Episode description
In this episode of the Global Medical Device Podcast, host Etienne Nichols speaks with Dr. Asha Parekh, CEO and co-founder of Frontline Medical Technologies, about her path from a biomedical engineer to an "accidental entrepreneur."
Dr. Parekh shares how her desire to create impactful medical devices led to the development of the COBRA-OS, a life-saving tool used in trauma care, including military and postpartum hemorrhage situations.
The conversation touches on the challenges and victories of securing funding, navigating regulatory hurdles, and maintaining a mission-driven company focused on patient impact. For those interested in MedTech, this episode provides inspiration, practical insights, and a behind-the-scenes look at innovation in healthcare.
Key Timestamps:
- [03:22] – Asha Parekh shares her transition from biomedical engineer to accidental entrepreneur.
- [12:35] – Developing the COBRA-OS and the moment Asha realized the life-saving potential of her product.
- [22:10] – The role of passion in overcoming challenges as a MedTech entrepreneur.
- [35:42] – The importance of securing funding and the challenges of working with quality and regulatory partners.
- [52:20] – How to craft a compelling pitch to secure funding for your MedTech device.
- [01:04:30] – Asha's milestone moments, including the COBRA-OS being used at Formula One race tracks.
Quotes:
- "Passion is what drives you through the tough days. It's what makes the challenges bearable because the impact you're making is worth it." – Asha Parekh
- "Pitching is an art form. Telling a compelling story about your product, especially one that saves lives, can make all the difference." – Asha Parekh
- "You are the expert on your device. Never forget that, even when you're leaning on regulatory experts. Trust your own knowledge of your product." – Asha Parekh
- "The moment I realized that COBRA-OS could save lives, I knew we had to pursue it full-time." – Asha Parekh
Key Takeaways:
Top 3 MedTech Trends:
- Growing Impact of Trauma Care Devices – Devices like the COBRA-OS are becoming critical in high-risk environments such as military and emergency settings.
- Regulatory Complexity – Expanding into international markets (e.g., achieving CE mark) requires navigating a web of regulatory requirements.
- Funding & Innovation – Securing funding is pivotal for early-stage MedTech companies, especially when aiming for large-scale regulatory testing.
Top 3 Practical Tips for MedTech Entrepreneurs:
- Find a Mission You’re Passionate About – It will sustain you through difficult phases.
- Master the Art of Pitching – A compelling story can unlock funding opportunities.
- Be Proactive in Regulatory Knowledge – Don’t rely solely on consultants; know your product’s regulatory pathway inside and out.
References:
- Frontline Medical Technologies – Learn more about COBRA-OS and its use in trauma care at Frontline MedTech.
- Greenlight Guru – For quality and regulatory management solutions, visit Greenlight Guru.
- Rook Quality Systems – Learn more about QMS consulting at Rook Quality Systems.
- Connect with Etienne Nichols on LinkedIn...