Steve Jobs turned around Apple (NASDAQ:AAPL) and in so doing, revolutionized how millions use technology in their lives. So is there a Steve Jobs for healthcare or the life sciences?
The short answer is “no.” High tech and life sciences thrive on innovation but they are different animals running on different cycles. A new drug can take 15 years in development and testing before it reaches the market. Medical devices can be developed faster, but they still require years of research. Beyond the R&D, drugs and devices still need to go through regulators looking out for patient safety, which adds to the time between discovery and commercialization. High tech doesn’t have the Food and Drug Administration evaluating its products for approval and in the world of IT, a year can feel like a lifetime.
To read the full, original article click on this link: How Steve Jobs’ example could spark health and life sciences innovation
Author:Frank Vinluan
