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The future of life sciences is small and specialized

The future of life sciences is small and specialized. First hand observations LEIDEN>MAY 2006>FOR MORE INFORMATION> N.V.D.MORTEL@CAMIMPLANTS.NL. Is the myth of David and Goliath true in the world of life sceinces. CAM Implants. We are specialized and we are small Nobody has heard of CAM

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The future of life sciences is small and specialized

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  1. The future of life sciences is small and specialized First hand observations LEIDEN>MAY 2006>FOR MORE INFORMATION> N.V.D.MORTEL@CAMIMPLANTS.NL

  2. Is the myth of David and Goliath true in the world of life sceinces

  3. CAM Implants • We are specialized and we are small • Nobody has heard of CAM • Pioneers in biomaterial development • We develop and produce calcium phosphates • Nobody will ever hear of CAM • We are in the none sexy field of orthopedics • We do not market the products ourselves • But we know more of calcium phosphates than anyone else

  4. Specialized • Builds great customers relations • Outsourcing  Pipeline • Gives a scientific aura • Graduates do know you • High sympathy factor • Access to knowledge centers • Being on top of developments • Third party patents are a source of inspiration

  5. Specialized • Risk management • Outside world is out of touch with developments Need to create own world of specialists • Career opportunities for graduates • Interesting work vs. interesting careers • Caught in a box • Literately: from VC, to clients, to idea generating staff

  6. Small • It is all true: • Short lines of communication • Flexibility and responsiveness • And there is more: • Big companies outsourced all none core services • Making them available for “small” companies • At direct costs the best of the best can be in sourced • And small companies do hire them more cost efficient

  7. Small • And there is even more • E business systems are off the shelve and scalable • Logistical systems are operational • Marketing and communications are in sniper mode • Financial systems lag behind but close the gap • All at scalable and “direct” costs

  8. If DAVID would now encounter Goliath • He has become stronger and now has an eye ball guided missile launcher instead of a slingshot

  9. There is a stamina issue • Specialists create great ideas • Big or small company the $ risks involved are the same • Big companies can pursue more ideas

  10. David and Goliath • But then are they adversaries or will they be allies?

  11. First hand observation • The merits of starting small The future of life science is small and specialized! So how do small companies cope with long-development times and high risk of new product development for the life sciences? What role is played by intellectual property? How can they maintain an adequate patent pipeline and how what do they do once the patents run out? How do small life-science companies attract and retain high quality employees? Are they a good career alternative for the best graduates? How will the role of major life-science company's change and what will the industry look like in 20 years time?

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