2 min reading time

After a three-year absence, Deborah Douglas returned to the 10x stage with advice how to (and not to) sell your medical device company.

“Too many come to us before their technical approval is quite in place,” she explained, “but it hurts value too much.”

“The other thing that happens is they come before they’ve gotten final approval. Investors come in behind them, but they don’t want to buy the company.”

“Instead,” Deb, founder of the Douglas Group and author of RIPE: Harvesting the Value of Your Business, said, “they want to reimburse you for your cost and get a majority ownership for doing that.”

Few business owners are interested in that deal.

Today’s video is for those who seek an exit someday. You’ll not likely find a better teacher than Deb.

Click here for her slides and the transcript.

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What is “Metabesity?”

I didn’t know, so I talked with Kimexum CEO Thomas Seoh.

He explained “Metabesity,” a term coined by Kinexum’s executive chairman Alexander (“Zan”) Fleming. M.D., refers to a constellation of diseases and conditions of chronic aging: Diabetes, obesity, cardiovascular, neuro-degenerative diseases, cancer, and the aging process itself.

Emerging science suggests a common mechanisms behind them which, if true, raises the possibility of common solutions. You’ll find this conversation excerpt interesting if you focus on the extension of our “health span;” that is, the period of life spent free of major diseases.

Thomas will host Metabesity 2019, a two-day event in Washington, DC, on October 15-16.

Go to discuss prevention and treatment of chronic and acute diseases with scientists and policy makers.

Here’s a link to the Metabesity 2019 program agenda. I might be able to come; it sounds interesting! Use code MDG to save 25% on any registration package (excluding the $499 Student and Professional Trainee rate).

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Fast Round about Medtech Product Design

At 10x, Fast Rounds recognize each guest is an expert – even if we don’t have time to feature each as a speaker.

I spent time with Michael Neidert, Vice President of Business Development for medtech product design firm Ximedica. You’ll want to talk with him if you design medical device products built with quality assurance in mind.

Click here if you’d like to be considered as a future Fast Round participant.

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Thank you for being part of our Medical Devices Group community!

Please  to educate your network.

Make it a great week.

Joe Hage
Founding Principal,
Medical Devices Advisory Group

P.S. Did you see the newly proposed FDA warning labels for cigarettes?

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