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The U.S. remains the global leader in medical device development and manufacturing, although reports from PricewaterhouseCoopers and others show that even without the excise tax its lead is tenuous, in part due to regulatory uncertainties and dysfunction that thwart innovation.
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After graduating, he considered getting into management consulting, but he ended up doing product development for a medical device called Natus Medical.
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The companies believe this has the potential to change product development in industries including medical device, consumer electronics, automotive and aerospace.
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The North Texas Enterprise Center for Technology (NTEC), announced today it was working with 10 venture capital firms to stimulate the growth and development of cleantech and medical device startups in the Frisco, Texas area.
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Some Mexican firms are hoping to join the booming life-sciences industry in the U.S. Medical device maker Innovamedica has a product in development called a ventricular assistive device--used to keep patients alive during heart surgery--that is undergoing animal trials at the Texas Heart Institute.
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Because of the tax, medical-device firms will also have less money to invest in research and development.
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