Nextern Company Research Report

Company Overview

• Name: Nextern

• Mission: To collaborate with innovators, clinicians, and device partners to create, iterate, optimize, and manufacture best-in-class medical devices. Nextern structures relationships to align incentives, allowing expertise leverage for focused development.

• Founding Information: No information is available.

• Key People: No information is available.

• Headquarters: Nextern does not specify a main headquarters but has global strategic locations across Asia, Costa Rica, and the U.S.

• Number of Employees: Over 600 team members worldwide.

• Revenue: No information is available.

• Special Recognition: Nextern is known for vertically integrating medical device design with manufacturing to ensure high quality, consistency, and alignment with market needs.

Products

Overview

Nextern has extensive expertise in developing various medical devices, focusing on integrating innovative technologies with quality manufacturing standards. Their products are designed for minimally invasive procedures and electronic integration, catering to numerous medical fields.

Product Categories and Descriptions

1. Single Use Devices:

• Description: These devices involve minimally invasive products, including complex metal and catheter assemblies.

• Key Features: Precision in design and delivering functionalities needed for complex medical procedures.

2. Power Systems:

• Description: Provides integrated solutions for catheter and generator development and manufacturing.

• Key Features: Singular source manufacturing for linked device power needs.

3. Connected Care:

• Description: Solutions aimed at developing connected medical devices ensuring seamless integration.

• Key Features: Focus on connectivity and integration with software solutions.

4. Bioelectronics:

• Description: Devices developed at the intersection of biology and electronics.

• Key Features: Use of advanced technologies to enhance medical device functionalities.

5. Implantable Leads:

• Description: Development and manufacturing of Class III active implantable leads and delivery systems.

• Key Features: Innovative solutions catering to a wide range of medical applications.

6. Nextern Liink:

• Description: Software solutions for medical device connectivity.

• Key Features: Custom, secure, and scalable solutions for enhanced device functionality.

Recent Developments

• Facility Expansion: Nextern has consolidated operations in Minnesota into a single facility at Arbor Lakes Business Park, consolidating previous locations including White Bear Lake and Maple Grove.

• Vertically Integrated Manufacturing: There is a continuous effort to enhance vertical integration of manufacturing capabilities to better control the production processes.

• Innovation in Bioelectronics: Focus on miniaturization of bioelectronic medical devices, aiming to improve device functionality and usability.

• Market Focus Areas: Nextern is exploring opportunities in orthopedic devices, electrophysiology & cardiology, diabetes, peripheral vascular among others, by leveraging their experience in designing precision instruments and components.

New Partnerships & Innovations

• Partnership Philosophy: Nextern emphasizes collaboration over transactional relationships, working closely with partners to invest in design and development services tailored to mutual commercial success.

• Exploration of AI-driven Innovation: Nextern is navigating AI-driven innovation in regulated industries, ensuring the medical devices meet industry compliance standards.

Notes

• Certain fields such as revenue, founding history, and key leadership have incomplete information.

This report consolidates available data to provide a comprehensive view of Nextern's operations, product offerings, and recent organizational activities.