1. Partners from Idea to Real y
lity
The role of engineering in c
company building.

2. C ega a act
Creganna-Tactx Medic
ed c
ca
cal
A world leader in the provision of technologies and services for
f
minimally invasive delivery and access devices
a devices.
Ranked in the Top 10 global prov
viders of medical device
outsourcing solutions
830+ staff
Sales 2009 $
$110M
Global footprint
Not an Intel or a Google but still a world leader in its area.

3. What got us there?
a go e e
Good
G d engineering . . . . Not an amazing invention.
i i N t i i ti
Good governance.
Good management and bus
siness practices.
Reinvestment of profits.

4. Global Customers
ving large multinational companies to early stage development companies

5. Global Operational Reach
e

6. ery & Access Devices
Cardiology
Peripheral Vascular
Neurology
gy
MI Orthopaedics
Endoscopy
Oncology
CRM
Urology
Pulmonary
Laparoscopy
Optometry
p y
Biologics Delivery
MI Surgery
For Minimally &
Less Invasive The

7. What got us there?
a go e e
Good
G d engineering . . . . Not an amazing invention.
i i N t i i ti
Good governance.
Good management and bus
siness practices.
Reinvestment of profits.

8. Good Engineering
g ee g
We
W are an engineer owned and managed company.
i d d d
We developed our own prod
duction equipment, our own
automation.
i
nciples.
We applied engineering prin
We used textbook engineer
ring to solve an industry
p
problem. [[Example]
p ]
The medical device industry now demands good reliable
y
validated engineering.
a dated e g ee g
Practically all our sales can be traced back to our own
R&D.
R&D

9. What got us there?
a go e e
Good
G d engineering . . . . Not an amazing invention.
i i N t i i ti
Good governance.
Good management and bus
siness practices.
Reinvestment of profits.

10. Good Governance
Go e a ce
While Creganna did not h ve a functioning board, it wa
Whil C t hav f ti i b d
merely a source of income. It was going nowhere.
14 years ago be began mon hl board meetings with on
b b nthly b d i ih
independent director.
That was the cause of the b
bend in the hockey stick.
We have never missed a m
meeting.
g
Now have a board of 8.
The board is a resource for the CEO, approves strategy
r CEO
oversees compliance.

11. What got us there?
a go e e
Good
G d engineering . . . . Not an amazing invention.
i i N t i i ti
Good governance.
Good management and bus
siness practices.
Reinvestment of profits.

12. Good Management and Business Practices
a age e and us ess ac ces
1st b
board d i i
d decision: B ild a management.
Build t
We have been doing it since.
Managers are free to manage but are accountable.
– Look for the best.
Now have a global management structure that is highly
regarded.
regarded
CEO is a civil engineer.

13. What got us there?
a go e e
Good
G d engineering . . . . Not an amazing invention.
i i N t i i ti
Good governance.
Good management and bus
siness practices.
Reinvestment of profits.

14. Reinvestment o Profi s
e es e of o its
The
Th manufacture of device components is capital
f t fd i t i it l
intensive.
We h
W have large investments in laser technology.
l i si l h l
– Our Galway plant is the lar
rgest laser site in Ireland after
Intel.
We have a full metallurgy laboratory.
– Our own proprietary alloys.
Over many years profits we reinvested.
ere reinvested

15. Cus o e s
Customers
OEM Medical D i compa i
M di l Device anies.
From startups to majors.
We do not put our own dev
vices on the market
market.

17. Services
-C
Concept Design & Development
-P
Prototyping
-D
Design for Manufacture
-P
Pre-Clinical & Pilot Manufacturing
-C
Component, Sub-Assembly & Com
Device
D
-F
Facility Transfer
- S pp y Chain Management
Supply g
-F
Finished Goods – design, manufac
ma
anagement

18. Engineers o the Future
g ee s of e u u e
Full understanding of the product design process
process.
– Business understanding.
– Healthcare economics.
– Regulatory affairs.
– Product lifecycle.
• Design for production.
• Design disposal/recycling.
• Design for sterilisation.
• Ergonomic design
design.
We need to teach product d g at a p
p design postgraduate lev
g
Good mix of the theoretical and the practical.
l

19. Technologies
- Metal Shafts
- Medical Balloons
- Extruded Shafts
- Braided/Coiled Shafts
- Injection Molding & Micro Mo
- Innovative Technologies
- Materials Science
- Advanced Laser Technologie

20. sourced Services
ple Projects:
Steerable EP catheters
Endoscopic Biopsy Devices
Balloon & St t C th t System – C
B ll Stent Catheter S t ms Coronary,
Peripheral, Aortic, Neurovascular
r
Cardiac Transseptal Needles
NOTES Access Systems
IVUS & Imaging Systems
Intravascular Sh th
I t l Sheaths
Valve Repair/Replacement Delive Devices
ery

22. Engineering in C eganna-Tactx now.
g ee g Cregan a ac o
Multiple
M lti l engineering t
i i teams.
– R&D for customers.
• Doing major projects for the Majors as well as smaller
e
companies.
– R&D for Creganna-Tactx.
fo C eganna Tact
• Platform technologies for de
evices.
• New metallurgies
metallurgies.
• New composite shafts.
– Production engineering
engineering.
• Automation.
• Reliability
Reliability.

23. nnovations