Georgia Collaboration Produces First Southeastern Center Focused on Developing Medical Devices
Tuesday, May 19, 2009 |
Contact: Office of Communications 404-651-7774, John Toon, Georgia Tech, (404) 894-6986, Alison Tyrer, GDEcD, (404) 962-4078
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ATLANTA – Georgia Governor Sonny Perdue announced today that four of Georgia’s leading research and health care organizations have joined together to create an innovative new center that will accelerate the development and commercialization of next-generation medical devices and medical technology. The first of its kind in the Southeast, the
“By bringing together these public and private resources, we have provided a strong foundation for accelerating the growth of the medical device and medical technology industry in
The Governor made the announcement during a press conference in the Georgia Pavilion at the 2009 BIO International Convention, the world’s largest gathering of the global biotechnology community. The convention is being held in
Supported by the Georgia Institute of Technology,
“The convergence of the life sciences with engineering provides a unique opportunity to expand our technology in areas that will support the health care industry of the future,” said G. P. “Bud” Peterson, president of Georgia Tech. “The Global Center for Medical Innovation will bring together in one location the key infrastructure needed to rapidly move new medical devices and new medical technologies to market.”
The new center will include a complete medical device prototyping center and have the capability to produce evaluation devices using “good manufacturing practices” mandated by the U.S. Food & Drug Administration (FDA). It will also be able to manage, coordinate and aggregate intellectual property from the partner organizations and interested private companies.
The
The leading-edge medical research conducted at the founding institutions will be the engine behind the new center. By bringing together physicians with direct experience at treating patients with scientists and engineers, GCMI will facilitate the development of technology that meets real-world medical needs.
“Physicians on the front lines of patient treatment have a very real appreciation of the need for new technology, but they often lack the resources to translate their ideas and solutions into new medical devices,” said Jay S. Yadav, M.D., chairman of the Piedmont Healthcare Center for Medical Innovation, a cardiologist with Piedmont Heart Institute Physicians and CEO of Atlanta medical device company CardioMEMS. “By collaborating with institutions like Georgia Tech, we can meet patient needs and create new business opportunities.”
The proximity to university resources will also make the center attractive to outside industry and startup companies.
“Investments in
Because of the research strengths of the partnering institutions, the center’s initial focus is expected to include devices and technologies in cardiology, orthopedics and pediatrics. The only one of its kind in the Southeast, the new center is expected to attract companies from outside
“Medical device companies in the Southeast have long suffered a disadvantage compared to competitors that have access to long-established support networks,” said Nicolas Chronos, M.D., president of the
GCMI is a not-for-profit entity that will have its own governing board with representatives from its partners and stakeholders. A startup manager who will direct the center is expected to be named in the next few months.
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