WASHINGTON, D.C. – The Advanced Medical Technology Association (AdvaMed) today unveiled a newly repurposed platform to help device manufacturers locate and partner with thousands of component part manufacturers and sellers, should they need them during the COVID pandemic. The move is designed to support the Administration’s efforts to build upon the medtech industry’s mobilization in 2020 to manufacture, deliver, and administer crucial supplies and tests for COVID-19. This revamped platform – the Med Device Network – will support manufacturing and delivery of the 12 critical medical supplies identified in the Biden Administration’s National COVID Plan, and help to close any potential supply gaps as quickly as possible without market-disrupting actions.
“From the onset of the pandemic, long before the Defense Production Act was ever under consideration, the medtech industry mobilized to 24/7 operations and signaled a strong willingness to partner with the government to help patients suffering from COVID-19 and the frontline health care professionals working to save their lives. This platform will help leverage the sheer strength and scope of our industry, address potential shortfalls in near real time, and allow medtech innovators to respond to ever-changing needs with lightning speed,” said AdvaMed President and CEO Scott Whitaker.
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In spring of 2020, VentConnect – a virtual, pro-bono platform designed to help manufacturers of ventilators access critically-needed component parts – was created in response to the pandemic. Then in summer of 2020, the site was repurposed to encompass and cover the entire industry – offering every manufacturer the opportunity to identify a need and crowdsource potential suppliers, no matter the sector. That relaunch was renamed Med Device Network, and is currently helping scores of companies source parts and overcome potential supply chain shortages.
Building on the success of the original VentConnect site, Med Device Network employs the same tactics to connect manufacturers of medical devices with a wide pool of potential suppliers from both inside and outside industries. Manufacturers on the site post lists of part needs, grant individual suppliers access to those proprietary lists, and work offline directly with suppliers to determine if a partnership can be forged. The site has also evolved to help provide logistics solutions for manufacturers.
With the Biden Administration’s growing focus on strengthening supply chains and filling supply shortfalls for vaccination supplies, testing supplies, and PPE, resources such as Med Device Network will have an important role to play. Several vaccination supplies manufacturers are already active on the site, and AdvaMed expects to onboard additional companies from other sectors in the coming weeks.
AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies.