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Cregannatactx

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Cregannatactx

  1. 1. Partners from Idea to Real y lity The role of engineering in c company building.
  2. 2. C ega a act Creganna-Tactx Medic ed c ca cal A world leader in the provision of technologies and services for f minimally invasive delivery and access devices a devices. Ranked in the Top 10 global prov viders of medical device outsourcing solutions 830+ staff Sales 2009 $ $110M Global footprint Not an Intel or a Google but still a world leader in its area.
  3. 3. What got us there? a go e e Good G d engineering . . . . Not an amazing invention. i i N t i i ti Good governance. Good management and bus siness practices. Reinvestment of profits.
  4. 4. Global Customers ving large multinational companies to early stage development companies
  5. 5. Global Operational Reach e
  6. 6. ery & Access Devices Cardiology Peripheral Vascular Neurology gy MI Orthopaedics Endoscopy Oncology CRM Urology Pulmonary Laparoscopy Optometry p y Biologics Delivery MI Surgery For Minimally & Less Invasive The
  7. 7. What got us there? a go e e Good G d engineering . . . . Not an amazing invention. i i N t i i ti Good governance. Good management and bus siness practices. Reinvestment of profits.
  8. 8. Good Engineering g ee g We W are an engineer owned and managed company. i d d d We developed our own prod duction equipment, our own automation. i nciples. We applied engineering prin We used textbook engineer ring to solve an industry p problem. [[Example] p ] The medical device industry now demands good reliable y validated engineering. a dated e g ee g Practically all our sales can be traced back to our own R&D. R&D
  9. 9. What got us there? a go e e Good G d engineering . . . . Not an amazing invention. i i N t i i ti Good governance. Good management and bus siness practices. Reinvestment of profits.
  10. 10. Good Governance Go e a ce While Creganna did not h ve a functioning board, it wa Whil C t hav f ti i b d merely a source of income. It was going nowhere. 14 years ago be began mon hl board meetings with on b b nthly b d i ih independent director. That was the cause of the b bend in the hockey stick. We have never missed a m meeting. g Now have a board of 8. The board is a resource for the CEO, approves strategy r CEO oversees compliance.
  11. 11. What got us there? a go e e Good G d engineering . . . . Not an amazing invention. i i N t i i ti Good governance. Good management and bus siness practices. Reinvestment of profits.
  12. 12. Good Management and Business Practices a age e and us ess ac ces 1st b board d i i d decision: B ild a management. Build t We have been doing it since. Managers are free to manage but are accountable. – Look for the best. Now have a global management structure that is highly regarded. regarded CEO is a civil engineer.
  13. 13. What got us there? a go e e Good G d engineering . . . . Not an amazing invention. i i N t i i ti Good governance. Good management and bus siness practices. Reinvestment of profits.
  14. 14. Reinvestment o Profi s e es e of o its The Th manufacture of device components is capital f t fd i t i it l intensive. We h W have large investments in laser technology. l i si l h l – Our Galway plant is the lar rgest laser site in Ireland after Intel. We have a full metallurgy laboratory. – Our own proprietary alloys. Over many years profits we reinvested. ere reinvested
  15. 15. Cus o e s Customers OEM Medical D i compa i M di l Device anies. From startups to majors. We do not put our own dev vices on the market market.
  16. 16. Services -C Concept Design & Development -P Prototyping -D Design for Manufacture -P Pre-Clinical & Pilot Manufacturing -C Component, Sub-Assembly & Com Device D -F Facility Transfer - S pp y Chain Management Supply g -F Finished Goods – design, manufac ma anagement
  17. 17. Engineers o the Future g ee s of e u u e Full understanding of the product design process process. – Business understanding. – Healthcare economics. – Regulatory affairs. – Product lifecycle. • Design for production. • Design disposal/recycling. • Design for sterilisation. • Ergonomic design design. We need to teach product d g at a p p design postgraduate lev g Good mix of the theoretical and the practical. l
  18. 18. Technologies - Metal Shafts - Medical Balloons - Extruded Shafts - Braided/Coiled Shafts - Injection Molding & Micro Mo - Innovative Technologies - Materials Science - Advanced Laser Technologie
  19. 19. sourced Services ple Projects: Steerable EP catheters Endoscopic Biopsy Devices Balloon & St t C th t System – C B ll Stent Catheter S t ms Coronary, Peripheral, Aortic, Neurovascular r Cardiac Transseptal Needles NOTES Access Systems IVUS & Imaging Systems Intravascular Sh th I t l Sheaths Valve Repair/Replacement Delive Devices ery
  20. 20. Engineering in C eganna-Tactx now. g ee g Cregan a ac o Multiple M lti l engineering t i i teams. – R&D for customers. • Doing major projects for the Majors as well as smaller e companies. – R&D for Creganna-Tactx. fo C eganna Tact • Platform technologies for de evices. • New metallurgies metallurgies. • New composite shafts. – Production engineering engineering. • Automation. • Reliability Reliability.
  21. 21. nnovations

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