Chris Lee’s Post

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Founder and CEO of VentureBlick, Board Chairman, Global Healthcare Leader, Investor, Startup Advisor

Did you know that 45% of healthcare innovations for big companies now come from external sources? More and more, healthcare giants are building their pipelines through a mix of in-house development, licensing deals, collaborations, and acquisitions. But why is looking outside so important? Here’s what’s driving this shift: 🔍 Tackling the patent cliff When blockbuster patents expire, revenue can take a big hit. External innovations help fill the gap, bringing fresh products into the pipeline without starting from scratch. 🔍 Cutting costs R&D is expensive and takes time. Partnering with external innovators saves money, speeds up timelines, and shares the financial risks of development. 🔍 Diversifying products No company can innovate in every area. External partnerships bring in fresh ideas and solutions that complement or expand what companies can do on their own. 🔍 Staying adaptable The healthcare landscape is constantly shifting. Working with outside innovators helps companies adapt quickly to new opportunities, challenges, or market changes. 🔍 Boosting ROI External partnerships often mean acquiring or licensing products that are closer to market-ready, reducing the risks and costs of early-stage R&D. 🔍 Exploring new markets Innovators often have unique insights into niche or underserved markets. Partnering with them can help big companies break into new areas they couldn’t reach on their own. At VentureBlick, we’ve seen this trend firsthand. Big companies aren’t just looking for small improvements — they’re on the hunt for game-changing ideas. That’s why we’re working with a leading global healthcare company to run a worldwide search for breakthrough innovations in consumer health. If you’re an innovator with something truly amazing in the areas of oral health, nutrition & wellness, pain management, and respiratory wellness, we’re running a global search that could be your chance to take your innovation to the next level. Learn more: https://lnkd.in/gT-VXU3k #healthcareinnovation #openinnovation #techscouting #consumerhealth

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B S

Medical Imaging & AI (Breast, Chest, Cardiac-CMR, CCT)

3w

Is trend same / similar in devices space / segment? Chris Lee

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Shuo Zhang, PhD, MBA

Senior Global Portfolio Manager @Philips // Design strategy to shape healthcare landscape with technological innovations

3w

Very insightful and cannot agree more - Thanks for sharing Chris Lee

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