One of the Indianapolis area’s most promising medical-device startups is dead. Symbios Medical Products LLC filed for Chapter 7 bankruptcy liquidation after a product recall soured its relationship with its main distributor.

More.

From advanced lasers to advanced stents: Femtosecond lasers create the next generation of bioresorbable stents
Manufacturing medical devices has always been a tricky task. Unlike consumer technology, the impact of a poorly built medical device can be severe and life-threatening. Producing devices for the human body can require precision on a level that used to be science fiction, but the development of ultra-short laser technology is taking their development to […]
Simple, yet essential: Innovation in medical tubing design
Like the human bodies they’re designed to treat, medical devices are often composed of disparate systems. Linking those systems, much like the vasculature of the human body, are systems of tubes. Tubing provides passage for gas, fluid, electronics, and even micro-sized devices to travel seamlessly. With modern designs, tubes are often slated to play double-duty, […]
How catheters are driving healthcare innovation
The catheter is not the Hollywood starlet of medical devices. Hardly glamorous, it’s a tube that goes inside the body. Despite their diminutive size and seemingly basic function, however, catheters have become an integral part of the modern healthcare system and are driving innovation in the industry. Navigating the human circulatory system can be a […]
Researchers can identify you by your brain waves with 100% accuracy
Your responses to certain stimuli — foods, celebrities, words — might seem trivial, but they say a lot about you. In fact (with the proper clearance), these responses could gain you access into restricted areas of the Pentagon. A team of researchers at Binghamton University, led by Assistant Professor of Psychology Sarah Laszlo and Assistant […]
Southco introduces line of heavy duty display mounting solutions
Southco, Inc., has expanded its AV Display Mount offering with three new heavy duty models that provide robust functionality and design flexibility to accommodate larger, heavier displays. The AV-D40 Series includes a Tilt and Swivel Mount (K Series), a Tilt, Swivel and Single Arm (A Series) and a Dual Extension Arm (D Series) designed with […]
Newport adds rapid prototyping to Corion optics manufacturing facility
Newport Corporation, a global manufacturer in photonics solutions and optics products and systems has completed a capacity expansion and upgrade of its Corion optical filter and replicated mirror manufacturing facility in Franklin, MA. The facility now hosts several new coating chambers as well as dedicated space for future technology upgrades. The primary goal in adding these systems to […]
Amedica inks exclusive Chinese silicon nitride distro deal
Amedica (NSDQ:AMDA) said today it signed an exclusive distribution deal with Chinese medical device company Shandong Weigao Orthopedic Device Company Limited. The deal gives Weigao Orthopedic exclusive rights to sell, market and distribute Amedica’s silicon nitride spinal implants in the People’s Republic of China. “With more than 50,000 minimum unit sales to occur within the first […]
Mobile 2016: The year of workflow transformation
Integrating health IT with effective and efficient patient care delivery has not been an easy process. As a recent Harvard Business Review blog points out, “[T]he [electronic health record], which was in part meant to liberate physicians from the drudgery of paperwork, instead became their chief oppressor.”1Today, looking for notes in a patient chart and […]
DeviceTalks: 25 years in the hot seat with Bill Hawkins
For nearly a quarter of a century, William “Bill” Hawkins sat in the corner office of medtech companies of all sizes, before he stepped down from Immucor last year. But Hawkins is best known for his 4 years as CEO of Medtronic, where he served in the corner office from 2007 to 2011. His time […]
Your next operation may be performed by a machine
If you can call something that’s been on the market for 16 years a trend, then robot-assisted surgery is one of the hottest in medtech. Pioneered by Intuitive Surgical’s da Vinci abdominal surgery device, which hit the U.S. market in 2000, today almost no medical specialty lacks an entrant with a robot-assisted platform. As with […]
Improvements at the FDA: The regulatory trend no one is talking about
As we readied our first issue covering the hottest trends in the medical device industry, I was lucky enough to sit down with Cohera Medical CEO Patrick Daly at our DeviceTalks Research Triangle event. Our chat brought to mind a trend we don’t hear much about but that’s certainly under way: The FDA’s vastly improved […]
Leave a Reply
You must be logged in to post a comment. Need Medtech news in a minute? We Deliver! MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today. Tweets by @MassDevice
Need Medtech news in a minute? We Deliver! MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today. Medical Design & Outsourcing covers the technical advancements in design, development, and contract manufacturing of medical devices and equipment. DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights. Follow us

Symbios recalls GoPump and GOBlock kits following patient complaints

Multiple factors determine the best alternative to DEHP for PVC medical devices
by Peter M. Galland, Industry Manager for Regulated Compounds, Teknor Apex Company While phthalate esters such as DEHP are the most widely used plasticizers for flexible PVC medical compounds and have been for fifty years, issues concerning their possible effects on human health have caused some device manufacturers to consider compounds containing alternative plasticizers. Sometimes […]
Bone Biologics completes $5.75 Million round of financing
Bone Biologics, an orthobiologic company focused on regenerative medicine, announced today the completion of a $5.75 million funding round with Musculoskeletal Transplant Foundation, OrthoFix Holdings, Inc. and Hankey Capital, LLC. Proceeds will be used primarily to fund further development and synthesis of a potential bone graft substitute product focused first on bone regeneration in spinal […]
MR Solutions wins Queen’s Award for Enterprise
MR Solutions, of Guildford has won the prestigious Queen’s Award for Enterprise in the innovation category. This award is announced on the Queen’s birthday, 21 April and is one of the UK’s highest accolades recognizing business achievement. This has been achieved in recognition of MR Solutions’ development of a preclinical multi-modality MRI scanner which does […]
UL experts aim to “raise the baseline” in cybersecurity
Industry is facing increasing risk of both unintentional and malignant cyber threats, and an increasing sense of responsibility to protect against those factors. Cyber threats continue to be a high priority for medical technology companies, but there are continued questions on how and where to introduce security measures. Now, UL says the process should be […]
Materialise NV, Canon ink Japanese distro deal
Materialise NV said today it inked a distribution deal with Canon Lifecare Solutions to distribute its Materialise Mimics Innovation software and care suits in Japan. Through the agreement, workstations and 3D printers offered by Canon Lifecare Solutions will be offered with Materialise’s open software solutions, including the newly launched Materialise Mimics inPrint designed to allow […]
Lubrizol LifeSciences adds commercial manufacturing capacity at Particle Sciences
The Lubrizol Corporation’s LifeSciences, the leading contract development and manufacturing organization (CDMO) for complex drug products, is adding commercial drug product manufacturing capacity at its Particle Sciences facility in Bethlehem, PA. The 18,000 square foot capacity will include both sterile and non-sterile space with complete lyophilization and filling operations. Among other things, the facility will […]
LED illumination system, ilumCURE, for the industrial applications
In automated manufacturing processes up to 127 ilumCURE devices are controlled individually from a single PC to perform punctual or wide area exposures with adjustable intensity and duration. The operating states of the devices can be monitored remotely to detect issues within automated production. Reproducible hardening processes are ensured by a controller-operated LED current measurement […]
Studies at the AAN meeting confirm nVNS is stimulating the vagus nerve non-invasively and more
The study presented at the AAN meeting in Vancouver1 this week reported success in an open label study of 56 patients with menstrual migraine using nVNS. Menstrual migraine is one the most common causes of migraine in women and their attacks are typically longer lasting, more disabling, and less responsive to medications than non-menstrual migraine […]
From advanced lasers to advanced stents: Femtosecond lasers create the next generation of bioresorbable stents
Manufacturing medical devices has always been a tricky task. Unlike consumer technology, the impact of a poorly built medical device can be severe and life-threatening. Producing devices for the human body can require precision on a level that used to be science fiction, but the development of ultra-short laser technology is taking their development to […]
Simple, yet essential: Innovation in medical tubing design
Like the human bodies they’re designed to treat, medical devices are often composed of disparate systems. Linking those systems, much like the vasculature of the human body, are systems of tubes. Tubing provides passage for gas, fluid, electronics, and even micro-sized devices to travel seamlessly. With modern designs, tubes are often slated to play double-duty, […]
How catheters are driving healthcare innovation
The catheter is not the Hollywood starlet of medical devices. Hardly glamorous, it’s a tube that goes inside the body. Despite their diminutive size and seemingly basic function, however, catheters have become an integral part of the modern healthcare system and are driving innovation in the industry. Navigating the human circulatory system can be a […]
Leave a Reply
You must be logged in to post a comment. Need Medtech news in a minute? We Deliver! MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today. Tweets by @MassDevice
Need Medtech news in a minute? We Deliver! MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today. Medical Design & Outsourcing covers the technical advancements in design, development, and contract manufacturing of medical devices and equipment. DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights. Follow us

FDA puts highest-risk category on Symbios infusion pump recall

Share
/  Apr 19, 2012 at 11:10 AM
A medical device maker hoping to drive down the use of narcotics and improve postoperative recovery with disposable pain pumps is hoping to raise $6.75 million , according to two recent U.S. Securities and Exchange Commission filings. Indianapolis-based Symbios Medical Products develops, manufactures and markets portable, disposable pain pumps that attach to catheters to deliver non-narcotic pain medication to a specific area of the body below the neck. Its flagship product, GOPump, is small enough to be worn on a belt and is used to deliver local anesthetic to an incision site for several days after surgery. Its follow-on product, the GOBlock, is a peripheral nerve block pump that can provide anesthesia for up to six days without any physician interference after the initial setup. Patients and physicians can observe the progress of infusion through the transparent shell of the pump. In late 2010, the company was selling about 6,000 pumps a year, according to President Herb Senft in  an article from the Indianapolis Business Journal, but with the help of a distribution partner B Braun, it was hoping to scale up to 65,000 units this year. A company rep declined an interview for this story. Advertisement
Although pain pumps are currently used in only a small fraction of the surgeries performed, Symbios’ products have the potential to be used in as many as 20 million surgical procedures in the U.S. each year, according to One Med Place . Most often patients experiencing postoperative pain are prescribed narcotics, which can cause side effects like dizziness, drowsiness, nausea and constipation. Symbios says its pumps reduce and sometimes eliminates the need for narcotics. The postoperative pain relief segment comprised one-fifth of the total global pain management market in 2010 and is one of the big segment’s driving growth, according to a GBI Research market report . Global sales of postoperative pain therapeutics totaled $5.9 billion in 2010. I-Flow Corp. , Ambu and Moog make similar disposable pain pump products.


Postoperative pain pump maker looking to raise millions

Symbios Medical Products

Radiant Systems

Gazelle TechVentures

Datamyte

Angel - IV

Symbios, headquartered in Indianapolis, IN, is a medical device company that designs, manufactures, markets and sells pain management solutions. Symbios' products, commonly known as disposable pain pumps, deliver anesthesia pain medication to post-surgical sites and regional nerve pain block areas. The company's products are used in orthopedic surgeries as well as an increasing number of general surgery applications. Symbios' principal technology platform was launched in 2004 when it purchased key assets and intellectual property from orthopedic manufacturer and marketer Biomet, Inc.

Predict your next investment

Symbios Medical Products

See what CB Insights has to offer

Founded Year

Stage

Total Raised

About Symbios Medical Products

Symbios Medical Products Headquarter Location

Latest Symbios Medical Products News

Predict your next investment

CB Insights uses Cookies