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1. Idea / Research Project
How do you identify the best research project or the biotech company that will provide a valuable and quick exit?
MediTeam has a strong network in the research and biotech communities in Scandinavia and can quickly identify a project or business candidate. Thus, we are the ideal partner for identification of research projects and businesses with excellent growth potential.
Before we present a project, we ensure that:
- The patent protection is good
- The project/business has excellent economic potential
- The right competences are present
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2. Market Analysis
After presentation of a potential candidate, we can assist with the screening process. The natural first step is a thorough market analysis, which provides a good basis for future decisions.
We know the Life Science area well and have contacts throughout the world. Therefore, we can supplement database searches with interviews of key players in all therapeutic fields to get their view on potential needs, price etc.
Based on the data collected, we supply you with a report that provides a good initial decisions base.
MediTeam provides professional assistance with:
- Quick and thorough market analyses
- Based on
- Excellent knowledge of the entire Life Science area
- Good contacts throughout the world
- Relevant interviews with key opinion leaders
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3. FtO-analysis
If the market analysis shows that the project candidate has potential, an FtO-analysis (Freedom to Operate-analysis) will provide an overview of the possibilities for exploring existing and future patents.
MediTeam has via network co-operations access to all relevant data bases and can perform a quick and qualified FtO-analysis for any Life Science project, employing:
- Experts with scientific degrees within almost all Life Science fields
- In-depth understanding of the technology and the field
- Continued close contacts to the research community and knowledge of new developments
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4. Patenting
Of course we ensure that the project or business portfolio are covered by existing
patent(s), but the market and FtO analyses may show that additional patents can be filed.
In this case, we can take care of the entire patent process and maintain continuous contacts with the research team and the patent agency.
MediTeam co-operates with a number of patent agencies who specialise in Life Science and can therefore choose the right one in each case.
MediTeam keeps track of the entire process and ensures that:
- An optimal application is written and filed quickly
- The patent has the best possible coverage and the costs are as low as possible
- A good, continuous communication takes place between the patent agency and the research team
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5. Commercialisation Potential
It can be difficult to assess the commercial potential of a research project from universities as well as from biotech. It is of course imperative to know the exact developmental stage and the time to ”proof-of-technology”, but it is almost equally important to know the competences of the research team, what motivates them etc.
We co-operate with experts in the pre-clinical, clinical and regulatory fields and can help determine the easiest way through the system. If the need to use a CRO arises, we have good contacts to local companies.
MediTeam can help decide the optimal strategy based on:
- In-depth understanding of the technology and the real developmental stage of a project
- Good knowledge of what motivates researchers and the competences of the team
- In-depth understanding of the pre-clinical, clinical and regulatory fields
- Good contacts to local CROs
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6. Investment Agreement
If a project has passed all stages of the screening process, the requirements for funding must be assessed. Since the applicant may have unrealistic expectations, it is important to discuss these without destroying trust.
Based on the previous evaluations, we can determine the realistic requirement and can explain the decision to the applicant while preserving a good “climate”.
MediTeam can take care of the initial negotiations based on:
- Trusted and well-thought of in the research community
- In-depth understanding of the technology and the market
- Fast elimination of misunderstandings based on knowledge of both ”languages”
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7. Project Management
Once the agreement has been signed, the real work starts. Securing the optimum momentum in the project to allow an exit in 3-5 years requires continuous contact and knowledge sharing.
Project Management is an important but time consuming task, which if often neglected. Even in the cases where investor has a seat on the Board, closer contacts with the company is often warranted. Thus, it is an advantage to employ a dedicated project manager who looks after all the practical details and ensures a continuous, positive dialogue between the company and the investor.
Since everybody is very busy, it can be difficult to find the necessary resources for project management, and it is often advantageous to hire an external project manager.
MediTeam offers project management of any licensing contract:
- Extensive experience in management of complex projects
- In-depth knowledge of and experiences with research and business
- Fast elimination of misunderstandings based on knowledge of both ”languages”
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