1 episode
Jeff Smith’s Medtech Mania Jeff Smith
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- Business
Jeff Smith shares the playbook to developing healthcare startups from product development, raising capital, building teams, regulatory submissions, and commercializing product that improve patient lives.
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Episode #1 - Jeff breaks down gross margins and the importance of understanding unit economics.
Life science innovation requires breakthrough ideas, determination, and patience. The journey is long and success is improbable. Before you get started building a business in the space, it is important to understand and set goals for the eventual gross margins for your products. In this episode Jeff explores this topic and discusses the unit economics of life science products: user price, cost of goods sold, and gross profit.