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Med Device Innovation In Freefall?

"An index of the most innovative medical device and pharmaceutical companies shows that device makers fall short when it comes to developing next-generation technologies." (From MassDevice Staff via MedCity News)

Recommendations?

"“Think open innovation,” (wrote Strategos director George Chen.) “There is still a lot value in coming up with the next ‘wonder drug,’ but companies should rethink how they put together the pieces. The ‘IP’ market is growing rapidly and market intermediaries are making the discovery and acquisition of IP ever faster and less costly.  

"A forward-thinking medical device chief technology officer explicitly included ‘external IP scout and external knowledge-web manager’ in his job description.

Broadening the research to health providers would be interesting.  The imperative to move beyond traditional service lines and marketing approaches is increasingly clear (at least to me.)  Now the challenge becomes identifying and tapping new intellectual property, new partners and new value propositions.

How many hospital strategists have "external knowledge web manager" in their job description?

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