BIO375H5 Study Guide - Final Guide: Business Plan, Startup Company, Breast Implant
Document Summary
Drugs: synthetic organic molecules (small molecules) made de novo by synthetic chemistry processes or naturally occurring compounds which have been isolated or re-synthesized in the lab, oligonucleotide based drugs (dna and rna) are also included. Ivd (in vitro diagnostics) there are 2 types: devices analyzers for samples like blood, urine, serum, tissue, etc, reagents chemicals used to mark or recognize specific components in the samples. Business models and financial plans vary with the economic or personal context and goals of the founders. Any business model, to be successful, must come from an understanding of the complete commercialization path for the regulated product. The processes are all carried out in parallel. Business plan is different from the business model because business plan includes both business model and financial plan. Having an outstanding scientific idea is good enough to develop a new biomedical product.
