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Fake news and corporate espionage are alive and well, which is more than we can say about Brian Meshkin‘s startup, Proove Biosciences. I’m angry for a number of reasons. First, deliberate lies destroyed a company. 278 people lost their jobs. Second, I believe Brian’s chronic pain management solution has no equal. Mercifully, I don’t need his patented solution yet – but I may one day – and it’s off the market now. It’s unfair. And I hate “unfair.” Watch Brian’s presentation so you don’t make the same mistakes he did. Slides and transcript available on the 10x Medical Device Conference library of presentations. He had to put the company in receivership. I asked, “When you put the company in receivership, do you have any ownership over the IP now?” Click here for that answer and his advice on receiverships. What now?Brian’s was one of three talks that pulled on our heartstrings. Entrepreneurs, please: Watch this brave presentation. (It takes humility to keynote about your failures.) Learn from Brian. You’ll undoubtedly see, he’s real and genuine. And I’m confident he’d take your call – because he strives to make his experience mean something in the long term. John Oliver’s satirical piece on our industryAs of this writing (June 4, 2019) and with nearly three-million views, this is #3 on the YouTube trending list. I would have done a whole write up on it but the piece, while amusing, rehashes much of what we discussed about “The Bleeding Edge” on Netflix. We discussed the movie at length as a group. If you missed it, see “510(k) was supposed to be the exception. ‘It’s Regrettable.’“ In it, Dr. David Kessler, FDA Commissioner, 1990-1997, is quoted, “That 510(k) pathway provision, which was meant as an exception, in essence, a little loophole… That exception became the rule. So the vast majority of devices today, regrettably, are regulated under this framework.” Oliver chides the industry for this major loophole, saying the 510(k) provision is jeopardizing us. Do you agree? Thank you for being part of our Medical Devices Group community!Please Make it a great week.
Joe HageFounding Principal, Medical Devices Advisory Group P.S. I’m going to Joe Anderson’s 32nd annual ConX event in August. You should send a delegate from your quality and supply chain organizations, at a minimum.  Marked as spam
 Posted by Asked on June 4, 2019 10:52 am
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Joe Hage
I got a TON of personal mail back on this one. And while I love it, I'd prefer you share here with the class so we all benefit in the discussion! 😁 Marked as spam
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Joe Hage
from Mark McWilliams After a judge heard the company's side, the "justice department" was directed to settle but the company was gone by that time. Very invidious, and D&O does not cover a whistleblower case so mgt was screwed, blued, tattooed and fined even though the case had zero merit. They had to settle. Marked as spam
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Joe Hage
from Stephen Glassic Marked as spam
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from Sherman Couch Marked as spam
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Joe Hage
You object to my characterizing what he offered as "his mistakes" as "mistakes," Sherman? Is that what you're saying? Marked as spam
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from Sherman Couch Marked as spam
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from Robyn (Smith) Barnes Marked as spam
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from Don Smith Marked as spam
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from David M. Peterson, Ph.D. Marked as spam
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from Travis N. Smith Marked as spam
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Joe Hage
Travis, are you implying Brian's take on things is disingenuous? Marked as spam
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