IMDA eNews 091923
The latest news affecting you and your customers…
from the Independent Medical Specialty Dealers Association
FDA to clamp down on cybersecurity of medical devices
Best Buy, Geisinger team up for at-home program
Assault of hospital workers would be federal crime
Manufacturers contest third-party litigation funding
The Advanced Medical Technology Association (AdvaMed) is asking for federal regulations to protect device manufacturers from lawsuits bankrolled by third-party funders, reports Medical Design & Outsourcing. In a letter, AdvaMed General Counsel and Chief Policy Officer Chris White wrote, “The influx of billions of dollars of third-party litigation funding has fundamentally changed the dynamics of mass tort litigation. They start by funding mass marketing campaigns … then leverage the sheer number of filings, regardless of the merit of each claim, into consolidated proceedings and pressure companies into mass ‘inventory settlements.’” Hernia mesh products were the most targeted medical devices in 2022, according to AdvaMed. CPAP machines were No. 2 due to the Philips Respironics recall.
Talk it up!
Be a hero. Tell your current and prospective manufacturer partners to make plans for the 2024 IMDA/HIRA Annual Conference and Manufacturers Forum, March 4-6, Rosen Shingle Creek in Orlando, Florida. Tell them it’s about exposure, networking, and learning about market trends affecting their business. Mention tee time Monday morning, March 4 – a great way to learn about specialty distribution and enjoy some sun. Then guide them to the IMDA website to learn more. We’ll see them – and you – on March 4th