It wasn't until I transcribed Dr. Howard Levin's presentation from our last 10x for ENGINEERS event did I realize how much his past 15 years he packed into 25 minutes.
It was fantastic presentation for anyone who ever works in bringing a medical device concept to market.The video, slides, and transcript are immediately available for you now at https://medgroup.biz/Howard-Levin.
For credentials, Howard's company Coridea issued 120 US patents, raised $100 million, and returned more than 1.4 billion to investors.
Have I got your attention? Some key takeaways but srsly, download it:
• A university gets a patent on a concept constructed with "academic engineering" (different than "real engineering"). When they find the idea, as written, is unworkable, they've effectively shut everyone else out from expediting the innovation to market.
• A device may be good for mankind but not for business. You, as a medical device design engineer, get pitched more ideas than you can execute. How do you choose?
• If you consider taking equity as a form of payment, how do you minimize the risk there's no payout at all?
• "Breakthrough therapies tend to start in academics; better tools developed by industry or clinicians."
• Determine if the physician wants help developing clinical data and generating
IP for acquisition versus help manufacturing the device you'll make money on selling.
Then Howard took us through a dozen questions to ask, ranging from clinical need to regulatory risk to sales and marketing.
As I said, a really worthwhile presentation. Replay, slides, and transcript athttps://medgroup.biz/Howard-Levin
+++Featured Medical Devices Group Job Board opportunities
See something you like? Click away!
Hiring managers and recruiters, let's get these nice people some jobs!
Please list your opportunities at https://medgroup.biz/jobs anytime this month for just $29 using code 29dollars.
Candidates, make yourselves at home. You can:
• Create a profile;
• Upload your resume;
• Run searches by keyword and location (city/state or ZIP); and,
• Sign up for job alerts (available at this time only in the US, Canada, UK, and Australia).
Good luck, and if there's additional functionality – like this resume review tool – you'd like to see on the job board, just reply to this email with your suggestions!
How familiar are you with risk analysis according to ISO 14971?If you have a few moments, would you take this short Jama Software survey? They basically wanna know how medical device manufacturers perform risk analysis. It's, like, six questions, the first of which is your level of familiarity: None | Somewhat | Mostly | Expert. So if you have the time, I'd appreciate it.
Discussions You May Have Missed
Yay! 🥂 I've wanted to restore this feature for three years now!
In this section, I highlight some of the recent contributions from group members because, hey, this is a community we have here! Please, add your questions right here.Kyle Vlasak, VP Sales and Marketing at Vonco Products, asks, "Why is PVC the go-to when developing liquid tight medical fluid bags in the US?" Saurabh Dubey, Junior Regulatory Affairs Manager at Syngene, asks for "Help with 510(k), GTIN, and GUDID." Christian Costantini, Regional Sales Manager Americas for Redax Spa/Maclin Power, asks, "Who provides market intelligence services for the medical device industry?"
Group member Alma Denisse Martinez submitted a discussion that warrants a larger audience. She posted an article, "Mexico's new President-Elect Lopez Obrador and the future of NAFTA and Mexican Manufacturing."
Some excerpts (paraphrased for brevity):
- Leftist Andres Manuel Lopez Obrador (AMLO) won in a massive landslide... [in a] mandate to change the country. What does this mean for manufacturing in Mexico and the future of NAFTA?
- Rivals' propaganda and memes said AMLO would be disastrous for Mexican business.
- In his post-victory, AMLO said he'd sign NAFTA, affirmed practical economic policies, and the independence of the Bank of Mexico. (As former mayor, he had been a stauch NAFTA critic and has since adjusted his views, championing better wages and working conditions within existing trade agreements.)
- The US will resume NAFTA negotiations after the November elections, giving AMLO some time.
- Commentators suggest AMLO wants to put money into infrastructure, to be fiscally responsible, to gain investor confidence. They saw possible public-private investments, particularly in energy and power.
The unabridged article at https://medgroup.biz/AMLO.
For the group:
- Do you have experience manufacturing in Mexico?
- Do you believe NAFTA and/or the election will impact conditions materially?
- If you produce outside your country, was Mexico ever in your consideration set and rejected for some reason?
Agnitio’s take on an interesting BCG study at https://medgroup.biz/medtech-commercial-model. “Clinician-focused models generate revenues per sales rep 35% to 50% of those generated by companies targeting administrative decision makers.”
The demise of our LinkedIn group
The inside scuttlebutt among owners of big LinkedIn groups like mine say today (Tuesday, August 28, 2018) is the day LinkedIn starts the conversion to new groups.
This is the content of my last announcement to the group: "I SEE DEAD GROUPS."
And yes, I am quite pleased with my little meme here.
Thank you for being part of our Medical Devices Group community.Make it a great week. Joe Hage Medical Devices Group Leader
P.S. So you know how I say my 10x events are fun?
This is one of the between-session clips I played. Still makes me laugh.
How gone are we?We're so gone that I changed the name of the LinkedIn group, From: Medical Devices Group To: MedicalDevicesGroup.net (we moved!)
Our progress so farI'm delighted with our first month of progress. We already have:
Full question-and-answer functionality along with the ability to be notified(!) when someone leaves a comment;
793 archived questions and 18,302 answers;
40 accessible webinars (replays, slides, transcripts);
Weekly announcements (opt-in required at https://medgroup.biz/stay); and,
NEW TODAY! A full calendar of 89 upcoming medical device events!
Coming attractionsVery soon, you'll also be able to:
Access our jobs board;
Search the entire database for questions and answers;
Share posts on LinkedIn, Twitter, and email;
Ask questions directly to our Medical Devices Group Advisors;
Consult a "promotions" tab for member offers;
Conduct a poll; and,