WASHINGTON, Nov. 16, 2011 /PRNewswire-USNewswire/ -- Leaders within the U.S. biomedical device industry outlined a new strategy for global competitiveness, innovation and improved health care during a briefing today sponsored by the House Medical Technology Caucus.
Dr. Frank Douglas, president and CEO of the Austen BioInnovation Institute in Akron (ABIA), led a group of leaders from the corporate, academic and biomedical research sectors in describing "Value-driven Engineering" (VdE), an approach designed to enhance the development of devices that offer strong clinical utility, quality and cost efficiency for the entire healthcare system, and reduced complexity for the end user.
"Value-driven Engineering will become a key component of the nation's drive to bolster its 'bioinnovation economy,' maintain global competitiveness within the $350 billion medical device industry and ensure access to device innovation that improves human health," Dr. Douglas told the audience that consisted of Congressional staff, healthcare representatives and thought leaders.
He was joined by Dr. Carl Schramm, president and CEO of The Ewing Marion Kauffman Foundation; Dr. Uday N. Kumar, founder of iRhythm Technologies Inc. and fellowship director of Global Biodesign at Stanford University; Mike Hess, vice president of Innovation Excellence at Medtronic; and Dr. Martha Gray, professor of Medical and Electrical Engineering, Harvard-Massachusetts Institute of Technology Division of Health Sciences and Technology. Congressional members hosting the briefing included caucus co-chairs Reps. Anna Eshoo, D-Cal., and Erik Paulsen, R-Minn., as well as Rep. Betty Sutton, D-Ohio.
In his remarks, Dr. Douglas referenced a white paper his group issued in June that introduced a unique blueprint to create medical devices that are simple in design and cost effective. The blueprint, "Platform to Advance Value-driven Engineering" (PAVE), was created to guide the nation's f
|SOURCE Austen BioInnovation Institute in Akron|
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