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Ianquinn
Creganna-Tactx Medical is a world leader in providing minimally invasive medical device technologies and services. It has over 830 staff, $110M in sales in 2009, and a global operational reach serving customers ranging from large multinational companies to startups. It achieved this position through good engineering practices, governance with an independent board, good management and business practices, and reinvesting profits. The company focuses on engineering and has engineering teams conducting research and development for both customers and internal projects.
Ianquinn
- 1. Partners from Ideato Real y lity The role of engineering in c company building.
- 2. C ega aact 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. What got usthere? 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. Global Customers ving largemultinational companies to early stage development companies
- 5.
- 6. ery & AccessDevices 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. What got usthere? 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. 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. What got usthere? 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. 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. What got usthere? 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. Good Management andBusiness 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. What got usthere? 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. Reinvestment o Profis 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. Cus o es 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.
- 17. 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
- 18. Engineers o theFuture 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
- 19. Technologies - Metal Shafts -Medical Balloons - Extruded Shafts - Braided/Coiled Shafts - Injection Molding & Micro Mo - Innovative Technologies - Materials Science - Advanced Laser Technologie
- 20. sourced Services ple Projects: SteerableEP 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
- 22. Engineering in Ceganna-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.
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