BIODESIGN UPDATE John Linehan June 4, 2015 Mission Statement Train the next generation of leaders in medical technology innovation EDUCATE COLLABORATE INNOVATE Heading into year 15… needs invent med tech patent license collaborate cost effective surgical innovation license Stanford FDA discovery technology transfer ethics & policy prototype reimbursement specialty innovation teamwork outcomes Biodesign Fellow teams 2014-15 Red Team WhiteTeam SpecialtyTeam Biodesign fellow alums… BRÜN CAYDIAN CAYDIAN Lymph/Axis DAN AZAGURY Assistant Professor, Surgery TODD BRINTON Associate Professor, Cardiovascular Medicine DAVID CAMARILLO Assistant Professor, Bioengineering VENITA CHANDRA Clinical Assistant Professor Vascular Surgery BIODESIGN FELLOWS now on Stanford Faculty BRYANT LIN Internal Med, Stanford SID SINHA Clinical Instructor, GastrointesJnal Medicine RYAN VAN WERT Clinical Instructor Pulmonology JAMES WALL Assistant Professor, Surgery ROSS VENOOK Lecturer, Bioengineering UDAY KUMAR Founder, iRhythm CEO, Element Science NISH CHASMAWALA Founder & CEO, Consure MARIE JOHNSON Founder & CEO, AUM Cardiovascular FLETCHER WILSON Founder & CEO, Intervene KEN MARTIN CEO, Cibiem BIODESIGN FELLOW CEOs (selected) BRIAN FAHEY Founder & CEO, Niveus MICHAEL ACKERMANN Founder & CEO, Oculeve MATTHEW CALLAHAN Founder & CEO, LymphAxis VICTOR MCCRAY Founder & CEO, Ocular Dynamics KATE GARRETT Founder & CEO, Ciel Medical Biodesign Faculty Fellows, 2015 Robson Capasso Clinical Assistant Professor, Otolaryngology Member, Stanford Center for Sleep Sciences and Medicine Peter Li Clinical Assistant Professor, Otolaryngology Mintu Turakhia Markus Covert Associate Professor, Bioengineering Cindy Kin Assistant Professor, Surgery (Colon and Rectal Surgery) Assistant Professor of Medicine (Cardiovascular Division) Health Research and Policy, PA Veterans Affairs (courtesy) Shreyas Vasanawala Associate Professor of Radiology (Pediatric Radiology) Curriculum Development 2nd edition text– Feb ‘15 Companion Website 200+ Videos For More Information… Videos “on demand” • Video discussing team building: http://ebiodesign.org/video/teamdevelopment/#mpf-popup@// www.youtube.com/watch?v=lcJSD7j1mKI|| undefined Biodesign Courses • Biodesign Innovation. This two-quarter course provides students with skills essential for the development of new biomedical technologies and enables them to take the critical first steps in invention, patenting, early prototyping and development of new concepts. Includes an introduction to brainstorming development processes and business strategies. Biodesign Courses • Global Biodesign. This course provides an overview of medical technology development in regions such as Europe, East Asia and South Asia. Biodesign Courses • Technology Assessment and Regulation of Medical Devices. Regulatory approval and reimbursement for new medical technologies as a key component of product commercialization. The regulatory and payer environment in the U.S. and abroad, and common methods of health technology assessment. Framework to identify factors relevant to adoption of new medical devices, and the management of those factors in the design and development phases. Case studies; guest speakers from government (FDA) and industry Biodesign Courses • Biodesign for Mobile Health. T This seminar examines the emerging Mobile Health industry. Innovations in this area promise solutions to the need for universal access to affordable and effective health care by enabling consumers to take charge of their health, creating affordable ways to manage aging and chronic conditions, moving care from the hospital into the home, improving treatment options by providing transparency of measurable clinical outcomes, and shifting the focus from “sick care” to “health improvement” and prevention. Biodesign Innovation Fellowships Taking Stock Summer, Fall 2014 • Interviews and focus groups with fellow and student alums • Discussions with industry leaders • Faculty/staff subcommittees on fellowship, global, academic priorities Biodesign Innovation Fellowships Assessment • Biodesign serves an ongoing need-plan for sustainability • Renew focus on Stanford fellows and students (and faculty) • Significant adjustments needed for new healthcare environment Biodesign 2020+ 3 areas of focus: • The new economics of health technology innovation • Enabling health care outside of the hospital • Technology innovation to address global health needs & markets The new economics of health technology innovation • In the US, changes in the healthcare ecosystem are definitely considerations for new products. • The cost of care relative to its quality is now a primary consideration in driving the evaluation of a business. The new economics of health technology innovation • In the biodesign fellowship program, we are pushing the concept, within today‘s value-oriented environment, that products that significantly– not incrementally– generate measurable savings while providing acceptable (or better) quality will be the ones with the clearest path forward. Global Outlook PWC Medical Technology Innovation Scorecard January 2011 “In 2015, do you believe that the attractiveness of the commercialization opportunity [in medtech] will become much worse, worse, same, better or much better?” No mountain is insurmountable when you have the right approach