Contact: Frank Rath
MADISON – Creating a new product or technology takes lots of work, testing and research. Once it’s created the challenge becomes how to successfully bring that product to market, while containing costs. The University of Wisconsin-Madison will help biotech and biomedical companies learn the tools, methods and strategies to do that during its briefing Operational Excellence Through Lead Time Reduction for Biotech and Biomedical Companies, on September 30, 2008, in Madison, Wisconsin.
UW-Madison has worked with many biotech and biomedical companies in implementing new technologies and processes. Now UW-Madison’s College Of Engineering and the Small Business Development Center have developed this multidisciplinary, project-based pilot program to offer advanced assistance to these industries to lead them from basic laboratory research through product development and customer response.
“We believe there are many opportunities to improve operations and outcomes by applying industrial and other engineering principles, tools and methods in the biotech and medical device arena,” said program director Frank Rath. For example, Rath added, one biotech company reduced its lead times by 33 percent and increased the throughput and productivity of their protein purification production scientist by almost 50 percent using this approach.
This half-day briefing integrates elements of industrial engineering, quick response, lean and six sigma tools to help companies accelerate product development while reducing lead times and costs to improve the likelihood for successfully bringing a product or discovery to market.
Scientists, researchers, manufacturers, company leaders, investors and others working to achieve faster, more successful biotech and biomedical product introductions will benefit from this course.