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What Matters May: MedTech News You Need to Know

written by

May 04, 2018

Overheard at GMM HQ

"Instagram Stories might be one of my main news sources, but at least I'm not alone." - Mia Benenate, on the popularity of video in content marketing strategy.


WHAT THE INDUSTRY IS BUZZING ABOUT

I WEAR MY SUNGLASSES AT NIGHT ALL THE TIME

A new contact lens that automatically darkens when exposed to sunlight has been approved by the FDA and should provide some sight for sore eyes for people with myopia, hyperopia, and certain degrees of astigmatism. 

THROWING SHADE

The Acuvue Oasys Contact Lenses With Transitions Light Intelligent Technology from Johnson & Johnson contain an additive that automatically darkens the lenses when exposed to bright light and show no evidence for concerns with vision or driving performance, so the shade they throw is quite welcome, apparently.

THE 411

The transition lenses you've seen in glasses are now available in contact lenses; it's that simple.

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A PAY GAP SO WIDE IT NEEDS A FEMALE DOCTOR TO FIX IT

The average starting salary of new female physicians was $26,367 less than their male peers in 2016, according to a new report. It's cool though because female doctors are only expected to make their patients 80 percent well. Psych.

WAIT IT GETS WORSE

The new physician pay gap is actually widening, having grown from less than $10,000 in 2005, and $11,931 in 2010. Here's looking at you, 2018.

THE 411

The report doesn't point to a cause or rationale to explain the pay gap, but does mention that women now outnumber men in medical school enrollment. Scratching. Our. Heads.

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THE PROBLEM WITH TAXING CHINA

Is that it ends up taxing many U.S. medical device companies. Of the U.S. Trade Representative's proposed $50 billion in tariffs against imported Chinese goods, $5 billion involves medical device and technology products, many actually made by U.S. companies. Oops.

WHAT EXACTLY IS MADE IN CHINA

A total of 30 finished medical devices are presently listed on the proposed tariff list including needles, catheters, defibrillators, X-rays, patient monitoring systems, respiration devices and more. So, you know, lots of things.

THE 411

Bottom line: The U.S. medical device industry could come out as a major loser if the Trump administration ends up fighting a trade war with China.

TWEET THIS STORY

GOOD TO KNOW

Night owls have higher rates of diabetes, mental health disorders, neurological conditions, and early death. Just something to think about next time Netflix asks you if you're still watching.



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