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Development of European Commercialization Strategy

Client is conducting CE Mark clinical trial work and expects to launch product in 12-18 months. The CEO would like to assess strategic options for European commercialization. This assessment, with final recommendations, will be reviewed with the board and key physician customers. The final strategy will also be important for partner and fundraising discussions.

ACTIONS

  • Presented framework for evaluating commercialization options
  • Analyzed current market research data
  • Working with senior team defined three scenarios:
    1. Revenue run rate >$1M per month
    2. Deep penetration in key accounts
    3. Expanding clinical data set and creating physician buzz
  • Scenario analysis included:
    • Market dynamics
    • Organizational structure
    • Use of distributors
    • Clinical registries
    • Financials
    • Qualitative factors
    • Major assumptions
    • Final recommendations
  • Final recommendations presented to CEO and board

RESULTS

  • Adopted clear path forward for European commercialization activities
  • Strategy successfully supports fundraising pitch
  • Created framework for strategic partner discussions

VALUE

  • Final strategy grounded in practical European product launch experience
  • Clear understanding of initial investment, ongoing costs and major risks and opportunities
  • Increased credibility with potential strategic partners
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