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MB Device and the Process of New Medical Technology
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Vas Abramov, Director of Engineering and Manufacturing at Occam Design and CEO of MB Device, LLC
POST-EVENT SUMMARY:
Mr Abramov had two separate presentations. The first part was an overview of what it takes to create a new medical product and get it placed in the medical field. He discussed ideas, prototypes, FDA regulations and testing, funding, and sales.
In the second part, Mr Abramov discussed a new piece of technology, the MB Device, which is just starting testing. It is a cervical device that sends constant information to a smart phone or tablet and enables pre-term labors to be predicted one to two weeks early. This allows physicians to delay the labors and create better outcomes. It is projected to save $5-$15 billion of the $26 billion spent every year on pre-term labors.