Science Researcher Update

Kauffman FastTrac - TechVenture for Life Sciences

Written by BCI Staff | Nov 19, 2012 8:27:00 PM

FastTrac® TechVenture™ - For technology and life science entrepreneurs

Course - United States

Why has the current success rate for life sciences startups stayed at three out of 10?

Achieving success in the life sciences arena requires vision, a well-defined business plan, great execution, and lots of capital,(or a well executed license and acquisition strategy). Clinical trials and the wait for FDA approval can greatly extend the non-revenue period. Having a flawless plan strengthens a life science company’s credibility and helps meet that next milestone on the road to profitability or a key value inflection point.

Mechanism of Action is just the beginning of what it takes to be successful. The majority of functions that must be performed perfectly include:

Patient population economics

Regulatory strategies; right protocol, achievable/smart endpoints, correct patient participants

Determining a 505(b)(2) or 505(b)(1) development program pathway

Determining a 510(K) or PMA development program pathway

Reimbursement strategies; differing reimbursement environments, multiple codes, limited reimbursement & attended monitoring

Strategic pricing criteria

(Courtesy of http://properohca.affiliate.fasttrac.org/)

Mon, Nov 26, 2012 — Feb 11, 2013

FastTrac® TechVenture™ for LifeSciences™

Loeb & Loeb, 345 Park Ave, 21st Fl Conference Center, New York, United States

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