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The New Jersey Life Sciences Vendors Alliance (NJLSVA) is a coalition of businesses, individuals and academia who provide goods and services to New Jersey’s life sciences companies.

The NJLSVA was founded to educate suppliers on trends in industry procurement and public policy that affects the life sciences industry.

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Choose New Jersey’s RFP Watch provides up-to-date information on business opportunities throughout the Garden State at a cost that is affordable for all companies – with a place of business in New Jersey – large and small.

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Medtech

MedTech Industry Lost Nearly 29,000 Jobs While Device Tax in Effect, U.S. Commerce Reports

Washington, DC, February 9, 2017 — The U.S. medical technology industry saw its jobs ranks fall by nearly 29,000 while the medical device excise tax was in effect, according to the latest figures from the U.S. Department of Commerce.

Specifically, from 2012 to 2015, the number of U.S. medtech jobs declined from 401,472 to 372,638 – a loss of 28,834 jobs or a 7.2 percent decrease for the time period.

“These numbers reveal just how devastating of an impact the device tax had on our industry and underscore the urgent need for permanent repeal,” said Scott Whitaker, president and CEO of the Advanced Medical Technology Association (AdvaMed). Continue reading

AdvaMed’s MedTech Conference Honors Green Sun Medical as 2016 MedTech Innovator Winner

advamed-logo-croppedWashington, DC, November 8, 2016 — AdvaMed 2016: The MedTech Conference, the leading event for medical technology professionals in North America, and MedTech Innovator named Green Sun Medical the first place winner of the global competition and awarded the company a $200,000 cash prize.

The honor was announced during the Advanced Medical Technology Association’s (AdvaMed) 2016 MedTech Conference, which was held October 17-19 in Minneapolis, MN.

Held in partnership with AdvaMed Accel, MedTech Innovator is the medtech industry’s global competition and virtual accelerator that identifies and accelerates the development of transformative innovations. Continue reading

AdvaMed Recommits to Fostering Early-State Innovation; New Report Highlights Challenges to Medtech Entrepreneurship

advamed-logo-croppedWashington, DC, October 25, 2016 — The Advanced Medical Technology Association (AdvaMed) on October 17 affirmed its commitment to advancing a comprehensive set of policy objectives to invigorate the innovation ecosystem for early-stage device and diagnostics companies.

A new report — “A Future at Risk:  Economic Performance, Entrepreneurship, and Venture Capital in the U.S, Medical Technology Sector” — released at the association’s annual meeting, outlines significant warning signs that, if left unaddressed, could hamper long-term growth and entrepreneurship.

Some key signals identified in the report, based on a number of independent sources on medtech industry trends, include: Continue reading

Medical Innovation: Rutgers Student Led a Team that Built Prosthesis for Little Girl’s Hand

Katherine Lau (SOE '16) Biomedical EngineeringNew Brunswick, NJ, November 16, 2015 ― Carl Blesch reports that Rutgers University student Katherine Lau was looking for a hands-on summer research project.  Yong Dawson was looking for a normal life for her daughter.

Together, they gave 4-year-old Hailey Dawson a gift that doctors could not provide — an affordable, functioning prosthetic hand that can be rebuilt as Hailey grows up.

Hailey, an energetic and inquisitive little girl, was born with Poland syndrome, a birth defect marked by incomplete development of hand and chest muscles typically on a person’s right side. Continue reading

Physicians Prescribe New Smartphone Apps to Manage Medical Conditions

New York, NY, November 11, 2015 ― Laura Landro reports in The Wall Street Journal that your doctor may soon prescribe you a smartphone app in addition to drugs and physical therapy.

Landro reports that hospitals are developing new mobile apps to help patients manage serious medical conditions and feed information back to their doctors between visits, often in real time.

The new apps aim to help with highly specific issues such as recovering from surgery and managing cancer-related pain.   Continue reading