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  • jl959 replied to the topic Funding in Medical Devices Industry in the forum Introduction to Project Management 6 years, 2 months ago

    The company will have to weigh out the risks and benefits of continuing the project. If the idea is completely novel and backed up with successful clinical trials, the project should not be dropped and further research should be conducted since the potential for commercial success is great. The company should then expend some resources to look for potential investors to fund the project.