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National Regulatory Science Public-Private Partnership Announces New President and CEO


8/28/2013 6:40:29 AM

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National Regulatory Science Public-Private Partnership Announces New President and CEO

MINNEAPOLIS--(BUSINESS WIRE)-- The Medical Device Innovation Consortium, a public-private partnership between the FDA and the medical device industry created and incubated by LifeScience Alley, announced that William V. Murray has been selected to serve as president and CEO. Mr. Murray succeeds interim Executive Director Dale Wahlstrom, who will return to his full time role as the president and CEO of LifeScience Alley (LSA) and The BioBusiness Alliance of MN (BBAM). Mr. Wahlstrom will remain as a member of the MDIC Board of Directors.

The hiring of Mr. Murray builds on a multi-step process to establish the MDIC as an independent organization committed to improving patient health and the overall efficiency of the medical device industry through the application of regulatory science. While the MDIC plans to remain headquartered in Minnesota, it will maintain a national focus, working with representatives of FDA and the nation's medical device industry on board-approved projects.

"LifeScience Alley will continue to support the efforts of the MDIC as they are critical to the success of one of our core industries," states Shaye Mandle, executive vice president and COO of LifeScience Alley. "The establishment of this public-private partnership represents our commitment to engage in collaborative projects focused on improving the operating environment for our members and community."

In accepting the position of president & CEO, Mr. Murray said, "I am excited by the opportunity to lead MDIC. I look forward to engaging with our members to bring the expertise of industry, government and non-profits together. Through the MDIC public-private partnership we can realize our vision of delivering the benefit of important new medical technologies to patients while enhancing safety and performance.”

Mr. Murray has over 25 years of executive leadership experience within the medical device industry. Most recently, he was CEO of Envoy Medical, Inc. Prior to Envoy he held executive business and engineering leadership positions. Murray began his career with Medtronic designing pacemakers before running the division 12 years later. He graduated from the University of Florida with a degree in Electrical Engineering. In his new role Murray will provide leadership to the MDIC focused on executing on projects approved by the board. He will be responsible for helping the board raise funds for MDIC to support the project work necessary to improve the process for bringing innovation to the benefit of patients.

About the Medical Device Innovation Consortium

Founded in 2012, MDIC is the first public-private partnership created with the objective of advancing medical device regulatory science in an effort to improve product safety and performance while reducing cost and time to market. The MDIC functions in the pre-competitive medical device space, providing a forum for collaboration to leverage resources and share critical information. MDIC’s mission is to promote public health through science and technology, to solve issues facing the industry while enhancing safe and effective product performance through the total product lifecycle of commercialized medical devices and to enhance trust and confidence among stakeholders. For information visit www.MDIC.org.

About LifeScience Alley

LifeScience Alley is an international leader in sharing best practices, and is the largest state-based life sciences trade association in the United States. With a 28-year track record of providing valuable services and results-oriented outcomes to its members, LifeScience Alley improves the life science operating environment and enables business success through educating workforces, influencing state and federal public policy, supporting advancement in research and technological innovation and fostering industry connections. The Association’s membership and supporting community employs approximately 250,000 Minnesotans and its reach extends throughout the Midwest and Canada. Together with its subsidiary, The BioBusiness Alliance of Minnesota, LifeScience Alley works to strengthen the regional economy by assisting in the growth of established and emerging industries, and attracting new companies, talent and capital. www.LifeScienceAlley.org.

Contact:

LifeScience Alley

Ryan Baird, 952-746-3818

rbaird@lifesciencealley.org

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