Jim Sweeney, CEO of Clarify Medical, outlines the company's timeline for FDA clearance and its commercialization strategy for connected at-home phototherapy devices.
0:00 / 0:23exact quote · 23.2s
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“We've developed a device and are seeking FDA clearance in the next few months. That will enable people to self-treat at home. Using a smart app, we're able to surveil what they're doing, prevent them from over-utilizing a device, communicate all of that information directly to the physician. So we'll be launching this product via the internet directly to patients as soon as we receive FDA clearance.”
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More from Jim Sweeney
PredictionNot checkable as stated
Sweeney: Out-of-pocket costs will force healthcare to treat patients as customers
“The bad news is that people are going to have to start reaching in their pocket to pay for things much more than they ever envisioned in the past. And the good news is as a result of that, they're starting to be viewed for the first time since Medicare was pas…”
Jim SweeneyApr 26, 2017▶ 10:43641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
AssertionSupported
Sweeney: Founded healthcare companies have generated over $25B in exit value
“A little north of twenty-five billion.”
Jim SweeneyApr 26, 2017▶ 4:57641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
AssertionSupported
Sweeney: Alternative biologic and therapeutic drugs cost up to $100k annually
“Up to a 100,000 dollars a year with biologic and therapeutic drugs that also have horrific side effects.”
Jim SweeneyApr 26, 2017▶ 8:31641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
Insight
Sweeney: Medical tech companies typically exit at 15 to 20x EBITDA
“And these companies exit values would typically be 15 to 20 times EBITDA.”
Jim SweeneyApr 26, 2017▶ 12:09641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
PredictionOpen · timeframe Apr 2022
Sweeney: Clarify Medical will exit between $500 million and $1 billion
“Well, I don't do companies that aren't, don't hit a billion, so that's my goal.
I'd say, you know, it'll be somewhere between half a billion and a billion on exit value.”
Jim SweeneyApr 26, 2017▶ 14:25641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
Opinion
Sweeney: Government intervention in healthcare has been deeply traumatic
“Yes, I wish I knew that the government would have the amount of influence on healthcare that they have today. I didn't foresee that being as traumatic as it's been.”
Jim SweeneyApr 26, 2017▶ 17:12641: He Has $25B In Medical Tech Exits, $2B Raised, He's Sitting On PhotoTherapy $1b+ Bet Now with CEO Jim Sweeney
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