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The Institute of Medicine (IOM) released a report recommending the 510(k) process be scrapped. Read more about the medical device industry’s reaction.
In the race to get new medical devices to market, companies encounter FDA speed bumps that slow down the process. But would we really be willing to accept the risks that would accompany fast FDA approvals?
Many would agree that surgeons are qualified to create innovative medical devices that may be superior to what is currently available. But the controversy arises when surgeons begin to profit by purchasing their own products for use in their patients.
A disposable insulin pump maker has completed the biggest equity financing transaction this year, proving that fundraising dollars are not as scarce as some might think. But the company, Valeritas, has a lot of things on its side. Read more about the company's advantages.
In medical device development, challenging weaknesses early in the process can help an entrepreneur zero in on problem areas. Read more about this twist on the idea of fast failure.
At age 25, Laura Sanko was a founding member of a startup that raised $3.5 Million from some world-famous investors and the Founder’s Fund. The business model was simple: a website that rented high-end jewelry for special occasions for a fraction of the retail value of each piece. Three years later, the investment money was all gone and while the site continued to operate, it had failed to meet the investors’ expectations. I sat down with Laura to figure out what went wrong.
Adam Berk had a vision of creating an online library where neighbors could borrow tools and electronics from one another. Why buy a fancy camera you only needed to use once for a big trip? Why invest the money in physical tools for a home remodeling project if you are never going to need them again? Adam and his best friend Dave spent 5 years creating this utopian community, neighborrow, powered by a new form of currency. Their business model was to eventually white label the product and sell it to large apartment buildings and others who wanted to facilitate a borrowing community. But they never achieved their vision.
Two entrepreneurs will be recognized by the National Postdoctoral Association and the Ewing Marion Kauffman Foundation at the NPA's annual meeting tomorrow in San Francisco. Read more about the accomplishments of this year's 2012 Ewing Marion Kauffman Foundation Outstanding Postdoctoral Entrepreneur and 2012 Ewing Marion Kauffman Foundation Emerging Postdoctoral Entrepreneur.
Finding funding for a life science startup will be one of the featured topics at the Kauffman Life Science Ventures Summit in June. Read more about this upcoming event for entrepreneurs.
Healthcare business plans and business models are among the topics for discussion at the Kauffman Life Science Ventures Summit in June. Read more about this opportunity for life science entrepreneurs.
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