How Well Did You Follow MedTech News In 2013?

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| By Aparmarbb

Aparmarbb

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1/10 Questions

Which company got slapped on the wrist by the FDA for marketing a genetic test without a proper regulatory clearance?
- 23andMe
- Myriad Genetics
- I-Gene
- Proteus Biomedical

How Well Did You Follow Medtech News In 2013? - Quiz

About This Quiz

2013 has been a pivotal year in the healthcare industry. January is when the medical device tax went into effect, whose repeal effort so far has proved a massive failure. The Sunshine Act, passed years ago, finally went into effect as well. The yar witnessed the disastrous debut of Obamacare with the federal health exchange faltering badly due to a See moreslew of IT troubles. But did you go beyond the screaming headlines to find nuggets of equally newsworthy events in the medtech world? Take this 10-question quiz to find out?

2.

Under FDA's final guidance on mobile medical apps, which of the following would be regulated as a device
- MyFitnessPal calorie counter and diet tracker
- Glooko logbook for diabetes patients
- AliveCor, which makes a iPhone ECG device and app
- DrawMD series of apps that allow surgeons to draw surgical procedures for patients
Correct Answer

A. AliveCor, which makes a iPhone ECG device and app

Explanation

AliveCor, which makes an iPhone ECG device and app, would be regulated as a device because it is used for medical purposes and falls under the definition of a mobile medical app according to FDA's final guidance. The app is designed to monitor and record electrocardiogram (ECG) data, which is a medical diagnostic tool used to detect and monitor heart conditions. Therefore, it meets the criteria for regulation as a medical device under FDA guidelines.

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3.

A U.S. medtech executive was held hostage by employees in a foreign location over a wage dispute. In which country did this occur?
- Indonesia
- China
- Turkey
- Israel
Correct Answer

A. China

Explanation

The correct answer is China because the question states that the medtech executive was held hostage by employees in a foreign location, and out of the given options, China is the only country mentioned that could be considered a foreign location for a U.S. medtech executive.

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4.

Angelina Jolie shocked and amazed the world by publicly talking about her preventive double mastectomy after undergoing a genetic diagnostic test for breast cancer. Which company makes that test?
- Abbott Labs
- DiagnoCure
- Siemens Healthcare Diagnostics
- Myriad Genetics
Correct Answer

A. Myriad Genetics

Explanation

Myriad Genetics is the company that makes the genetic diagnostic test for breast cancer that Angelina Jolie underwent. This test is known as the BRCA gene test, which looks for mutations in the BRCA1 and BRCA2 genes that are associated with an increased risk of developing breast and ovarian cancer. By publicly discussing her experience with the test and her decision to undergo a preventive double mastectomy, Angelina Jolie brought attention to the importance of genetic testing and raised awareness about options for managing breast cancer risk.

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5.

What company received FDA approval for the world’s first bionic eye in 2013? Hint: It was also named MD+DI’s Medical Device Manufacturer of the Year.
- Olympus
- Bausch & Lomb
- Second Sight Medical Products
- Advanced Bionics
Correct Answer

A. Second Sight Medical Products

Explanation

Second Sight Medical Products received FDA approval for the world's first bionic eye in 2013. This company was also named MD+DI's Medical Device Manufacturer of the Year.

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6.

Which multinational got caught in a bribery scandal in China?
- Pfizer
- Novartis
- Merck
- GlaxoSmithKline
Correct Answer

A. GlaxoSmithKline

Explanation

GlaxoSmithKline is the correct answer because they were indeed involved in a bribery scandal in China. In 2014, Chinese authorities accused GlaxoSmithKline of bribing doctors, hospitals, and government officials to increase sales and prices of their pharmaceutical products. The scandal resulted in a hefty fine of $490 million for the company and several employees being arrested and sentenced.

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7.

Which of these transactions represents the largest medtech M&A in 2013?
- Thermo Fisher Scientific’s purchase of Life science Technologies Corp., a leading producer of biotech and genetic testing equipment
- Medtronic’s purchase of remote patient monitoring firm Cardiocom
- St. Jude’s acquisition of Nanostim, developer of the first commercially available leadless pacemaker
- Stryker's purchase of MAKO Surgical, a maker of robotically-assisted surgical products
Correct Answer

A. Thermo Fisher Scientific’s purchase of Life science Technologies Corp., a leading producer of biotech and genetic testing equipment

Explanation

Thermo Fisher Scientific's purchase of Life Science Technologies Corp. represents the largest medtech M&A in 2013 because it involves the acquisition of a leading producer of biotech and genetic testing equipment. This suggests a significant investment and consolidation of resources in the field of medical technology, making it the most substantial transaction among the options provided.

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8.

Two U.S. companies have been battling it out against each other for years to gain an edge in the structural heart market. This year, a European court temporarily forced one company to pull its product handing a brief victory to the other. Which are those companies
- Edwards Lifesciences and St. Jude Medical
- St. Jude Medical and Boston Scientific
- Medtronic and Edwards Lifesciences
- Medtronic and Boston Scientific
Correct Answer

A. Medtronic and Edwards Lifesciences

Explanation

The question states that two U.S. companies have been competing in the structural heart market, and this year, a European court temporarily forced one company to withdraw its product, giving a temporary advantage to the other company. The correct answer is Medtronic and Edwards Lifesciences, as they are the only option that includes both of these companies.

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9.

Last year, GSK made history by agreeing to pay the Department of Justice $3 billion to settle healthcare fraud charges. This year Johnson & Johnson had its own billion-dollar settlement. How large was it?
- $2.2 billion
- $1.8 billion
- $2.7 billion
- $2.4 billion
Correct Answer

A. $2.2 billion

Explanation

Johnson & Johnson's billion-dollar settlement was $2.2 billion.

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10.

Which of these mobile health companies broke crowdfunding records on the Indiegogo crowdfunding site by raising $1.6 million from scores of small donors online?
- AliveCor, which makes a iPhone ECG device and app
- Audax Health, which is building a gaming/rewards platform to help people make healthy choices
- FitBit, which makes sensors to track physical activity
- Scanadu, which is using mobile and sensor technology to make the world's first medical tricorder
Correct Answer

A. Scanadu, which is using mobile and sensor technology to make the world's first medical tricorder

Explanation

Scanadu broke crowdfunding records on Indiegogo by raising $1.6 million from small online donors. They are using mobile and sensor technology to develop the world's first medical tricorder.

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Mar 18, 2023

Quiz Edited by
ProProfs Editorial Team
Dec 19, 2013

Quiz Created by
Aparmarbb

How Well Did You Follow Medtech News In 2013?

Which company got slapped on the wrist by the FDA for marketing a genetic test without a proper regulatory clearance?

Quiz Preview

Under FDA's final guidance on mobile medical apps, which of the following would be regulated as a device

A U.S. medtech executive was held hostage by employees in a foreign location over a wage dispute. In which country did this occur?

Angelina Jolie shocked and amazed the world by publicly talking about her preventive double mastectomy after undergoing a genetic diagnostic test for breast cancer. Which company makes that test?

What company received FDA approval for the world’s first bionic eye in 2013? Hint: It was also named MD+DI’s Medical Device Manufacturer of the Year.

Which multinational got caught in a bribery scandal in China?

Which of these transactions represents the largest medtech M&A in 2013?

Two U.S. companies have been battling it out against each other for years to gain an edge in the structural heart market. This year, a European court temporarily forced one company to pull its product handing a brief victory to the other. Which are those companies

Last year, GSK made history by agreeing to pay the Department of Justice $3 billion to settle healthcare fraud charges. This year Johnson & Johnson had its own billion-dollar settlement. How large was it?

Which of these mobile health companies broke crowdfunding records on the Indiegogo crowdfunding site by raising $1.6 million from scores of small donors online?