For the last 5 years Medical Device companies have worried about the impact of the new Medical Device Regulations on their business, and what would happen May 26th, 2020, when the new law would be implemented within the EU. Then, when COVID hit, and implementation of the law was delayed with a year, companies got Read More …
Category: International Business Development
GB5D and SciMed Partners Announce Agreement to Collaborate
GB5D helps Companies Expand beyond Their Domestic Market The World Just Got a Little Bit Smaller SciMed Partners and GB5D have agreed to cooperate in order to better help foreign life sciences, medtech, and healthcare technology companies with US market entry. With several hundred years of combined biotech, medtech, life sciences, healthcare technology and international business Read More …
Skip Domestic. Commercialize in a Foreign Market first?
Over he last few months, several companies that had not commercialized their products in their domestic markets asked me about entering one or another foreign market. Normally, I tell them that’s probably not a good idea. The reasons behind my statement are straightforward. Entering a foreign market is more difficult than addressing your Read More …
Milken NTE101: Mentoring Businesses Successful Domestically but New to Export.
The Milken Institute’s California Center recently launched a program called New to Export 101. The Milken NTE101 program aims to help local manufacturers who have a domestic market but are new to export. I volunteer as a Mentor. Any local manufacturer with an established domestic market and New to Export can apply to the program, Read More …
Assess and Protect against Product Liability Claims when Entering a Foreign Market
When you enter a Foreign Market you will probably face a Product Liability regime different than the one in your home country (Similar But Still Separate and Distinct). Chances are your company is not intimately familiar with the risks in the market you plan to enter. Our experience has shown that “the unknown” can often Read More …
Life Sciences Cluster: What are Your International Expansion Challenges?
International Expansion Challenges The Life Sciences Industry faces some of the same International Expansion Challenges faced by other industries pursuing global expansion: They must ask themselves which geographical markets they want to expand into. They must find out how they will go about market entry. License the technology to a foreign partner? Find a distributor? Read More …
Invest in a Strategic International Business Development Plan. Consider Regulatory Restrictions
As your company contemplates expanding its market into foreign countries, sometimes regulatory restrictions play an important role. Think about a company selling supplements, or mechanical components for the aerospace industry. In such an environment, investing in a Strategic International Business Development Plan may mean the difference between certain failure and success. Regulatory Restrictions It may very well Read More …
How does a Life Sciences Company Go about European Site Selection?
You want to set up a subsidiary in Europe? You ask yourself what country to pick for your European HQ’s? How do you go about European Site Selection? What is your intention? To provide insight into the process, we will take the example of a US based Life Sciences company. The company wants to enter the European market. Read More …
European Startups Set Up Shop in the US to Access American Venture Capital
Sometimes startups in Europe exhaust their access to local capital. They must consider moving to the US, or setting up a subsidiary in order to Access American Venture Capital. As an added benefit, European startups funded with US capital typically attain higher valuations than startups that only attracted European money. The US has more VC money than Europe. Per Read More …
Three Steps to Find your Partner: 3. To Select the Best International Business Partner, Compare the List of Potential Candidates with your Ideal Partner Profile
The first step, explained how you can develop a list of characteristics ranked and weighed, describing our Ideal Partner. The second step resulted in a list of potential candidates. Making a comparison between the list of potential candidates with your Ideal Partner profile sound very straightforward. except, it is probably a complex, arduous task. If Read More …