888)You have theoretical evidence that a molecule derived from man-of-war jellyf

Question

888)You have theoretical evidence that a molecule derived from man-of-war jellyfish venom may have properties to lyse blood clots in humans better than the currently available medication tissue plasminogen activator (it is thought to work faster and have less risk of bleeding). It must be delivered intravenously.   You are interested in commercializing this product.

A)What is your plan to finance the development of this product? Please discuss in detail

B)Please describe an exit plan in the event of failure? Please discuss in detail

Explanation / Answer

A.Plan to finance the development of the molecule

once development and testing of product has been done a detailed business analysis needs to be done .

ie determinig costs and forecasting profits

when doing analysis

estimate the price ie discounted or sale price

identifying the product market potential

forecastsing sales volume and profits

breakeven point

lifecycle of product in market

this business analysis il make you understand how much money to borrow or secure for the product development

cost determination in developoing the product ie staffing ,materauls ,technology, market reseach ,product design, overhead costs .

based on this investment or finaacing will be done as against how much return or gain on investment .

also harvesting the technology early

collaboration with strategc development partnerships

B. exit plan is sale or spin off

this all define exit plan for product closure ie molecule

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