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SmartTRAK Life Sciences News and Analysis Blog

5 min read

COVID-19 Updates: The State of MedTech as Reopening Begins

By Thomas Wallick on 4/27/20 3:35 PM

The Covid-19 crisis continues to impact the world-wide medical community. As some parts of the world take steps toward reopening, a more complete picture is forming of the effects on the global Life Sciences industry. SmartTRAK's analysts are constantly monitoring data and sifting through the noise to present the most relevant news to its subscribers in real-time updates throughout the day.

Following is a small sampling of the hundreds of COVID-19 updates from the past week that were compiled, reviewed and posted by our analysts on SmartTRAK:

Mesoblast MSC Product Initially Proves Successful in COVID-19 Related ARDS 

Mesoblast announced 83% survival in ventilator-dependent COVID-19 pts w/ moderate/severe acute respiratory distress syndrome (ARDS) treated w/ two IV infusions of remestemcel-L (allogenic MSCs) w/in the first five days.

Impact of COVID-19 on CAS in the US
SmartTRAK took a preliminary look at the impact of the COVID-19 pandemic on procedure volumes & capital equipment placement of orthopedic and spine enabling technologies, with projected recovery into 2021. Impact of COVID-19 on US Orthopedic and Spine Computer-Assisted Surgery

Impact of COVID-19 on Advanced Wound Care
SmartTRAK assessed the impact of COVID-19 on the NPWT Market. Single-use volumes are expected to drop during the first three quarters of 2020 due primarily to the drop in elective surgical procedures but will rebound in Q420. Impact of COVID-19 on US Advanced Wound Care

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5 min read

COVID-19: The Life Sciences Industry Rises to the Challenge

By Thomas Wallick on 4/20/20 3:29 PM

As the Covid-19 epidemic continues, the medical community world-wide struggles to cope with its impact. SmartTRAK's analysts are constantly monitoring the effect COVID-19 is having on the Life Sciences industry, sifting through the noise to present the most relevant news to its subscribers. Our analysts continue to publish real-time updates throughout the day, detailing what you need to know about the impact the international healthcare crisis is having on the industry at large.

Following is a selection of the COVID-19 updates from the past week as compiled by the analysts at SmartTRAK:

New CMS Guidelines for Providing Non-COVID-19 Care
CMS issued guidance on providing a gradual process for restarting non-COVID-19 care in areas w/ low incidence of the disease including coordination w/ local and state public health officials and readiness assessment in terms of staff, supply and testing capabilities. CMS.gov

AHA & Others Develop Joint Guidelines for Resuming Elective Procedures
AHA, ACS, ASA and AORN have developed joint guidelines to help providers determine their readiness to resume elective procedures including a sustained reduction in COVID-19 cases in their geographic area for at least 14 days and having the appropriate resources. AHA.org

Switzerland Easing Restrictions While Others Extend Theirs
Switzerland announced a 3-step plan for easing restrictions due to COVID-19 including allowing hospitals to perform elective procedures. The UK, however, extended its lockdown for 3 more weeks similar to extensions in Italy, Spain, and France. CIDRAP

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9 min read

Swim with the Sharks: A Deep Dive in the Biologic Association Think Tank

By Freddy Buntoum on 4/17/20 2:23 PM

The Biologic Association kicked off its very 1st Summit (Feb 5-7, 2020 in Carlsbad, CA) with what turned out to be a big crowd-pleaser. Initially set up as a “by invitation only” attendance, the Summit’s opening program, “Biologic Association Think Tank” raised such a high level of interest that everyone in attendance was ultimately let into the session.

The format for the Think Tank was quite similar to the hugely popular television show “Shark Tank.” Only in this session, the “school of fish” (contestants/presenters) included a lineup of industry and/or academic researchers in the field of Orthobiologics who gave presentations on their respective lead product candidates.

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6 min read

COVID-19: MedTech Navigates the Pandemic

By Thomas Wallick on 4/13/20 1:31 PM

As Covid-19 tightens its grip on the global community, the impact on the world economy grows. SmartTRAK's analysts are constantly monitoring the effect COVID-19 is having on the Life Sciences industry, sifting through the noise to present the most relevant news to its subscribers. Our analysts continue to publish real-time updates throughout the day, detailing what you need to know about the impact the international healthcare crisis is having on the industry at large.

Following is a selection of the COVID-19 updates from the past week as compiled by the analysts at SmartTRAK:

COVID-19 Could Travel in Air Up to 13 Feet
New research published by the CDC showed COVID-19 was detected in air up to 4 m (~13 feet) from pts in a study that tested surface and air samples from a hospital w/ COVID-19 pts in Wuhan, China. The virus was detected on floors, computer mice, doorknobs, bed rails & trash cans.

COVID-19: Roadmap for Reopening the US

A report by former FDA commissioner Scott Gottlieb, MD and colleagues at the American Enterprise Institute provides a roadmap for navigating through the COVID-19 pandemic in the US and outlines steps needed to start reopening America for businesses and families. AEI

DSM Launches Site to Support COVID-19 Efforts
With COVID-19 disrupting supply chains and causing shortages, DSM has launched a web page that brings together designs and resources for people looking to help alleviate the supply issues using 3D printing technology.

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5 min read

COVID-19: MedTech Confronts the Pandemic

By Thomas Wallick on 4/6/20 3:50 PM

Covid-19 continues to spread across the globe, and, like the rest of the world, the MedtTech industry is strategizing the best ways to deal with the pandemic. SmartTRAK's analysts continue to monitor the effect COVID-19 is having on the Life Sciences industry, sifting through the noise to present the most relevant news to its subscribers and report on the impact the global healthcare crisis is having on the industry at large.

Following is a selection of the COVID-19 updates from the past week as compiled by the analysts at SmartTRAK:

OTA COVID-19 Webinar

  • OTA Special Webinar COVID-19: Preparedness in Orthopaedic Trauma OTA Panel Discussion was held 4/2/10. Panel included 9 OTA Trauma surgeons. For a recording of the Webinar, go to: COVID-19: Preparedness in Orthopaedic Trauma OTA Panel Discussion.
  • As a result of COVID-19 and stay at home orders, trauma surgeons are seeing a definite decrease in volumes, with polytrauma being almost negligible in certain cities. Geriatric fractures have decreased but to a lesser extent according to the OTA COVID-19 Webinar discussion.
  • According to the OTA webinar panel discussions, trauma surgeons are taking resource allocation into consideration when assessing fracture care of the clavicle, humeral shaft or fibula and deciding whether to treat conservatively vs. operate in areas with COVID-19 surges.

COVID-19 Risks to Clinical Trials
The impact of COVID-19 has been immense. This article reviews eight significant risks COVID-19 poses to clinical trials and how to mitigate them.

COVID-19: Projections of Peak and Procedure Returns
The Institute for Health Metrics and Evaluation is now projecting lower overall hospital resource needs in the US and predicts the peak will be April 15. Based on this, WFS estimates elective procedures will be depressed through June.

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4 min read

COVID-19: Increasing Impact on the Life Sciences Industry

By Thomas Wallick on 3/30/20 1:11 PM

As the COVID-19 pandemic progresses, the MedTech industry is continuing to see a multitude of changes and disruptions worldwide. SmartTRAK's analysts continue to monitor the effect COVID-19 is having on the Life Sciences industry, sifting through the noise to present the most relevant news to its subscribers and report on the impact the global healthcare crisis is having on the industry at large.

Following is a selection of the COVID-19 updates from the past week as compiled by SmartTRAK:

Surgeon Survey: COVID-19 Impact

  • A survey of 50 orthopedic surgeons reported ~40% are still seeing both new and existing pts, while a third is only seeing pts for emergency or urgent issues. Telemedicine adoption has accelerated w/ 32% of survey takers noting some recent use. Canaccord Genuity Industry Report
  • According to a 50-surgeon survey, postponements of orthopedic procedures have led to a sharp decline in pt volumes, w/ respondents indicating a 58% avg decline in March and an anticipated 77% avg decline in April. Canaccord Genuity Industry Report
  • According to a 50-surgeon survey, 60% indicated that their organizations had already made formal decisions to defer or postpone orthopedic procedures, w/ ~33% indicating that over 90% of their entire practice was deferrable. Canaccord Genuity Industry Report

COVID-19: NV Procedure Impact
  • SmartTRAK physician checks suggest elective procedure volumes for aneurysm cases will pick up in H219, assuming social isolation and other non- pharmaceutical interventions effectively reduce the spread of COVID-19 and healthcare demand.
  • SmartTRAK is hearing from neurointerventionalists that COVID-19 is affecting elective procedure volumes for aneurysm cases, but those patients are being rescheduled—not canceled. Mechanical thrombectomy procedures have not been impacted to date.
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6 min read

SmartTRAK COVID-19 Updates: Early Effects on the MedTech Industry

By Thomas Wallick on 3/19/20 2:00 PM

As the COVID-19 pandemic continues to develop rapidly, the MedTech industry is already seeing many changes and disruptions. SmartTRAK has collected updates and news from the last few days concerning the spread of COVID-19 and how it is affecting the Life Sciences Industry.

COVID-19 AWCS

  • Alliance of Wound Care Stakeholders (AWCS) held an emergency call to discuss hospital wound care clinics being considered non-essential and being asked to close due to COVID-19. Participants included wound clinics, providers and manufactures.
  • Medical Directors from Healogics and Restorix, and other wound clinics requested the AWCS publish a one page fact sheet asap stating the importance of wound clinics staying open for challenging pts, as w/o care, the probability of needing emergency care increases significantly.

ACS Issues Decision-Making Guidance on Elective Procedures
With calls to curtail elective surgery, the ACS published guidance on the mgmt of non-emergent operations and suggests surgeons use SLU’s Elective Surgery Acuity Scale to help decide whether procedures should be postponed, performed at an ASC or not postponed.

Tracking COVID-19 via Smart Phones
The US Government is talking w/ tech companies (Facebook, Google, etc) and health experts re how they can use data gleaned from Americans’ phones to map the spread of COVID-19 to predict the next hotspot or decide where to allocate resources. Seattle Times

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9 min read

Recent Studies Announced in Advanced Wound Care

By Lindsey Wolejko on 3/6/20 1:03 PM

In this week's round-up of recent Medtech studies, SmartTRAK takes a deeper look at the Advanced Wound Care market. Our analysts have picked out some of the latest developments on Smith & Nephew and Avita Medical's products, as well as Pressure Ulcer and NPWT studies.
 

A 304-pt trial will measure the efficacy of PICO in the prevention of SSI from cardiac surgery under extracorporeal circulation vs Aquacel Surgical. The primary outcome is incidence of infection of the sternal wound. Est study completion is Jul 13, 2021. clinicaltrials.gov

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3 min read

SmartTRAK Seeking an Enterprise Sales Executive

By Sharon O'Reilly on 3/2/20 4:45 PM

Location: Northeast US near the Boston Area

Full-time Position

Position:

Are you a proven hunter with a successful track record in medical device or healthcare enterprise sales? Are you looking for flexibility beyond your four office walls? Would you thrive in an entrepreneurial environment? If so, we’d like to talk to you. We’re BioMedGPS the creators of SmartTRAK, the leading strategic advisory and healthcare analytics provider in the life sciences industry. Our team is expanding and seeking a Enterprise Sales Executive who can grow with us. The Enterprise Sales Executive will be responsible for selling SmartTRAK’s suite of business intelligence solutions to C- suite and other senior level executives in major medical device companies, as well as building long term strategic programs and relationships at all levels of the enterprise.

About SmartTRAK
SmartTRAK is the first real-time business intelligence portal used by major orthopedic, wound, regenerative medicine and neuro therapies companies. We are driven by data but fueled by insights. Curated by industry experts, our up-to-date data, analytics and competitive intelligence help medical device executives make more informed strategic business decisions.

Learn More and Apply

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4 min read

SmartTRAK Participates in 1st Biologics Alliance Think Tank

By Lindsey Wolejko on 3/2/20 1:53 PM

The Biologics Alliance opened their 1st Summit meeting February 5th in Carlsbad CA with a "Think Tank" session of companies developing new products for the treatment of cartilage-related problems and knee OA. The companies appeared before a panel of judges similar to those on Shark Tank, only these judges had a special expertise in orthopedics/OrthoBiologics. BioMedGPS' CEO Sharon O'Reilly and SmartTRAK Senior Analyst, Kim French were among the panel of judges comprised of industry representatives and analysts/press. Samumed was the first place winner for Lorecivivint (SM04690), Bioventus was 2nd place for PTP-001 and Organogenesis in 3rd w/ ReNu.

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