At Medical Murray, we don’t just “work with” startups, we love startups. We’ve built our name on transforming early-stage concepts into breakthrough medical devices, particularly with complex catheters and transcatheter implants.
Our entrepreneurial spirit fuels a close-knit, collaborative culture where new ideas flourish, and we move quickly from concepts to prototypes, and eventually to pilot production. Our hands-on approach to product development and manufacturing has helped multiple startups be acquired by larger medtech companies.
How We Help Create New Medical Devices for Startups
1. Passion for Innovation
Our team thrives on building first-of-a-kind interventional devices. We love the challenge of figuring out how to refine a concept and push the boundaries of what’s possible. It’s this commitment to creativity and problem-solving that attracts startups looking for a true partner, a CDMO who’s ready to stick with a problem until we find a solution.
Key Highlights
- Entrepreneurial Spirit: We actively foster new ideas.
- Collaborative Environment: Startups partner with our engineers and project managers.
- Innovative Culture: We thrive on solving tough challenges in next-generation medical technology.
2. From Sketch to Prototype
Once we understand a startup’s vision, our engineering team dives into design. We iterate rapidly, using advanced modeling and simulation tools to refine product features. Early prototypes undergo continuous testing to make sure the device will meet eventual regulatory requirements before moving forward.
Why This Matters
- Agile Iterations: Refinements happen early and fast, minimizing development time.
- Regulatory Awareness: We guide startups through crucial requirements, reducing risk of missteps.
- Preclinical Testing: Evaluations confirm safety and functionality, clearing a path to the next phase.
3. The Power of Pilot Production
Pilot production is where innovation meets real-world potential. It’s about manufacturing small batches in a clean room, perfect for design verification, clinical evaluations, initial sales, and even early user feedback. And for startups, it’s especially valuable: you can avoid massive minimum order quantities while maintaining the flexibility to adapt and requalify designs based on fresh data or customer insights.
Pilot vs. Full-Scale
- Smaller Batches: Reduced upfront costs and minimized inventory risk.
- Ongoing Adjustments: Swift engineering changes and requalification if needed.
- Validation & Confidence: Startups gain traction with investors, strategic partners, and eventually, potential acquirers.
4. Pathway to Acquisition & Beyond
Our experience has shown that many medtech startups end up getting acquired during the pilot production phase. Why? Because large device companies see the value in a proven concept that’s already heading toward commercial viability. When a startup partner gets acquired, we continue supporting refinements before transitioning to full-scale manufacturing, often integrating process improvements.
A Win-Win for Everyone
- Startups: Gain the financial and operational support of an established player.
- Acquirers: Secure a proven product with a ready-made manufacturing partner.
- Medical Murray: Keeps the momentum going, scaling from pilot to full production seamlessly.
5. A Track Record of Success
Medical Murray’s greatest growth stories often begin with a whiteboard brainstorming session with a small but dedicated startup. By collaborating from the earliest stages, we forge strong relationships that continue through product launches and beyond. Our biggest reward? Seeing a concept born from a few sketches turn into a commercial product that changes lives.
Bring Your Medical Device Concept to Life
If you’re a medtech startup looking for an experienced partner with an entrepreneurial mindset, Medical Murray is ready to help. From brainstorming sketches to manufacturing small lots of devices for clinical and market validation, we’ll guide you every step of the way. After all, our passion is helping you realize your vision and seeing you thrive in the dynamic world of medical technology.
Ready to get started? Contact the experts at Medical Murray!