A biomedical device business plan for Medicraften Devices Inc. to develop a fluid medication dispenser

Abstract

This thesis surrounds an analysis to understand what it would take for a company to successfully launch a prescription fluid dispensing device. This device would in theory be able to dispense medication at any time daily in correspondence to a patient's prescription. This thesis does not surround the actual development of a prototype, but gives a clear background into its technology. Other areas of research in this report include potential alliances and acquisitions of this company. This report gives a background into the target market, how the market will benefit from this device, and who the potential competitors of this device could be. Also explored are a potential advisory board for this company and how staff will be organized. Although the people on the advisory board and company's staff do exist, they are not actually involved in the conception of the thesis' device. This thesis uses techniques learned in management, engineering, and biomedical enterprise courses at MIT to give a real world case of how an effective biomedical device company can be formed and effectively managed.