Paragon Medical, Inc. (Paragon Medical) is planning to establish a bio-skills laboratory to its Orthopaedic Instrument Global Design Center, The Journal Gazette reports. The new bio-skills laboratory will use by surgeons to test the company's surgical instruments. The move to incorporate the new facility is expected to cost less than $2 million upfront.
Paragon Medical CEO Toby Buck said if market conditions warrant, Paragon Medical will construct a separate building for the global design center in the second half of 2010.
Bringing designers, surgeons and production workers under the same roof by definition keeps the industry local – and it gives it a competitive edge, Buck said.
“It should compress the time it takes to develop new instrument families and new procedures,” Buck said. “And it should minimize the heartburn.”
Paragon Medical is a supplier of medical devices used in orthopedic surgical procedures.