I'm excited to be on the Diagnostics Panel at RESI in Boston on September 25 to talk about the risks, challenges, and path forward for investment in diagnostics. The past couple of years have been brutal for investment in diagnostics, and while our space is starting to recover, there are clear lessons to take from 2020-2022.
1) Investing in tools and kits, and investing in diagnostics, are not the same. Different customers, different markets, different challenges, different path to revenue and returns.
2) Great science, cool technology, concordant clinical validations do not mean there is a diagnostic test that 1) physicians will use to change how they practice or 2) that payors will pay for. If no one uses it, and/or no one pays for it, there is not a product.
3) Experience matters. Teams with no experience bringing clinical diagnostics to the market will have trouble anticipating timelines and capital requirements.
4) Boards can really mess up diagnostic companies. It's great to have big names, distinguished scientists, and blue chip investors on your board, but if you don't have anyone who can give expert guidance from experience, chances of success are lower. Try to find someone that can give clinical and commercial guidance, especially.
Come join us!
#diagnostics #RESIBoston #precisionmedicine #innovation
🔬 Join Us at RESI Boston for the Diagnostics Panel 🚀
The future of personalized medicine is rapidly evolving, and at RESI Boston, we're diving into the latest advancements in diagnostics. From IVD to genomics and precision medicine, this panel will explore the critical innovations driving the industry forward.
💡 Panel Highlights:
Current Trends: Discover where the interest lies in today's diagnostics landscape.
Challenges: Learn about the hurdles in navigating a competitive environment and how to overcome them.
Investment Strategies: Get insights into successful fundraising and building investor relationships.
Regulatory & Developmental Milestones: Understand the key obstacles and how to achieve critical milestones.
Meet the Experts:
Bruce Cohen - Xeraya Capital (Moderator)
Nat Brinn - VC23
Deborah Hemingway, PhD - Ecphora Capital
Hannah Mamuszka - 10Edison Capital
James Murray - ExSight Ventures
Soyoung Park - 1004 Venture Partners
Don't miss this chance to gain valuable insights from industry leaders on how to successfully navigate the diagnostics ecosystem. Whether you're a startup looking to fundraise or an established company seeking to stay ahead of the curve, this panel is a must-attend! Register: https://lnkd.in/e7QS-AZi
#RESIBoston #Diagnostics #PersonalizedMedicine #Innovation #InvestingInHealthcare
-