Now is a ‘very challenging time’ for Washington state medical device companies to find funding

health-costs-stockBiotech companies may be making headlines with huge deals, large funding rounds and public offerings, but there’s a segment of the life sciences industry in the Puget Sound region that struggles to raise early-stage funding.

Medical device companies continually garner less interest than biotechs, and that was a much talked-about issue at the Life Science Innovation Northwest 2015 conference in Seattle on Tuesday.

A panel discussion among venture capitalists mostly from Silicon Valley about sources of funding for young life science companies quickly turned to the unique challenges faced by medical device companies.

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About Peter Coffaro 1436 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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