Life Sciences Risk
Life Sciences Risk in New Hampshire
What is a Life Sciences Risk?
The life sciences industry is broad and diverse, and well-positioned for significant growth. It includes more than ten sub-segments of organizations and institutions devoted to developing the innovative products, technologies, and services to support the medical device, pharmaceutical, research and digital health community.
Medical Devices: Manufacturers, critical component manufacturers, distributors, refurbishers and contract manufacturers. Some examples of medical devices includes but are not limited to:
- Diagnostic Devices like MRI machines, In-Vitro Diagnostic Devices (like Test Kits) and X-ray machines.
- Therapeutic Devices includes things like wound care products, cosmetic lasers, spinal and dental implants.
- Monitoring Devices would include temperature monitoring devices, thermometers and pulse oximeters.
- Surgical Devices includes surgical kits, scalpels, spinal, hip, and dental instruments
Digital Health: Companies that create software and services providing the following:
- Patient Portals
- Electronic Medical Records Software or Prescription Re-filling Software
- Software or hardware that helps a Physician or medical personnel make a clinical decision
- Software that enables a telemedicine visit to take place between doctor/clinician and patient
Contract Research Organizations: Companies that are providing pre-clinical or clinical support services to pharma & med device companies on an outsourced basis.
- Bench research
- Animal studies
- They might help develop clinical trial protocols, patient consent forms
- Assist with the data collection and management of a clinical trial
Pharmaceuticals: Our Pharma appetite generally includes manufacturers and distributors of FDA-approved chemical compound-based drugs that will treat a specific disease or condition. Like medical devices, we can consider them while they’re in clinical trials. We generally like drugs that are focused on smaller patient populations for a specific disease such as kidney disease or cancer treatment.
Multiple Companies Represented
