They have the intellectual property and need the expertise to turn the idea into a safe, viable product, often looking to outsource services such as product design and development, regulatory consulting, prototyping, sterilization, in-vitro and in-vivo efficacy and safety testing to meet their investors’ milestones for the product. Established device manufacturers also often have multiple development programs operating simultaneously that can dwarf their in-house resources, particularly in a COVID environment where cost and resources are routinely evaluated.

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