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Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data December 11, 2018

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Page 1: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data

December 11, 2018

Page 2: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Rachel Benway - Presenter Product Manager, Life Sciences

© Reed Tech 2018

Presenters

Joe Hage - Host MedicalDevicesGroup.net

Page 3: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Agenda

3

Why the current process is frustrating

A Modern Approach Reed Tech Navigator™

Becoming Proactive instead of Reactive Product Alerts

Multiple Use Cases for Medical Device Data

Questions?

Page 4: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Searching the FDA’s web-based databases can be frustrating and takes too much time

0% 10% 20% 30% 40% 50% 60% 70%

No pain points

Cost

Lack of analytics expertise / personnel

Lack of analytics tools

Too many data sources

Data sources not clean

Time required

Difficult to search & retrieve meaningful results

Major Pain Points with Existing Methods

% of survey respondents who indicated FDA web-search is their primary method of researching medical device safety and quality risks (Nov 2016 Reed Tech survey of medical device mfrs)

© Reed Tech 2018

Page 5: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Despite a large volume of available data about medical

devices, there are significant barriers to using it effectively

for risk analysis and safety monitoring

1. Time-intensive process requires combing through multiple sources

2. Difficult to search & retrieve meaningful results

3. Data is not normalized or standardized, making trending & benchmarking difficult

© Reed Tech 2018 5

Page 6: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

© Reed Tech 2018

Navigator connects over a dozen sources to create a comprehensive database of companies and their devices, as well as their regulatory, safety & quality information

GoodMed NexKnee Coated Knee

Femur Prosthesis

Adverse Event Reports Recalls

PMAs

De Novos

HDEs

510(k)s

Establishment Registrations

Device Listings

Warning Letters

UDIs

Safety Communications

MedSun Reports

GMDN

LexisNexis Corporate Affiliations

Page 7: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Navigator has extracted and standardized safety & quality metrics from text descriptions to enable quantitative analyses

It was reported that the patient is having swelling in her right knee and shows some posterior femoral lucency. The surgeon is concerned about osteolysis behind the femur and patella.

© Reed Tech 2018

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

Joint DislocationFracture(s)

Muscle Spasm(s)Pain

InflammationInfection

Nerve DamageDiscomfortOsteolysis

Joint Swelling

Top Patient Problems Reported

Page 8: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Navigator has made over 60,000 510(k)s PDFs searchable by intended use, indications for use, and device description

© Reed Tech 2018 8

Page 9: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Frustrated with search FDA sites?

There is a better way!

© Reed Tech 2018

Page 10: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

10

Reed Tech Navigator™ for Medical Devices

• Regulatory Intelligence • Predicate Searching • Guidance Documents

• Risk Management

• Adverse Event Research • Possible Failure Modes • Frequency & Severity

Page 11: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

How to become Proactive instead of Reactive

© Reed Tech 2018

Page 12: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Never again miss a new product risk for your product or a competitor’s product with Navigator’s in-app alerts

© Reed Tech 2018 12

New voluntary report added to the FDA database within 30 days

Voluntary – submitted directly to the FDA— i.e. Not submitted through the manufacturer, user facility, or distributer)

Value: Currently can only find out about these Adverse Event Reports by manually checking the FDAs MAUDE Database

Voluntary Adverse Event

First instance of this device problem to be reported for this product

Value: A new device problem can indicate a new failure mode or hazard

Device Problem

First individual recall for this recall event

Value: Most valuable for competitive intelligence

Recall Event

Page 13: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

What can all of this data tell us?

© Reed Tech 2018

Page 14: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Properly prepared data can support multiple use cases Clinical

Evaluations

Risk Analysis Competitive Intelligence

Post Market Surveillance

Failure Mode Analysis

© Reed Tech 2018

Adverse Event - Device Problems

Adverse Event – Patient Problems

Recall Reasons

Recall Unit Counts

510(k) Successors

FDA Guidance Documents

Warning Letter CFR References

Page 15: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

Reed Tech Navigator™ for Medical Devices

www.reedtech.com/navigator

Fast and easy search

Trending and benchmarking of safety and quality metrics

Head-to-head product comparisons

In-depth research across multiple sources in one place

15 © Reed Tech 2018

“Navigator is a one-stop shop”

“Much simpler and a lot of time saving” compared to using FDA sources directly

“Very useful and very easy to navigate through”

Page 16: Reed Tech Navigator™ for Medical Devices€¦ · Reed Tech Navigator™ for Medical Devices A Modern Approach to Analyzing Medical Device Data . December 11, 2018

For more information, contact:

Reed Tech Life Sciences Team

[email protected]

(215) 682-8269

Follow Reed Tech Life Sciences for new content and events

@ReedTechLifeSci

© Reed Tech 2018