1. industry analysis – Why Diagnostics companies fail VERY High ATTRITION RATE During Early Stages
Example
Technology doesn’t meet clinical need
Phase 0
~70%
Phase 1
Product prototype doesn’t work in real samples for intended use of the product
Phase 2
~10%
At any point failure
can be due to wrong
management team
Phase 3
Product wasn’t designed properly for manufacturing at scale
Phase 4
~10%
Clinical trials didn’t meet the minimum clinical performance
~5%
Market adoption and/or sufficient payment not achieved
Sustainable Business
~5%
Failures
Source: Halteres analysis, Appendix 1
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