Life sciences consulting firm Delta G Ventures, LLC, launched its operation in Palm Beach Gardens, Fla., Wednesday to prepare medical device companies for commercial readiness through guided strategy development for meeting regulatory requirements and legal needs.
Delta G is led by Glenn L. Criser, J.D.; Lars A. Janson, M.B.A.; and Edward G. Sabin, C.P.A, leveraging a combined 75 years of experience in the orthopedic, dental and cardiovascular industries. The trio developed Growth Engine Framework, a proprietary model providing for individualized client needs with appropriate tools to achieve firms’ financial goals.
“The life sciences industry is complex and evolving. Emerging and established companies must navigate new technology growth through creative strategic planning and comprehensive cross-functional teamwork,” Delta G Managing Director Janson, a 25-year veteran of the medical device industry with experience in global commercial operations management, told Florida Business Daily.
Criser, a corporate attorney, was previously a partner in the Steel Hector & Davis law firm and held numerous leadership roles within Biomet companies in the legal, quality, regulatory and clinical groups. Sabin, also a Biomet principal, oversaw global finance and accounting, HR, IT, quality assurance and regulatory affairs.
"If growing early stage companies is hard work, then accelerating early stage life sciences companies is a juggernaut," Timothy J. Cartwright, chairman of the Tamiami Angel Fund, said. "The complexity of the sector…can be solved, but only with a special blend of business acumen, a curated network of scientists and KOLs, regulatory guidance, strategic partnerships, and entrepreneurial passion. The managing directors at Delta G Ventures bring together that special blend."
The medical device sector of the life sciences industry has grown rapidly, with $37 billion in 2013 revenue and an expected growth rate to $52.9 billion by 2019, according to the Deloitte 2015 Life Sciences Outlook. In Florida, 80,000 employees work in the state’s 5,500 companies.