Big medtech companies have been criticized for their diminishing innovation record, especially from this blog. One of the few innovation strengths that large companies should exhibit is manufacturing. And, I’m not referring to advanced manufacturing in itself, but the synergy between manufacturing and R&D. Read More
Healing Innovation posted a blog over one year ago about medical device startup companies hiring infrastructure before needed. We have also blogged about medical device virtual companies. All medical device companies outsource some aspect of their business, but our premise is that in the early stages, medtech startups should focus on their core competency and outsource everything else. Read More
In a recent post on PEHUB (Private Equity Hub), John Lonergan, Managing Member of Mach Ventures, made the case for virtual medical device product development. Mach Ventures’ business model is “we sell our medical devices just after we’ve proven that they work, or after FDA approval—no infrastructure, no management, and no duplication that the acquirer needs to get rid of.” Although he doesn’t use the term, that sounds virtual to me.
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