane Recipe

• ½ oz. fresh lime juice
• 1 tablespoon simple syrup
• 1 tablespoon grenadine

Garnish: orange slice and cherry

Shake all ingredients in a cocktail shaker with ice and strain into a hurricane glass filled with ice. Garnish with a cherry and an orange slice.

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

• 165 Independent Offices Worldwide
• Global Artificial Intelligence System
• Database of +80,000 potential candidates