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9.22.2009 PANELISTS: Peter Barrett, Partner, Atlas Venture Alvaro Pascual-Leone, MD, PHD, Professor in Neurology, Director, Berenson-Allen Center for Noninvasive Brain Stimulation and Harvard-Thorndike Clinical Research Center, Harvard Medical School and Beth Israel Deaconess Medical Center Stan Lapidus, Chairman, Helicos Biosciences Corp. Jeffrey M. Arnold, Founder and President, Arnold Strategies, LLC MODERATOR: Mark Chalek, Chief, Business Ventures, Beth Israel Deaconess Medical Center

Forum Abstract

There is no doubt that the current economic downturn has wreaked havoc in medical device investment. Smaller device companies are cash strapped, and have little hope to enter the public market. Venture investors are reluctant to invest as a result; new regulatory and medical reimbursement issues continue to add complexity into the mix. The pace of discovery of innovative medical solutions made in academia remains unchanged, however.  Is this a matter of waiting out the storm, or is there a need for a new model of academic/industrial relations?
This CIMIT Forum will showcase the perspectives of diverse stakeholders in the device space: the VC, the small company CEO, the life sciences entrepreneur, and the academician. Some of the issues to be explored will include: nature of collaborations between academia and industry; the maturity level of academic innovations needed to attract industry attention; and new/creative ways of structuring alliances/deals.

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