November 2010 -- Balch Hill Medical Group (BHMG) is a life science technology and product commercialization company founded by an experienced group of medical, scientific and business experts who have polled their expertise to identify promising technologies and bring them to the medical device and life science market. BHMG reviews dozens of projects and products each year to determine which have the potential to have a substantial market impact. When a product or project is attractive to BHMG, it will acquire or license the underlying technology and move it to market. Among the steps that BHMG will perform are
Market size and competitive analysis
Strength of the intellectual property
Public and private insurance reimbursement status and levels
Access to manufacturing
FDA approval process
Potential sales and distribution partners
International markets
Growth opportunities and exit strategies
If a technology, an idea or a product passes BHMG’s intake criteria, it becomes an active Company project that will be guided through FDA approval, CE Mark approval, Medicare reimbursement, clinical trials (if necessary), marketing studies, focus groups, pre-production engineering, prototyping and sales. Using their combined experience and network of life science industry contacts, BHMG’s senior team will contact established distributors, OEM manufacturers, and potential licensees at various points during the commercialization process. Often new technologies and products will be showcased at life science trade shows and medical professional meetings, or be the subject of peer-reviewed studies and papers.
