Regulatory Manager: From Concept to Commercialization: The Real Challenge for Medical Device Entrepreneurs
Posted 01 July 2010 | By
Consider the following...
Organization A was formed to commercialize a medical device therapy for treating chronic inflammatory diseases. It raised more than $400 million to complete extensive research on the therapy, including two large multi-center clinical trials, and seemed poised for success. However, both clinical trials failed, ultimately resulting in the dissolution of the organization. How can an organization with great success raising capital fail?