Personally, I know a little bit about sales through my father who has spent a lot of time working as a sales rep for, first Quest Diagnostics, and now LabCorp. For his work he is specifically focused ...

I do not have any background in branding, and I do not know if I would be a great fit with my current qualifications. I feel like branding is more along the lines of what a marketing or communications...

I would say that the best medical device is not always the bestselling product. I feel like the quality of the medical device is incredibly important, but that the marketing strategies of the company ...

S-Corps and C-Corps are two types of corporations that share a number of key benefits: limited liability, stability in the case of shareholder death, ability to sell shares to raise money, and ability...

I agree with the idea that a profit margin of 70-80%, at the minimum, for medical device sales is unethical. There must be so many medical devices that have sufficient safety and efficacy but will nev...

I feel as though an additional business-only course would be very beneficial to all engineering students. Prior to taking IE492 I had little exposure to project management or business concepts outside...

One way to prevent manufacturing risks is to closely follow the standards set by the ISO and FDA. If all companies are kept up-to-date on quality assurance requirements, they are more prepared to ens...

I believe that one of the key challenges in guaranteeing the safety and efficacy of medical devices is ensuring that quality control and assurance processes are advancing at the rate of technology. Ne...

A unified quality management system (QMS) seems like it would be ideal for medical device companies, especially those based in different regions. If all the different parts of the company are followin...

I believe that the main reason that the 510K process exists is to make it easier and faster to gain approval for medical devices. If a product already has a relevant predecessor, it can gain market ap...

This topic is something that caught my attention as well when watching this week’s lecture videos. I hadn’t realized that the claims a company makes about their device would hold so much weight and th...

I would say that the FDA ultimately slows innovation, but for good reason. All medical devices, drugs, and treatments must meet the FDAs requirements prior to being utilized on/for humans. The existen...

The smarter approach really depends on the overall goal of the company. If the company has made a product that is reliable and successful they should continue using the same materials and production p...

The end of this prompt brings up one of the most important current questions in preclinical testing. Do we continue using animal models or do we start focusing more on incorporating alternative models...

The discussion surrounding animal use in animal testing is incredibly relevant today, with more and more people fighting against the use of animal models. I personally understand the necessity of anim...