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Peter Rule personal email
Successful serial medical device and diagnostics entrepreneur. I started my career learning in established, mature companies. Thereafter, I led five medical device and diagnostics companies, being one of the first ten employees in all. Happily, four of the five have been successful, thriving entities, and are significant divisions in large medical device and diagnostics companies today, generating over $6B in annual revenues. Skills include market/ technology "fit" assessment, management team building, patent portfolio assessment (have managed large portfolios, and am a named inventor on 46 US patents to date, an additional 20 published, numerous OUS filings), designing and implementing clinical trials (was on advisory board of the largest NIH Randomized trial to date, the Diabetes Control and Complications Trial, have established US and EU feasibility and approval trials at all five companies), thorough understanding of FDA and EU approval process as all five companies went through them, gaining approval (including one successful appeal in the US), corporate Mergers and Acquisition and Initial Public Offering. Experience in the following medical disciplines: Outpatient Diabetes, Interventional Cardiology, Interventional Radiology (including Neuro), Intensive Care Unit, Cardiac Surgery, and Pulmonology. Fund Raising experience: have raised venture monies for each of the five companies I have led, totaling more than $400M. Four of the five companies have been purchased, and are today stand alone divisions in large medical device and diagnostics companies. Exits to date: more than $5B. Specific accomplishments: MiniMed: achieved cash flow positive status and an Initial Public Offering. PercuSurge: Phase I, II, and III trials, resulting in acquisition offer prior to US approval. Winner of prestigious Phoenix award for year 2001 Emerging Growth company. TheraSense: Redirected company's technical efforts towards minimally invasive SMBG, raised Series A. Ekos: Turned around failed venture, re-directed technology to become first Pulmonary Embolism therapy.OptiScan: Achieved US FDA approval (only one of 21 that attempted to create an automated ICU CGM that was approved).At this point in my career, I am happy to help the next generation of entrepreneurs achieve their dream.
Life Detection Technologies
View- Website:
- lifedetectiontechnologies.com
- Employees:
- 3
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Chairman, CeoLife Detection TechnologiesLos Altos, Ca, Us -
Executive ChairmanLife Detection Technologies Nov 2019 - PresentSunnyvale, Ca, UsLife Detection Technologies (LDT) has a unique no touch capability to measure Heart Rate and Respiration Rate. Studies show that LDT's technology is comparable to "gold standard" touch technologies in use today, and provides the additional capability to detect depth of respiration. The company is focused on the early detection of Exacerbations (lung injury) for those with COPD. -
Founder, ConsultantPri Nov 2017 - PresentPRI is a C suite consulting firm, assisting both investors and management. Assignments range from a few days up to yearly. PRI has proven expertise in the following markets/ product categories/ physician, nursing disciplines:• Diabetes: External and Implantable Insulin Pumps, Blood Glucose Meters, and Continuous Glucose Monitoring Systems/ Endocrinologists, Diabetes Educators.• Drug Device Delivery: Subcutaneous Pumps, IV portable pumps/ Endocrinologists, Oncologists.• Neuro Ischemic and Hemorrhagic Stroke: Catheter Based Technologies/ Neuro Surgeons, Neuro Interventional Radiologists.• Cardiac Ischemia: Catheter Based Technologies/ Interventional Cardiologists, Cardiac Surgeons.• Peripheral Vascular: Pulmonary Embolism, Deep Vein Thrombosis, and Peripheral Arterial Occlusion: Catheter Based Technologies/ Peripheral Interventional Radiologists, Vascular Surgeons.• Intensive Care Unit Medicine: IV Pumps, ICU Continuous Glucose Monitoring Systems, Automated Multiple Analyte Monitoring/ Intensivists, ICU Nursing Directors, Hospital Lab Directors.Specific areas of expertise include: • Strategic Business Assessment: review of either market creation or disruption analysis of the funded program.• Technology Assessment: Risk assessment.• Cost Assessment: establish/review of cost offsets or reduction.• Management Alignment Analysis: How cohesive is the management team; techniques to improve alignment?• Sales Force Assessment: Goal analysis: analysis of reasons for sub optimal performance, including compensation structure.• Marketing Assessment: What is the effectiveness of upstream/ downstream marketing; what peer to peer tools for downstream marketing are available and what additional are needed?• Intellectual Property Assessment: Portfolio claim and gap analysis. • Regulatory Assessment: Strategy effectiveness assessment.• Organizational Design Assessment.• Culture Assessment.
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Chairman Of The Board, And Eventually CeoOptiscan Biomedical Feb 2002 - Oct 2017World leader in continuous glucose monitoring for use in Intensive Care Unit medicine. Recruited by the board of directors to assess the previous direction of a non invasive glucose monitor. Redirected company to add elements sufficient to use the core technology of mid infrared glucose sensing, but with an emphasis on doing so on an automated basis, or "continuously". Maintained Chairman's title from 2002 to 2006, at which time assumed CEO position. OptiScan has conducted five clinical studies validating the accuracy of its technology, all successful; has launched in the EU with glucose and lactate, and gained US approval for glucose in October, 2017. With the use of mid infrared techology, the company's product is a platform for diagnosing changes in the critically ill. Capital raised to date is in excess of $150M. OptiScan raised a $40M round in May 2016.
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Chairman, Ceo, Board MemberEkos Corporation 2001 - May 2013London, England, GbLeader in applying ultrasound based drug delivery for faster lysing of clot. Recruited by the board of directors during a turbulent time, to help redefine the company's direction. Redirected company from ischemic stroke to peripheral product line, requiring raising of monies, new staffing, and inventing new product line. Raised 3 rounds of financing, totaling ~$50M. After six years in this position, recruited replacement, who worked with existing management team in place. Remained on board of directors. Ekos was sold to BTG in May 2013 for an announced value of $220M+, including milestones. Revenue line was $30M during the year of the sale. Subsequent growth has continued the 30% CAGR. -
Chairman, CeoPercusurge, Inc. 1996 - 2000World's first emboli protection company for interventional cardiology. Was one of first few employees. Established medical advisory board of world leading interventional cardiologists, and redirected product line. Conducted largest trial in interventional cardiology in history of venture backed companies (SAFER), raising ~$50M in venture capital, selling to Medtronic, Inc. in 2000 for ~$250M. PercuSurge was awarded the prestigious Phoenix Emerging Growth Company award in 2001 in a voting of other Chief Executives of medical device companies. Revenues at time of sale were $10M, and US approval just received. Subsequently, revenues have been reported to be in excess of $100M.
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Founding Chairman Of The BoardTherasense 1996 - 1998Leader in minimally invasive intermittent and continuous diabetic blood glucose monitoring. Raised Series A, hiring CEO, and VP, Research and Development. Identified opportunity to use company's technology for the creation of a minimally invasive and more accurate glucose meter, in addition to company's research emphasis of an interstitial fluid based continuous glucose monitoring system. Company was sold in 2004 to Abbott Laboraties, Inc. for $1.2 Billion.
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President, Chief Operating OfficerMinimed 1985 - 1995World leader in external insulin pumps and interstitial fluid continuous glucose monitoring systems for treatment of Type 1 diabetes. Was one of first ten employees in company that went from zero revenues to $75M during this period of time. Resolved reliability issues, improved cost structure, achieved cash flow breakeven and profitability. Built management team. Was industry representative to the largest NIH funded trial in history, the Diabetes Control and Complications Trial (DCCT). Led successful IPO in 1995, leaving thereafter. MiniMed was acquired by Medtornic, Inc., in 2001 for $3.7 Billion, and continues as a separate division within Medtronic today.
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Vice President, Us SalesSiemens Infusion Systems 1990 - 1992Leader in providing miniaturized, multi channel IV pump systems for use in ICU medicine. Took over sales effort that was last in market, and became first within one year. Replaced entire sales management, and almost all of the salesforce. This was an assigned, but officer's position within Siemens, as I was "on loan" from MiniMed, at the request of the worldwide head of the medical device businesses for Siemens, which at that time had a large ownership position in MiniMed. Revenues were over $50 M in 1992.
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Director, MarketingImed Corporation (Acquired By Carefusion) 1981 - 1985World leader in providing volumetrically accurate IV pump systems for hospital usage, with a focus on ICU medicine. Led project team that resulted in most successsful product introduction in IMED's history. Created sales force materials to improve sales training time. Extensive domestic and international co-traveling on current and new products. Marketing responsibility for business greater than $100M.
Peter Rule Education Details
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University Of Southern CaliforniaEconomics -
Harvard Business SchoolMba
Frequently Asked Questions about Peter Rule
What company does Peter Rule work for?
Peter Rule works for Life Detection Technologies
What is Peter Rule's role at the current company?
Peter Rule's current role is Chairman, CEO.
What is Peter Rule's email address?
Peter Rule's email address is pr****@****ies.com
What schools did Peter Rule attend?
Peter Rule attended University Of Southern California, Harvard Business School.
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