Lee Schafer: Device firms turn to larger peers for funding

  • Article by: LEE SCHAFER , Star Tribune
  • Updated: March 23, 2013 - 3:06 PM

John Scandurra calls the traditional medical technology start-up financing model broken, and he is far from alone among medical technology entrepreneurs in saying so.

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dlmooradianMar. 26, 13 8:59 AM

This is a trend that will continue in the coming years as large medical device companies reduce expenditures on organic R&D and the paucity of venture funding drives both entrepreneurs and strategic partners to engage at an earlier stage than is optimal for either under existing BD models. Stake-holders on both sides will have to redefine what is required for a successful partnership (i.e. when is it "too early") - and use it to their advantage - if they are to innovate and thrive.

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