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OIT Biodesign Innovation: Needs Finding and Concept Creation

Health Law: Life Science Research Institutions & Companies

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OIT 384

Biodesign Innovation: Needs Finding and Concept Creation

Graduate School of Business

Recommended for route(s):

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] Health Law: Life Science Research Institutions & Companies

Why it is relevant for ...

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] as a Relevant Course outside SLS for those interested in Lifesciences: Innovations : Students interested in lifesciences should consider taking one or more courses on the market and regulatory issues raised by innovation in the health care industry. Both the regulatory and payer environment in the U.S. and abroad are critical considerations in the development of business models for new health care products and services. This course examines innovation in the life sciences industry, from an assessment of clinical needs and the potential market for a new concept to the development of a business plan, including patentability, financing and licensing strategies.

General course Description:

This is the first quarter of a two-quarter course series (OIT 384/OIT 385). In this course, students learn how to develop comprehensive solutions (most commonly medical devices) to some of the most significant medical problems. The first quarter includes an introduction to needs finding methods, brainstorming and concept creation. Students learn strategies for understanding and interpreting clinical needs, researching literature and searching patents. Working in small entrepreneurial multidisciplinary teams, students gain exposure to clinical and scientific literature review, techniques of intellectual property analysis and feasibility, basic prototyping and market assessment. Students create, analyze and screen medical technology ideas, and select projects for future development. Final presentations at the end of the winter quarter to a panel of prominent inventors and investors in medical technology provide the impetus for further work in the spring quarter. Course format includes expert guest lecturers (Thu: 4:15 to 6:05 pm), faculty-led practical demonstrations and coaching sessions and interactive team meetings under the mentorship of Biodesign fellows (Tues: 4:15 to 6:05 pm). Projects from previous years included: prevention of hip fractures in the elderly; methods to accelerate healing after surgery; less invasive techniques for bariatric surgery; point of care diagnostics to improve emergency room efficiency; novel devices to bring specialty-type of care to primary care community doctors. More than 4,000 patients have been treated to date with technologies developed as part of this program and more than ten venture-backed companies were started by alums of the program. Students must apply and be accepted into the course. The application is available online at http://biodesign.stanford.edu/bdn/courses/bioe374.jsp, and the application deadline is November 18, 2011.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

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