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U.S. Biomedical Leaders Present a New National Device Innovation Strategy Based on "Value-driven Engineering"
Date:6/16/2011

" said Dr. Uday N. Kumar, Founder and Chief Medical Officer of iRhythm Technologies Inc. and Fellowship Director of Global Biodesign at Stanford University.  "We need to preserve and protect quality, but reduce unnecessary complexity of design and focus on what is required for clinical utility and patient-centric use and function. These principles will lead to cost savings and efficiencies across health care systems, while maintaining or improving outcomes and promoting increased access to innovative new devices and services."

At the ABIA Safe Haven Summit on Value-driven Engineering and U.S. Global Competitiveness, former House Majority Leader Dick Gephardt, now President and CEO of Gephardt Government Affairs, and Chair, Council for American Medical Innovation, responded to the call for public-private collaboration outlined in the VdE initiative.  Reflecting on the model presented by SEMATECH (SEmiconductorMAnufacturingTECHnology), created in the late 1980s, Gephardt said, "SEMATECH  strengthened the U.S. semiconductor industry by leveraging resources and sharing risks to solve common manufacturing problems. I am pleased to see that a similar call for investments from the government and the private sector is being made to support device innovation through Value-driven Engineering.  Recommendations proposed in this white paper have the potential to help drive our nation's vitality by generating jobs and building upon our global leadership in the biomedical device sector."

U.S. Senator Sherrod Brown noted the leadership role the Austen BioInnovation Institute in Akron is taking in developing and implementing a new strategy for biomedical device development.

"Akron is home to world-class researchers and educators, business leaders and entrepreneurs and has earned its designation as a Hub of Biomaterials Innovation and a Center of Excellence for Biomedicine and Health Care. ABIA embodies the keys to our nation's economic compet
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SOURCE Austen BioInnovation Institute in Akron
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