Fast Five: Siemens Healthineers lays off workers, Philips warns on Allura, Azurion systems

Welcome to the MassDevice Fast Five medtech news podcast, the show that keeps you up-to-date on the latest breakthroughs in medical technology. Here’s what you need to know for today, June 16, 2023.

The release of positive 2-year data supporting the Endologix Detour system is significant news in the field of peripheral arterial disease (PAD) treatment. This data provides strong evidence of the system’s long-term efficacy and durability in managing PAD, a condition that affects a significant number of individuals globally. Fast Five hosts Sean Whooley and Danielle Kirsh explore the data behind the study.

Relievant Medsystems’ positive data highlights the potential of nerve ablation as a minimally invasive and effective approach to pain management. By targeting specific nerves responsible for transmitting pain signals, this procedure may provide lasting pain relief and improve patients’ overall quality of life. Whooley details what the device does and the results from the study, including what doctors think about the technology.

The backing of Politan’s nominees by Institutional Shareholder Services (ISS) in the ongoing board battle at Masimo is a notable development in the company’s corporate governance. This endorsement adds an important dimension to the discussion and may have implications for Masimo’s future leadership and strategic direction. Kirsh and Whooley discuss the board battle and the response from Masimo and the ISS on the matter.

Recent layoffs at Siemens Healthineers in New Jersey signal a significant change in the company’s workforce and operations. Workforce restructuring and optimization are common practices in the medical device industry, driven by various factors such as market dynamics and business strategies. Whooley gives more details about the layoffs, including how many people are affected, when the layoffs are effective and if there is any severance involved.

A warning issued by Philips regarding the potential breakage issue with its Allura and Azurion systems raises concerns about patient safety and equipment reliability. The Fast Five hosts talk about the issue more in-depth and what Philips is doing to remediate the problem.

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