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Industry focus is on improving outcomes and lowering cost
Manifests in several ways– Reimbursement– Pricing– Approvals
All our portfolio companies demonstrate a clear value proposition aligned with this new world
It’s not just amazing technology!
Investing that Changes People’s Lives 8
Our Strategy: Focus on Opportunity Selection
Focus on Large Opportunities within Healthcare– Billion $ markets– Big clinical needs: Women’s Health, Cancer, Cardiology, Audiology
Invest in Innovative Technology Solutions; Limit Scientific Risk– High probability of value creation
Capital efficient – Responsible investing– Entrepreneur friendly
Earlier stage than traditional VC– Ability to add significant non-financial value– Fill a real financing gap
Meaningful impact on health
Investing that Changes People’s Lives 9
Case Study: Vortex Medical
Challenged prevalent assumptions on investment needs– Virtual Company; 1 employee– Outsourced all non-core functions including Development, Regulatory and
Manufacturing– Commission based sales model
Challenged prevalent assumptions on regulatory, pricing and reimbursement– Clear, well thought out regulatory strategy resulted in non-clinical, 510K
clearance – Clear, well thought out economic benefit analysis resulted in payment for
every single procedure– Product commercialized in US first; One of the highest priced single use
devices on market
Capital Efficient Model– $3.5M total investment and <4 years from idea to exit– Acquired by Angiodynamics Inc. (NASD: ANGO)
CHVII
Transformed Standard of Care for PE; Superb Returns for Investors