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Development of IVD SMEs. What are the business models and are they viable?
14 July 2010
Development of IVD SMEs. What are the business models and are they viable?

Overview

The interactive workshop will provide you with a summary of various successful business models for SME’s in an emerging yet competitive landscape.


About the workshop leader

David Wilson serves as Vice President, Commercial Operations Europe for Molecular Detection, Inc. an early stage molecular diagnostics company with operations in the US, Europe and Israel. Previously he has held a variety of senior commercial roles in healthcare and bioscience companies including Boehringer Mannheim Diagnostics, Genzyme Diagnostics and more recently as founder and Managing Director of Bioscience Business Resources, a specialist agency supplying distributor selection and management services in Europe for IVD SMEs.  David’s commercial experience comprises Product Management, International Sales Management, International Marketing Management and Business Development. He has an MBA from the Open University Business School, a BSc (Hons) in Biochemistry with Microbiology from the University of St Andrews and the University of California, and he has published research in molecular oncology carried out at the Imperial Cancer Research Fund (now Cancer Research UK). Within Genzyme Corporation, David has held senior roles in both Genzyme Diagnostics and Genzyme Molecular Oncology, most recently as Director of Business Development for Genzyme Diagnostics. In this role David was responsible for the identification, screening and commercial evaluation of new products, platform technologies and businesses for acquisition. In earlier roles as International Sales Manager for Genzyme Diagnostics and for Genzyme Molecular Oncology he was responsible for the growth and development of sales and distribution channels throughout Europe. David has been an Innovation Advisor with the publically funded Innovation Advisory Service and a non-executive director and founding member of the South East Health Technologies Alliance (SEHTA).

About Molecular Detection Inc

Molecular Detection Inc. (MDI) is developing and commercializing a portfolio of "sample-to-answer" Detect-Ready™ molecular diagnostic tests for the rapid detection of infectious diseases. The company has launched its first product, the Detect-Ready™ assay for the rapid detection of methicillin-resistant Staphylococcus aureus (MRSA), a growing problem among hospitals and other health facilities around the globe. MDI’s mission is to become a leading molecular diagnostics company leveraging its novel technologies to commercialize products for the accurate, rapid and cost-effective detection of infectious diseases. MDI's Detect-Ready™ MRSA assay is a real-time PCR test designed to provide increased accuracy, faster time to results and more efficient utilization of hospital resources than other MRSA diagnostic products. MDI is also developing Detect-Ready™ assays to test for the presence of other microbial agents, including C.difficile, sexually tranSAE Media Grouptted diseases (STDs) and foodborne pathogens. The company’s products are based on novel patent-pending technologies that provide greater accuracy and speed while simplifying assay storage and use. MDI was founded in 2007 and is headquartered in Wayne, PA. It has research operations and an ISO 9001 and 13485 certified manufacturing facility in Israel.

Workshop agenda

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8:30

Registration & Coffee

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9:00

Introduction and aims of the workshop

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9:15

Key industry challenges

  • The competitive landscape
  • clock

    10:15

    Innovation, drivers of adoption, and barriers to entry

  • Overview of existing and emerging business models for SMEs
  • clock

    10:45

    Morning Coffee

    clock

    11:05

    Funding and time to market

  • SMEs and the NHS as a market
  • International markets – significance and access
     
  • clock

    12:30

    Close of the workshop

    VENUE

    Crowne Plaza Hotel - St James

    Buckingham Gate 45/51, London, United Kingdom

    A number of our clients have been approached by third party organisations offering to book hotel rooms. We would advise that you do not book through them as they are not representing the SMi Group. SMi Group books all hotel rooms directly. If you are approached by a third party organisation then please contact us before making any bookings. If you have already booked a hotel room using a third party organisation, we would highly recommend contacting the hotel you were booked into to ensure a booking has been made for you. We would also advise you to please check the terms and conditions of the booking carefully.
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    Crowne Plaza Hotel - St James

    Buckingham Gate 45/51
    London SW1E 6AF
    United Kingdom

    Crowne Plaza Hotel - St James

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SAE Media Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

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