The timing of the news could not have been worse. In January, just a few days before the health care industry was set to meet at the JP Morgan Healthcare Conference in San Francisco, renal denervation – one of the highest profile sectors in medtech – imploded on news that Medtronic PLC’s Symplicity hypertension device didn’t perform well in clinical studies. The news was a kick in the face to an investment sector already on its hands and knees. (See Also see "SYMPLICITY Results Make Life Difficult For Renal Denervation Programs" - In Vivo, 24 January, 2014..) Dissemination of the disappointing trial results happened to coincide with the meteoric post-IPO performance of Intercept Pharmaceuticals Inc., yet another success story that just highlighted the differences between the medtech and biopharmaceutical sectors.
Where did things go so wrong? Clearly, the Symplicity trial results are something future device VCs and executives will see as an unfortunate mile marker in the device sector’s long...
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