Commercializing successful biomedical technologies: basic by Shreefal S. Mehta

By Shreefal S. Mehta

Winning product layout and improvement calls for the power to take an idea and translate the expertise into beneficial, patentable, advertisement items. This booklet publications the reader during the functional points of the commercialization technique of drug, diagnostic and equipment biomedical expertise together with industry research, product improvement, highbrow estate and regulatory constraints. Key concerns are highlighted at each one degree within the strategy, and case stories are used to supply functional examples. The booklet will supply a legitimate street map for these excited by the biotechnology to successfully plan the commercialization of ecocnomic regulated clinical items. it is going to even be compatible for a capstone layout direction in engineering and biotechnology, delivering the coed with the company acumen abilities inquisitive about product improvement.

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Extra info for Commercializing successful biomedical technologies: basic principles for the development of drugs, diagnostics and devices

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1 Medical devices industry Devices are defined by the US FDA as an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, . , which does not achieve any of its primary intended purposes through chemical action within or on the body of man or other animals, and which is not dependent upon being metabolized for the achievement of any of its primary intended purposes. Medical device companies use traditional materials like metals or ceramic and advanced materials like composites to produce devices that work by providing mechanical or physical (not chemical) support and interaction with the human body.

Barriers to entry are high, requiring investment in specialized production facilities and analysis techniques that can be quite complex. 7 Porter’s five forces model 15 drug market has a higher hurdle for competition and launching innovative products is the primary means to gain and maintain competitive advantage. Porter’s five forces analysis can also be carried out at the company level, from the perspective of either a large pharmaceutical company or from the perspective of a small biotechnology company; not focused around a specific product, but focused around the company.

Existing crops. Some specific applications are in the development of new genetically modified plant and seed varieties, improved processing of grain products and the development of biofertilizers. Basic biotechnologies are also used to improve livestock for food production and to provide new treatments for veterinary medicine. Genetically modified foods are already in widespread use in the US food supply. Agricultural biotechnology is arguably the oldest continuing application of life sciences and includes the manipulation of plants and micro-organisms to enhance yield, add new characteristics, such as increased nutrition or taste, and reduce the use of toxic pesticides or fertilizers; these are all key goals of biotechnology in agriculture and in the foodprocessing industry.

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