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Ximedica Named Development Advisor to Newly Minted Cambridge MedSpace

Par Rédaction , dans Communiqués , le 29 septembre 2016

Tuesday, September 27th 2016 at 6:09pm UTC

Welcoming Early-Stage and Early-Thought companies…

PROVIDENCE, R.I.–(BUSINESS WIRE)– XIMEDICA, a leading full service medical technologies development firm,
today announced its strategic partnership with Cambridge MedSpace.
Located in the heart of Cambridge, the concept for MedSpace is the
brainchild of MIT researcher Nevan Hanumara who recognized that, while
the Boston-Cambridge area is a hub for innovation, there was an
opportunity for an incubator space and community focused specifically on
empowering healthcare technology innovators and Ximedica and Cambridge
MedSpace, together, are dedicated to filling this need.

Says Hanumara, “We know that healthcare technologies face unique
challenges; particularly the standards of the FDA, alongside the usual
business and technology hurdles, which puts a burden on timelines and
funding. With Ximedica as our lead partner, our idea is to create a
highly focused environment, with specialized resources and expertise, to
enable technology validation, de-risking and acceleration.”

Ximedica will provide personalized guidance leveraging its 30 years of
experience designing and developing for medical, deep tribal knowledge
of the industry along with a “curriculum” comprised of workshops and
toolkits which we have been running as Xilab
for 3 years now.

“In short the goal here is to germinate human-centered solutions that
create impact,” says Aidan Petrie, Ximedica’s Chief Innovation Officer,
“and success is helping healthcare visionaries understand the evolving
use scenarios and environments and bring innovation to the market that
they serve.”

Randy Barko, CEO of Ximedica adds “Cambridge is the east coast hotbed of
healthcare innovation, with startups and fortune 500 companies vying for
access to new markets, technologies and opportunities. Ximedica is
already working with the region’s major hospital groups, universities
and the funding community to help bring technologies to market. When
Nevan approached us about partnering on MedSpace it was clear to me that
we were a perfect fit. MedSpace brings together all of the necessary
assets to concept, design, develop and launch healthcare solutions. We
expect to develop similar partnerships in Minneapolis and on the West

About Ximedica

Ximedica is a full-service ISO 13485-certified and FDA-registered
product development firm.
For 30 years Ximedica has
provided a unique growth platform enabling organizations to successfully
deploy medical technology products into the market. Its headquarters are
in Providence with offices in Hong Kong, Minneapolis, San Francisco and
Los Gatos. In November of 2014, SV Life Sciences, a Boston-based private
equity firm, acquired a majority stake in Ximedica, enabling the company
to execute its growth strategy.

About Cambridge MedSpace

Cambridge MedSpace is a dynamic ecosystem of healthcare technology
visionaries that enables the advancement of human-centered healthcare
solutions. Located in the middle of Cambridge, Massachusetts we provide
office and meeting space, a workshop with benches and an events area. We
draw upon a network of technical, clinical, academic, prototyping,
business and regulatory experts to provide community members with the
support needed for technology validation, de-risking and acceleration.


Hope Hopkins, 401.330.3163 ext. 149
[email protected]

Source: Ximedica

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