Cleveland, OH, September 30, 2015 – Having over 20 years of progressive experience in the life sciences market as an engineer, product manager, entrepreneur, venture capitalist and business unit manager, Arun Ranchod formed Ranchod Life Sciences LLC one year ago.
Entering its second year of successful operations, Ranchod Life Sciences (RLS) helps bring healthcare, business and technology together for emerging life sciences opportunities in the Midwest region of the U.S.
The company’s capabilities fall under four major areas, each tailored to grow product portfolios or individual product lines:
• Strategic Growth (business planning, technology partnering, acquisition strategy and due diligence services, capital formation strategies);
• Marketing Solutions (customer insight and discovery, value proposition development, marketing/sales action planning, proprietary diagnostics);
• Staff Mentoring/Coaching (accelerated performance through guidance of product launches, product requirements formulation, budget formulation, trade show preparation/execution;
• Life Science Reconnaissance (new market entry, target markets, competition, industry dynamics, regulatory and quality topics).
Ranchod Life Sciences works with small, mid-size, and Fortune 500 companies to bring clarity and focus to life sciences business ventures. “We help clients help patients by making ambiguous business ideas actionable and catalyzing the commercialization process,” commented Arun Ranchod, Founder and Principal Consultant. “Larger companies turn to us to supplement their own staff in order to address specific requirements or capacity issues,” Mr. Ranchod explained. “We help clients determine if their medical technology is really a business. If it is, our firm helps clients establish the fastest and most cost-effective methods to get that technology into the hands of practitioners.”
Ranchod Life Sciences is focused on facilitating life science opportunities in the Midwest, and Mr. Ranchod believes this region is poised for growth. According to the BioEnterprise Midwest Healthcare Group Capital Report (August 2015, BioEnterprise), $507 million in healthcare capital was raised in the first half of 2015. “Midwest healthcare companies continue to attract strategic investment at historic levels,” Mr. Ranchod said. “Ranchod Life Sciences is privileged to be part of the identification, development and commercialization of technologies that will be helping patients not only throughout the Midwest, but the world.”
Ranchod Life Sciences network partners play a vital role in the success of the company’s operations. Strategic advisory firm Solidiance focuses on the growth of Fortune 500 life sciences companies in Asia Pacific, while Offenberger & White provides integrated marketing solutions specifically tailored to the life sciences market.
Prior to founding RLS, Arun Ranchod served as Global Business Development Manager for Parker Hannifin Corporation’s Life Sciences Division. He also held management positions at Medrad-Bayer and was Senior Consultant at the University of Pittsburgh where he launched Panther Work Labs. He holds an MBA in Marketing from Syracuse University and a Master of Science degree in Biomedical Engineering from the University of Virginia. In 2013 Mr. Ranchod was a guest lecturer at Carnegie Mellon University’s Innovation Management Graduate Program.
For more information on Ranchod Life Sciences, please visit Ranchod Life Sciences LLC or email arun@ranchodlifesciences.com.
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