MB Device and the Process of New Medical Technology
Vas Abramov, Director of Engineering and Manufacturing at Occam Design and CEO of MB Device, LLC
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.