• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    OEMs Seek Molders Offering Timely Techniques

    Robotic Surgery: Cutting Through to the Latest

    Packaging, Sterilization Considerations Go Part and Parcel with Product Development

    Cybersecurity Challenges Leave Medical Device Makers Insecure

    OEMs Are Demanding Designs that Challenge Suppliers
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Regulatory
    Financial/Business
    Top News
    MPO's Most Read Stories This Week—June 25

    Magnetic Insight Announces $17 Million in Series B Funding

    BreatheSuite Adds Brad Fluegel to its Board

    Labcorp Launches At-Home Collection Device for Diabetes Risk Testing

    Thirona, Free Flow Medical Partner on COPD Solutions
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    OEMs Seek Molders Offering Timely Techniques

    Robotic Surgery: Cutting Through to the Latest

    Packaging, Sterilization Considerations Go Part and Parcel with Product Development

    Cybersecurity Challenges Leave Medical Device Makers Insecure

    OEMs Are Demanding Designs that Challenge Suppliers
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Theranos Fraud Trial, Part II: The Blame Game Continues

    An Update on Surgical Robotics

    Letting the Light In: How Failure Analysis is the Cornerstone of Success

    Three Talent Strategies to Attract High-Demand Skills

    The Advantages of Bioburden Screening for Sterilization Validation
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Concise Engineering

    Cirtec Medical

    JBC Technologies

    BMP Medical

    Trademark Plastics Inc.
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    The Power of Leveraging Customer Relationships

    Cost Effective & Efficient Wire EDM Techniques

    How MedTech Professionals Can Help Combat Physician Burnout

    How to Optimize Manufacturing Lines and Choose Which Machines to Buy

    How Are Hypodermic Needles Made?
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    Concise Engineering

    Cirtec Medical

    JBC Technologies

    BMP Medical

    Trademark Plastics Inc.
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • eBook
    • Resources
    • Podcasts
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Online Exclusives

    Diagnosing the IVD Market: An Interview with TEAM Technologies

    Chief revenue officer Steve Lents discusses the in-vitro diagnostic market and manufacturing rapid antigen POC COVID-19 tests.

    Diagnosing the IVD Market: An Interview with TEAM Technologies
    TEAM Technologies partnered with Maxim Biomedical to begin production of SARS-CoV-2 rapid antigen point-of-care COVID-19 tests to assist organizations seeking the benefits of rapid testing. All images courtesy of TEAM Technologies.
    Related CONTENT
    • WESTPAK, Inc.
    • BMP Medical - Delivering Custom Plastics Manufactured Solutions
    • ECA Medical Instruments
    • Rootstock Software
    • Simbex
    Sam Brusco, Associate Editor03.30.21
    The SARS-CoV-2 pandemic’s extreme disruption was by no means limited to the medical device industry; virtually every industry floundered as they struggled to cope with travel restrictions, social distancing guidelines, skeleton crews of employees on site, and anxiety about how long the pandemic would rage on.
     
    The medical device industry, however, was uniquely impacted for a number of reasons. Procedures considered elective were cancelled or postponed to free up critical hospital beds. Medtech makers who provided technologies used in elective procedures—orthopedic manufacturers, for example—watched their revenue plummet as hospitals purchased far less of their products.
     
    Though some sectors were handcuffed, the pandemic has also spurred the mission-critical diagnostics industry into action. A race promptly began to develop novel and rapid diagnostics kits to detect coronavirus. During health crises, the U.S. Food and Drug Administration (FDA) often approves integral pharmaceuticals, medtech, and diagnostic tests under its far less stringent emergency use authorization (EUA).
     
    To gain more insight about the pandemic’s impact and other industry headwinds, trends, and challenges affecting the in-vitro diagnostic testing market, I spoke with Steve Lents, chief revenue officer of TEAM Technologies, a a Morristown, Tenn.-based end-to-end manufacturing solutions provider for medical and dental products. Lents was quoted in the March issue feature article “Diagnostic Desperation: A Look at IVD Trends During COVID-19”. The entirety of our interview is included below.
     
    Sam Brusco: What are the dominant market forces at play in the IVD industry at present?
     
    Steve Lents: In today’s market, and particularly over the past 10 months, the ability to scale-up production and maintain a robust and reliable supply chain has emerged as a big challenge for those providing medical devices and healthcare services. In particular, the desire for many companies to minimize reliance on overseas supply lines and manufacture either OEM or finished products here in the United States has come front and center.
     
    The COVID-19 pandemic has stressed many of these healthcare and medical supply chains with the increased demand for critical in-vitro diagnostic devices to detect COVID-19 and for personal protective equipment (PPE) to prevent the spread of the disease. All of this has strained many manufacturing and logistics networks and meeting those needs head on has become a priority.


    Partnering at the concept stage can determine the success and quality of a diagnostic test.
     
    Brusco: How has the COVID-19 pandemic affected your business? What adjustments had to be made as a result?
     
    Lents: We have been able to adapt quickly to meet the needs of the healthcare market during the pandemic. As a U.S.-based medical device manufacturer, we’ve been able to rapidly scale production. This past year, we partnered with Maxim Biomedical to begin production of SARS-CoV-2 rapid antigen point-of-care (POC) tests to assist organizations seeking the benefits of rapid testing. The test kits are lateral flow assays (LFAs) that offer a streamlined workflow and a closed-tube format that eliminates the need for expensive equipment or a reader to perform. This initiative will produce much-needed testing solutions for a variety of markets and industries.
     
    Our philosophy of ONE TEAM, MANY Technologies has served us well. We have an extensive lineup of manufacturing processes throughout the U.S., which has allowed us to quickly allocate resources to provide critical healthcare products. Our Haverhill, Conn. location partnered with a high-volume PPE manufacturer, as the need increased due to COVID-19. As a result, over eight million NIOSH-approved, N95 respirator masks have been produced for frontline healthcare workers since July 2020. Our ICP Medical business unit is working diligently with hospitals and surgery centers to meet the increased demands for masks, gowns, booties, and privacy curtains.
     
    Of course, in all our facilities, we have protected our ability to meet client needs and ensure uptime by adhering to CDC guidelines to maintain the safety and health of our workers, suppliers, and customers.
     
    Brusco: What benefits come from partnering with a firm like TEAM Technologies for IVD projects?
     
    Lents: To aid in meeting the challenges facing our clients, we’ve made adjustments where appropriate to supply and demand processes to ensure their products continue to flow to market on time and without disruption. These have included the development of comprehensive risk management programs and crisis response plans to help avoid downtime and ensure worker safety.
     
    We’ve invested in additional capacity within our facilities to ensure timely delivery and meet quality standards. This includes the addition and expansion of cleanroom capabilities within the United States and a focus on improving quality control and reducing product lead times.


    An expert R&D team engages with a manufacturing partner at every stage to move the project along the path to commercialization.
     
    Brusco: What trends, challenges, and opportunities do you expect for the IVD market in the near future?
     
    Lents: With the expected continued demand for IVDs, particularly rapid test devices, it will be important for manufacturers and suppliers to have flexibility while maintaining quality in their outputs. Developing and executing strategies aligned with customer and market needs will require the ability to incorporate external sources to guide firms in dealing with new threats and capitalizing on new market opportunities.
     
    Adjusting internal policies and procedures and making investments in technology are critical steps we’ve made and will continue to take to meet the needs of what many are calling “the new normal,” not just in manufacturing, but also in nearly every industry and market today.
    Related Searches
    • Diagnostics
    Related Knowledge Center
    • Diagnostics
    Suggested For You
    WESTPAK, Inc. WESTPAK, Inc.
    BMP Medical - Delivering Custom Plastics Manufactured Solutions BMP Medical - Delivering Custom Plastics Manufactured Solutions
    ECA Medical Instruments ECA Medical Instruments
    Rootstock Software Rootstock Software
    Simbex Simbex
    DDL Inc. DDL Inc.
    High Tech Turning Co. Inc. High Tech Turning Co. Inc.
    Nissha Medical Technologies Nissha Medical Technologies
    sfm medical devices GmbH sfm medical devices GmbH
    Anjon Medical Technologies Anjon Medical Technologies
    IMA Automation North America IMA Automation North America
    Canyon Run Engineering Technologies Canyon Run Engineering Technologies
    Accu-Tube Appoints Matthew Haddle as CEO Accu-Tube Appoints Matthew Haddle as CEO
    FDA Clears Inova Diagnostics FDA Clears Inova Diagnostics' Digital Multi-Analyte System
    PTI Engineered Plastics Wins a 2021 Macomb Business Award PTI Engineered Plastics Wins a 2021 Macomb Business Award

    Related Buyers Guide Companies

    • WESTPAK, Inc.

      WESTPAK, Inc.

      ...
      Tim Eells, WESTPAK, Inc. 03.04.22

    • BMP Medical - Delivering Custom Plastics Manufactured Solutions

      BMP Medical - Delivering Custom Plastics Manufactured Solutions

      Medical Contract Manufacturing, Design, Assembly & Packaging

    • ECA Medical Instruments

      ECA Medical Instruments

      ...
      Jim Schultz, VP Customer Solutions 12.02.21


    • Rootstock Software

      ...
      Chuck Stevenson, Director of Marketing 11.16.21

    • Simbex

      ...
      Greg Lange, Chief Business Development Officer 11.15.21

    Loading, Please Wait..

    Trending
    • Intermountain Healthcare & Siemens Healthineers Open 3 Tellica Outpatient Imaging Centers
    • 5 Ways Plastics Revolutionized The Healthcare Industry
    • Magnetic Insight Announces $17 Million In Series B Funding
    • Thermo Fisher Scientific, Bio-Techne Develop Kidney Rejection Test
    • The Power Of Leveraging Customer Relationships
    Breaking News
    • MPO's Most Read Stories This Week—June 25
    • Magnetic Insight Announces $17 Million in Series B Funding
    • BreatheSuite Adds Brad Fluegel to its Board
    • Labcorp Launches At-Home Collection Device for Diabetes Risk Testing
    • Thirona, Free Flow Medical Partner on COPD Solutions
    View Breaking News >
    CURRENT ISSUE

    June 2022

    • OEMs Seek Molders Offering Timely Techniques
    • Robotic Surgery: Cutting Through to the Latest
    • Packaging, Sterilization Considerations Go Part and Parcel with Product Development
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Florida Food Products Acquires Javo
    Roquette Launches Nutralys Rice Protein
    New IADSA Chair Lauds Explorations of Supplementation in Healthcare Policy
    Coatings World

    Latest Breaking News From Coatings World

    The Southern Society for Coatings Technology's 84th Annual Technical Conference A Success
    PPG to Showcase Specialty Automotive, Aerospace Adhesives, Sealants at Adhesives & Bonding Expo
    PPG’s New Paint for a New Start Initiative to Transform 25-plus Schools Worldwide
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most Read Stories This Week—June 25
    Magnetic Insight Announces $17 Million in Series B Funding
    BreatheSuite Adds Brad Fluegel to its Board
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Pierre Fabre and Lonza Enter Manufacturing Agreement
    MasterControl and Elemental Machines Form Biomanufacturing Partnership
    Qosina Strengthens Aseptic Capabilities
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Benefit Exec Joins Madison Reed's Board
    Peroni & Ellis Brooklyn Launch Fragrance Collection Inspired by Italian Spritz Cocktails
    Rhode Is Trending for June, Trendalytics Says
    Happi

    Latest Breaking News From Happi

    Spate’s Nose for the Latest Beauty Trends Says The Skunk Stripe, Collagen Serum and Waterproof Eyeshadow are Top of Mind for Consumers this Summer
    A Suitor Emerges for Revlon, SK Capital’s New Dealmaker & P&G’s Indoor Air Quality Efforts
    Wonder Curl Wins GlossWire's GlossPitch Competition
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: INX’s VC Fund, Screen Industry and Ball Top This Week’s News
    British Coatings Federation Posts Online History
    Orion Announces Price Increases, Reduced Payment Terms
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    PCMC teams with IGT, Fujifilm makes big announcement and more
    Loftware recognized as 'AIDC Company of the Year'
    Schreiner MediPharm highlights sustainability of Needle-Trap technology
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: SWM and Neenah Introduce Mativ Inc., Avgol honored for Biotransformation Technology & More
    Tranzonic Names VP of Supply Chain
    Ontex Climate Action Targets Approved by Science-Based Targets Initiative
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—June 25
    3Spine Inc. Receives IDE Approval for U.S. Pivotal Clinical Trial
    Volume-Based Procurement to Reduce Chinese Orthopedic Market Value
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: eMagin, Applied Materials, and Schott Top This Week’s Stories
    NREL Names Jennifer Logan to Leadership Team as CFO
    National Grid Renewables Orders 2 GW of First Solar Modules

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login