A Medical Device Manufacturer with successful online sales needs to navigate the complexities of the Food and Drug Administration to launch the second of four advanced medical devices enabled by Internet-of-Things supported monitoring. Software and security issues are front of mind as are potential grant-funding opportunities. The CEO reached out to Radius Advisory Group to develop a series of strategic moves to grow existing sales, identify potential grant funding for further RDT&E, and explore cybersecurity measures for current and future device engineering. Initial strategy sessions to develop potential courses of action are underway.
While a medical device manufacturer focuses on how to advance the world of at-home care, advisors are developing a strategy to liaise with federal regulators, identify potential device security solutions and grow near-term sales.