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Full-Time

Production Manager

Swing shift

Posted on 7/25/2024

Penumbra Inc

Penumbra Inc

1,001-5,000 employees

Develops medical devices for vascular conditions

Hardware
Biotechnology
Healthcare

Compensation Overview

$106.8k - $155.4kAnnually

Senior

Roseville, CA, USA

Category
Healthcare Administration & Support
Medical, Clinical & Veterinary
Requirements
  • Bachelor’s degree with 5+ years of supervisory experience in the medical device or related industry
  • Strong verbal, written and interpersonal skills
  • Experience with MRP and lean manufacturing highly desired
  • Ability to work Monday through Friday, 3 pm to 11:30 pm
Responsibilities
  • Oversee the production process and schedule
  • Estimate production costs to ensure cost-effectiveness
  • Monitor production processes and maintain schedules for timely finished products
  • Establish and maintain quality standards
  • Implement quality control programs
  • Liaise among different departments to implement company policies and goals
  • Ensure health and safety guidelines are followed
  • Participate in selection, training, mentoring, and evaluation of Production Supervisors and Training Coordinators
  • Identify training needs
  • Select, manage, train, and develop staff
  • Adhere to Quality Management System and quality system regulations
  • Follow security, privacy, and compliance principles
  • Perform other work-related duties as assigned

Penumbra Inc. specializes in creating medical devices aimed at treating neurovascular and peripheral vascular conditions. Their products, such as the Penumbra System and the Indigo System, are designed to assist healthcare professionals in addressing issues like stroke and other vascular diseases. These devices work by providing advanced tools for interventions in neurology and vascular surgery, allowing for effective treatment options. Unlike many competitors, Penumbra focuses on a specific range of conditions and invests heavily in research and development to continuously enhance their offerings. The company's goal is to deliver high-quality medical devices that meet the needs of healthcare providers and improve patient outcomes.

Company Stage

IPO

Total Funding

$3.4M

Headquarters

Alameda, California

Founded

2004

Growth & Insights
Headcount

6 month growth

4%

1 year growth

8%

2 year growth

17%
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Simplify's Take

What believers are saying

  • Penumbra's recent product launches, such as the BMX81 and BMX96 in Europe, demonstrate their commitment to expanding and improving their product portfolio.
  • Significant investments from firms like Jennison Associates LLC and Algert Global LLC indicate strong financial backing and confidence in Penumbra's growth potential.
  • The company's participation in high-profile conferences like the Truist Securities MedTech Conference and the William Blair Growth Stock Conference highlights its industry recognition and thought leadership.

What critics are saying

  • The highly competitive medical device market requires Penumbra to continuously innovate to maintain its market position.
  • Regulatory challenges and the need for CE Marks and FDA approvals can delay product launches and impact revenue.

What makes Penumbra Inc unique

  • Penumbra's focus on both neurovascular and peripheral vascular conditions sets it apart from competitors who may specialize in only one area.
  • Their continuous investment in R&D ensures that they remain at the forefront of medical device innovation, particularly with recent launches like the Lightning Flash 2.0 CAVT technology.
  • Penumbra's global reach, serving healthcare providers in over 100 countries, provides a broad market presence that many competitors lack.
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