Challenges for pharmaceutical sales jobs, healthcare investing (Best of MedCitizens)

Every week, MedCity News highlights the best of its MedCitizens: syndication partners and MedCity News readers who discuss life science current events on MedCityNews.com.

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Pharmaceutical sales jobs keep getting harder (and require an iPad). “There’s still a role for sales reps, but they’re having to work a lot harder and smarter to earn their keep. ”

Orthopedic industry struggles won’t defeat Stryker, CEO says. Stryker Corp. CEO Stephen MacMillan said the Kalamazoo, Michigan-based orthopedic and medical equipment giant has proven its mettle in tough times, something he said would allow it to continue to perform, despite struggles in the orthopedic industry.

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The Squeeze of the VCs: Four Conspiring Trends. A favorite rant of many med tech entrepreneurs involves their disdain for venture capitalists. They wax poetically about not taking money from traditional venture funds. For some start-ups, it may be a chest-thumping expression of sour grapes, while others eventually cave and raise a VC round. Increasingly, though, emerging companies are making real on the threat and advance a long way with no or relatively little traditional venture dollars.

Medical device companies of any size benefit from stage-gate approach. “Despite the many challenges that larger companies have in developing new products, to their credit, most medical device companies have mastered the process of Stage-gate portfolio management. Startups and single product development efforts don’t typically manage a portfolio of projects, and hence have not paid as close attention to following a stage-gated approach.”

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