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OIT Biodesign Innovation: Concept Development and Implementation

Intellectual Property: General

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Intellectual Property
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OIT 385

Biodesign Innovation: Concept Development and Implementation

Graduate School of Business

Recommended for route(s):

[ Academia ] [ Litigation ] [ Regulatory & Policy ] [ Transactional ] Intellectual Property: General

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 1 or more courses on the market and regulatory issues raised by innovation in the IP or health care industries. 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 financing and licensing strategies.

General course Description:

Two quarter sequence (continuation of OIT385 - see OIT384 for complete description of the sequence). The second quarter focuses on how to take a conceptual solution to an important medical need forward from early concept to technology translation, development and possible commercialization. Students expand on the topics they learned in OIT384 to learn about prototyping; patent strategies; advanced planning for reimbursement and FDA approval; choosing translation and commercialization route (licensing vs. start-up); marketing, sales and distribution strategies; ethical issues including conflict of interest; fundraising approaches and cash requirements; financial modeling; essentials of writing a business or research plan; strategies for assembling a development team. Students continue to work in multidisciplinary teams to select a final concept and develop a business plan. Final presentations are made to a panel of prominent venture investors and serve the role of a VC pitch. New students (i.e. students who did not take OIT384 in the winter quarter) will need to submit an application at http://www.stanford.edu/group/biodesign/courseapplication11.html by March 16, 2012. Students who took OIT384 in the winter quarter are automatically accepted into the spring quarter.

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

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