timbro
Registered
Hello all. 1st post. Bear with me. Ok, I am in Australia. I am a clinician and I have developed some devices that are in use in the angiography lab used by cardiologists, radiologists, vascular surgeons, anaesthetists and nurses in a private hospital where I work. I am in the patient positioning space - armboard and a drape support. We use my prototypes in procedures and we use them every day. Quite simple devices that have fixed a problem, but it is a competitive space with established players.
So I believe I have some devices that clinicians like and are easy to use.
My devices are a surgical accessory, so low volume/high cost. Class 1 non-measuring, non-sterile. I have GMDN codes. I am starting this journey in Australia which is a small market, but I am hoping to test the market here. I have IP protection in place in way of provisional patent and design registration.
I am getting some good help with a mentor who has a good network. They have put me in front of a regulatory advisor who tell me i need to find a contract manufacturer in Australia that have ISO13485. 14971 (Risk MAnagement Medical Devices) has also been suggested. I have started talking to manufacturers and they have looked at my regulatory advice and suggest that I don't need 13485. I am in Class 1 so ISO 9001 should be adequate. This is good news as 9001 will be adequate and cheaper. The TGA states as I am in Class 1 my regulatory requirements are lower than Class 2 etc. Does anyone have any thoughts on this?
Established competitors with many more devices than me have 13485. I have seen other devices much more complex than mine with 9001.
I am pre-money. I am trying to establish what the costs are going to be re regulatory, manufacturing, business costs before I pitch to potential investors.
Any thoughts are greatly appreciated, or questions if clarification needed.
Thankyou
So I believe I have some devices that clinicians like and are easy to use.
My devices are a surgical accessory, so low volume/high cost. Class 1 non-measuring, non-sterile. I have GMDN codes. I am starting this journey in Australia which is a small market, but I am hoping to test the market here. I have IP protection in place in way of provisional patent and design registration.
I am getting some good help with a mentor who has a good network. They have put me in front of a regulatory advisor who tell me i need to find a contract manufacturer in Australia that have ISO13485. 14971 (Risk MAnagement Medical Devices) has also been suggested. I have started talking to manufacturers and they have looked at my regulatory advice and suggest that I don't need 13485. I am in Class 1 so ISO 9001 should be adequate. This is good news as 9001 will be adequate and cheaper. The TGA states as I am in Class 1 my regulatory requirements are lower than Class 2 etc. Does anyone have any thoughts on this?
Established competitors with many more devices than me have 13485. I have seen other devices much more complex than mine with 9001.
I am pre-money. I am trying to establish what the costs are going to be re regulatory, manufacturing, business costs before I pitch to potential investors.
Any thoughts are greatly appreciated, or questions if clarification needed.
Thankyou