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The medical device tax, if implemented, could cost tens of thousands of jobs, almost double the industry’s total taxes, raise the effective tax rate to among the highest in the world, and harm US competiveness, according to a study released today by AdvaMed. Industry insiders have made this claim since the tax was first proposed. This study now puts some teeth into the talk.
The new study, “Employment Effects of the New Excise Tax on the Medical Device Industry,” by Manhattan Institute senior fellow Diana Furchtgott-Roth and Hudson Institute senior fellow Harold Furchtgott-Roth, outlines a number of economic harms likely to result from the tax.
“The effect of the tax on earnings of US companies is likely to be significant,” say the study authors. The industry directly employs about 400,000 Americans, and the study concludes that the device tax puts 43,000 of those jobs at risk, with a corresponding loss in wages of more than $3.5 billion.
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Medtronic Inc has been named a member company in the Dow Jones Sustainability World Index (DJSI World) and the FTSE4Good Index Series. Abbott announced that it, too, was included on both Index for the seventh consecutive year.
The DJSI World represents the top 10% of the largest 2500 companies in the Dow Jones Global Total Stock Market. Medtronic says it was the largest addition to this year’s DJSI World index as measured by market capitalization. All changes to the DJSI World will become effective with the open of the stock markets on Sept 19, 2011.
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Value Plastics, manufacturer of plastic tubing connectors, has been acquired by Nordson Corporation, which produces precision dispensing equipment that applies adhesives, sealants, coatings, and other materials in a broad range of manufacturing processes.
Value Plastics will operate within Nordson’s Advanced Technology Systems segment, where Nordson serves the healthcare industry with expertise in a variety of applications including biomaterial dispensing, dental molding, glucose test strip production, and catheter, stent, and pacemaker assembly. Nordson has direct operations and sales support offices in more than 30 countries.
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Thomas compressor perfect for medical applications
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 The Thomas 2220 Series brushless DC oil-less air compressor is designed for medical and other applications requiring a compact, lightweight compressor with variable output. The 2220 is small (3.8” high x 2.64” wide x 4.70” long) and weighs 1.48 lb. The compressor features an efficient variable speed motor that produces flow to 1.2 cfm & pressure to 30 psi. The Thomas WOB-L piston technology combined with the enclosed crankcase design provides durable quiet performance. Visit gd-thomas.com for more information. |
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Marshall Manufacturing has repositioned its precision machining services to accommodate a growing need from medical OEMs that increasingly outsource engineering and design assistance responsibility as they downsize their in-house engineering departments.
Responding to these changes, the company has repositioned itself as an integrated precision services solution provider. This includes a broadened spectrum of design for manufacturability (DFM), including design engineering assistance, prototyping, device validation implementation, and precision manufacturing.
Marshall’s medical specialty is the process design and manufacturing of high-precision Swiss machined components, machined needles, 2D and 3D contouring, and bending of machined wire and tubes. End-use products include urethral needles for sling implants, trocars, surgical tools and spine implants.
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A new Swiss turning center added by MicroGroup machines medical parts down to 0.030 in. (0.762mm) in diameter and in length, in tolerances of ±0.0002 in. The Tornos 7 machine brings to 20 the number of Swiss turning centers in production at the company and allows machining of miniaturized parts utilized increasingly in advanced surgical instruments and medical implants, according to the company. Unlike conventional computer aided machining (CAM) in which the entire part is exposed while being turned, Swiss turning feeds the material through the collet variably, allowing tools to machine the part immediately adjacent to the collet, reducing deflection and improving dimensional tolerances significantly.
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MISUMI USA Inc, a subsidiary of MISUMI Corporation has introduced two new Web services. Both online services were developed to facilitate the process of selecting, specifying, and ordering a number of components the firm supplies to OEMs and designers of industrial machinery and factory automation equipment and systems. The two services are AutomationMaterials.com and Modular Assembler. AutomationMaterials.com is designed to streamline and simplify selection, quoting, and ordering of the company’s line of precision machined metal plates used in the assembly of industrial machinery and factory automation systems. The precision-machined blank plates are available in more than 30 different materials and can be ordered in sizes ranging from 20 to 2500mm, with dimensions configured to within 0.1mm.
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Green Hills Software, maker of embedded safety- and security-certified software solutions, and Silex Technology America Inc, which designs wired and wireless networking products, have announced that Silex’s latest Qualcomm Atheros Wi-Fi radio modules and security supplicant software offerings are now integrated and available for Green Hills Software’s INTEGRITY® real-time operating system, the foundation for its Platform for Secure Wireless Devices. According to Green Hills, these new platform capabilities provide customers a low-risk, low power, rapid time-to-market path via an end-to-end, integrated Wi-Fi reference offering designed with advanced security in mind. It has an optional FIPS-140-2 embedded cryptographic toolkit.
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MicroLumen, Inc.
HIGH PERFORMANCE TUBING. Polyimide is ideal for catheters and low-invasive medical devices with small profiles. Braid & Coil reinforced designs are available for added flexibility, torque and column strength. Other capabilities include PTFE liners, laser processing and multi-durometer constructions.
www.microlumen.com
Boker's 2011 Washer Catalog
Boker's 2011 Washer Catalog features over 25,000 non-standard flat washer sizes, available with no tooling charges, outside diameters of 0.080" to 5.140" and over 2,000 material options for endless possibilities.
www.bokers.com/mee
What the heck is a hexa-kaleidocycle?
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Medical Molding
Precision plastic components for Medical OEM projects require more than tight tolerances and consistent quality. They often require manufacturing in a clean environment and a solid understanding of the application or related standards. Learn More
Document translation: How to maximize accuracy and lower costs
International Language Services meets your standards for accuracy and expertise. Download our new white paper: “How to leverage translations to save time and cost.”
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