U.S. Rep. Chris Collins, Bioscience/Med Tech Industry Leaders Address New York’s Economic Competitiveness
Friday, August 23, 2013
Alden, NY (August 23, 2013) – U.S. Rep. Chris Collins (R-NY) joined leaders of New York State’s bioscience/medical technology companies today to address how companies within the sector can drive the state’s economic competitiveness and future growth. The roundtable took place at the Greatbatch, Inc., manufacturing facility in Alden.
Nearly 20,000 employees work for medical technology companies in New York, and overall the industry supports a total of 47,000 jobs, contributing $7.4 billion to the state’s economy. The bio/med industry as a whole (including pharmaceutical, biotech, and medical device sectors) directly employs 73,300 New York State residents.
Still, as participants in the roundtable noted today, this positive impact must be sustained by policies that support continued investment in the development of new technologies and the creation of new jobs.
“As Congressman Collins has demonstrated today, it’s important for everyone to recognize the economic contributions made by the companies here in New York State,” said Jessica Crawford, president of MedTech, which represents the state’s medical technology industry. “New York has a lot of room for advancement and MedTech looks forward to working with our members and legislators to improve upon the business environment that will support and grow our bio/med ecosystem.”
Medical technology also is a major contributor to medical progress, improving health, lowering long-term healthcare costs, reducing recovery times, and improving productivity. Between 1980 and 2000, medical progress added more than three years to life expectancy. The death rate from heart disease was cut in half, the death rate from stroke was cut by one-third, and the death rate from breast cancer was reduced by 20 percent.
“We are pleased Rep. Collins helped lead our discussion on the importance of supporting medical technology companies at the federal level,” said JC Scott, senior executive vice president of the Advanced Medical Technology Association (AdvaMed). “We appreciated the opportunity to highlight for Rep. Collins the importance of ensuring that FDA is appropriately funded and has full access to its industry provided user fees.”
“In addition, Rep. Collins has been a leader in the effort to repeal the job-killing $30 billion tax on medical devices,” Scott continued. “Repealing this tax will help promote economic growth and job creation in our industry in New York and across the country.”
To that end, AdvaMed is promoting its Competitiveness Agenda as a roadmap to create an environment that is conducive to medical technology sector growth. The competitiveness agenda includes recommendations for tax policies, business development programs, and patient access platforms.
“From driving innovative healthcare solutions to lowering the cost of quality care, the medical technology industry is forging a stronger American economy,” said Mike Druding, operations director, Greatbatch, Inc. “By supporting and working to advance a competitiveness agenda that advances pro-growth policies, the United States can allow the medical technology sector to flourish, something that is good for the economy and good for the future of healthcare.”
Other participants in the panel included Mike Druding, Operations Director, Greatbatch, Inc.; Brandon Hoffman, Graphic Controls; Rupa Shanmugam, President & COO, SoPark Corp.; Jack Bertsch, Owner, Polymer Conversions and Benjamin Harp, Chief Operating Officer, Polymer Conversions.
Learn more about AdvaMed’s Competitiveness Agenda here.
MedTech is an active association of pharmaceutical, biotech, and medical technology companies, their suppliers and service providers, and research universities. We boost the growth and prosperity of our members by connecting them for collaboration, offering educational programs, sharing news and information, and advocating for the industry with government and leaders. For more information, visit http://www.medtech.org.
The Advanced Medical Technology Association (AdvaMed) is a trade association that leads the effort to advance medical technology in order to achieve healthier lives and healthier economies around the world. AdvaMed represents 80 percent of medical technology firms in the United States and acts as the common voice for companies producing medical devices, diagnostic products and health information systems. Our members produce nearly 90 percent of the health care technology purchased annually in the United States and more than 40 percent purchased annually around the world. AdvaMed's member companies range from the largest to the smallest medical technology innovators and companies. www.advamed.org