Needs-based innovation: The DNA of successful medical device development

Event Date: April 8, 2021
Time: 12:00 pm
Location: via Zoom
Priority: No
School or Program: Electrical and Computer Engineering
College Calendar: Show
Dr. Shriram Raghunathan
President and CEO
Noctrix Health, Inc.

Join us online!

https://purdue-edu.zoom.us/j/3164232249

AbstractBillions of dollars have been invested into the healthcare sector by some of the most innovative companies in the tech world with very limited success in terms of outcomes. In this talk, Shriram walks through the crux of why staying laser focused on the “unmet need” differentiates successful medtech innovation from innovation in the consumer electronics and tech space. A one-line “Need Statement” can make all the difference between success and failure- with an overview of Stanford University’s Biodesign teachings and real-world examples from medical observations to case studies the talk will focus on how this model might have applications to innovation in other fields as well. The interactive session also aims to share learnings and observations on a journey from academia into industry and entrepreneurship.

Bio
Shriram Raghunathan is an alumnus of Purdue’s BME program and graduated with a Ph.D. in Biomedical Engineering in 2010. His doctoral research involved design and implementation of subthreshold signal processing algorithms on-board implants to develop responsive neurostimulation devices. He has since worked extensively in the medical device industry, designing implantable neurostimulators to treat epilepsy, depression and cardiac conditions for publicly traded companies and startups alike. Most recently, he was a fellow at Stanford University’s Biodesign Fellowship, a unique program focused on training engineers and physicians in medical device innovation. Out of Stanford Biodesign, he founded Noctrix Health with a mission to develop wearable neurostimulation therapies prescribed as an alternative to pharmaceuticals and currently serves as its President and CEO. Shriram is based out of the San Francisco Bay Area and spends time outside work woodworking and enjoying the great outdoors that Northern California has to offer.
 
Host
Prof. Sumeet Gupta, guptask@purdue.edu

 

2021-04-08 13:00:00 2021-04-08 14:00:00 America/New_York Needs-based innovation: The DNA of successful medical device development Dr. Shriram Raghunathan President and CEO Noctrix Health, Inc. via Zoom