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BD TVA

By Uncategorized

Our Work

Case Study
Go-to-Market Strategy for Healthcare IT Start-up
Looking for Additional Funding
TVA Medical is an early-stage device start-up that developed the first minimally invasive solution for fistula creation for end-stage renal disease patients.

Challenge

After TVA Medical completed its pivotal clinical trials and received CE Mark for its minimally invasive arteriovenous fistula (AVF), it was at a critical juncture needing to secure their next round of funding to garner support from the global clinical community, and to achieve global clearance for everLinQ™ and reimbursement for their endoAVF procedure.

At the same time, the board’s expectations intensified as it scrutinized funding requests and expected larger returns. TVA Medical also needed to create critical momentum within the clinical community to prepare for commercialization and generate awareness to attract suitors for aliquidity event.

Our Solutions

To foster support for this novel technology and procedure, TVA Medical turned to LLSS to develop their medical affairs and global commercialization plans. Given our extensive experience in strategic development and commercial operations, our team of executive-level consultants were ableto immediately plug in to the DNA of TVA Medical to understand its unique challenges.

We created a strategic framework that articulated launch readiness and budget allocation, especially for the board which required clearer context for funding requests. To reassure the board money was being spent wisely we tapped our 125 years of collective leadership experience at life science companies to establish a disciplined spending approach that prioritized when and where investor dollars should be used.

Impressed with our ability to rapidly integrate within their internal teams, TVA Medical asked us to create a playbook for its strategic imperatives. Our team outlined a path to accelerate both clinical community support and clinical trial enrollment by positioning and messaging the core value proposition of the procedure and engaging all
the key stakeholders in the dialysis healthcare ecosystem. Our sales training and support materials helped their internal teams articulate these positions more effectively.

Because of our hybrid business model, our creative specialists were able to provide unparalleled tactical execution of these strategies, including medical illustrations, animations, and HCP/medical education. We developed fresh web content, booth graphics, symposium promotions, and multi-media assets to help generate traffic and lead generation as well as patient education tactics, a clinical onboarding kit, booth graphics and event promotion.

Our streamlined approach to strategy and creative execution not only kept TVA Medical on budget, it provided them with the critical momentum they needed for commercialization.

Our Approach

By working with our team of experts, TVA was able to better articulate their company vision, strategic objectives and tactical plan, giving current and future funders the confidence to invest and thus secured their third round of funding. In addition, the company executed several clinical activities positioning them well for favorable reimbursement and clearance status globally. Since they have rounded out their body of evidence and begun to engage key targets, there is a much stronger interest from the clinical community and “standard of care” is well within reach. The organization has positioned themselves well as a highly attractive prospect for potential M&A activities.

Invetech

By Uncategorized

Our Work

Case Study
Global leader of product realization services with a focus on healthcare markets

Challenge

For the last 30 years, Invetech has been a global leader in product design, development, and manufacturing transfer for several industries, including the life sciences industry. In recent years, Invetech began to lose its prominence in its dynamic marketplace. The market was shifting from classic engineering design to a convergence between front-end strategic offerings and traditional product design and development. To maintain a competitive edge in the market, similar firms started partnering with customers earlier in the product lifecycle to help with product ideation and pipeline strategies.

To add to the complexity, Invetech’s marketplace had become more crowded with IoT, ecosystem expansion, and data integration platforms. Invetech needed to showcase its talents as a strategic technology leader in ideation and product planning while still maintaining their coreservice offering.

Our Solutions

Invetech turned to us to regain a competitive edge. With more than 125 years of collective experience inthe life sciences industry, our team was able to quickly plug into their sales and marketing departments and conduct a gap analysis to identify critical success factors and key initiatives for theirrapidly-evolving market.
After developing the strategic plan, we crafted an updated brand position and global messagingplatform to include specific messaging for newtargeted customer segments. The messaging framework emphasized the company’s front-end consulting services complimented by its designand transfer capabilities.

LLSS focus on leveraging Invetech’s strengths of in-house expertise, ideation, usability and business strategy. The true differentiator for the company was their ability to balance all three service deliverables better than any other competitor.

Impressed with our work, executive leadership recommended that this strategic approach should be pulled through to all other divisions company-wide. With Invetech’s growing confidence, they decided to expand our role to lead their sales strategy initiatives as well.

An updated sales enablement deck and new core art elements were developed to support a differentiated concentric design process. A revamped case study template and web redesign highlighted the company’s renewed perspective. The result, Invetech not only recovered lost share, but regained their leadership position.

Our Approach

As a hybrid consulting and creative firm, LLSS has the unique ability to develop tactical plans and the creative supporting tools on budget and on time. This end-to-end plug and play model efficiently guided Invetech through a rebranding initiative, aligning key stakeholders on all aspects of strategy and messaging. Following a thorough analysis of Invetech’s position, a comprehensive execution strategy was put in place to elevate the company’s marketplace position. This approach reduced costs and man-hours during a critical time of the company’s growth.

With LLSS’s comprehensive support, Invetech is now more confident in its marketplace position, offering both front-end consulting services and back-end design-to-manufacturing capabilities for ecosystem-centric designs. The company has regained its reputation as an industry-leader by meeting the needs of the dynamic product design marketplace and is anticipated to surpass its competitors. Inspired by the work LLSS has done, the company’s CEO and executive team now leverage the new messaging and positioning across Invetech’s global parent company.

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