Med-Tech Innovation Product development
Choosing a Contract DEVICE DEVELOPER
Andrew Gibbs of Warwick Design Consultants outlines the factors that are important when choosing and working with a contract development organisation. Particular focus is given here to the development of new drug delivery devices, but the principles are relevant to developing all types of medical devices.
60% of expenditure for new pharma/device development is spent on outsourced services. Therefore, it is critical to engage the right resources, and the contract device development organisation (CDO) is one of the mission critical contributors. With the proper experience the contract developer
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will provide intelligent, relevant concepts, not only with respect to the design, function and safety, but also,
16 ¦ September/October 2013
orporations are shedding staff to reduce operating costs, which creates the need for external assistance to achieve new product development. It is estimated that 20% to
and essentially, with the production itself. Delivery devices are a way to profit from an existing library of viable and available active ingredients. The time to develop new drugs gets ever longer, and increasing costs are a major challenge facing pharmaceutical and biotechnology companies. As a result, reducing time- to-market is an essential component in any business strategy, particularly when considering patent expiration. Outsourcing drug–device/device development and production offers ways to significantly reduce that time as well as other benefits: • Quick reaction time
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Intranasal semi- automatic assembly machine for clinical trials
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