Partnering in Biotech - There's Nothing Better Than the Right Relationship
In the areas of developing, manufacturing, and commercializing potentially transformative therapies, the right partnerships are something everyone should be striving to find. Doing so allows talent, innovation, and hard work, to find the resources that are needed to move forward with the vital combination of scientific and medical expertise, capital, and development experience. The right partnership can take a promising innovation and turn it into a successful commercial clinical application.
In fact, nearly everyone needs to find partners, but the questions to consider are always the best timing, and with whom. Those who can recognize new and unique ideas and then seek to develop therapeutics in their early stages can make the best and most mutually advantageous partners.
Furthermore, it's important that the two have similar strategic goals, be open to novel approaches, able to take thoughtful risks, and have an awareness of what will be necessary to succeed. Having these key ingredients are crucial to success in today's competitive environment. In the best partnerships, closely attuned collaboration in all phases of research, manufacturing, and development is critical for opportune implementation.
Otomagnetics is currently developing a magnetic injection delivery system that may transform drug delivery. The technology combines our proprietary device (a magnetic injector) with biodegradable magnetic particles used to carry drugs, proteins, or genes. There are multiple large markets with unmet medical needs that this technology addresses.
The company has a platform technology and has already garnered interest from multiple pharmaceutical companies who see a competitive advantage (and thus increased market share) in being able to deliver their proprietary compounds to hard to reach targets.
Otomagnetics welcomes advocacy organizations, private industry, foundations, or individuals who have a shared interest and wish to partner with them in advancing their goals. If you would like to find out more information about partnering with Otomagnetics, please visit www.otomagnetics.com/partner-with-us.
Otomagnetics technology has not been approved for any use by the United States Food and Drug Administration. The technology is in early stage development and is not available for sale, clinical use, or otherwise.
