Why Class III Medical Devices Fail Certification – Can You Stitch It To Fix It?
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Three Observations About Medical Patents
July 29, 2026
Medical Patents Broker Inc.
By Kenneth Pearce, President
Building a medical technology company from scratch is like a rodeo. That rodeo includes cowboys, bucking broncos, angry bulls, and clowns. Sometimes just strapping your saddle to the economic beast you created is not enough; the saddle needs an extra blanket when engaging the pressures of the FDA, inventors, labs, money men, lawyers, and those frequent situations when you are praying, “Surely, nothing else can go wrong!”
Is it OK to step away before the job is done?
🔬 The "YES" Scenarios
- 1. YES. When the Founder’s Health is Diminishing.
The founder of the corporation has a duty to serve the corporation to the best of his or her abilities. When that becomes impossible going forward, it’s time to hang up the spurs.
- 2. YES. When the Founder Loses Interest in Moving the Company Forward.
When the founder loses interest in making the company better, it’s time to jump out of the saddle.
- 3. YES. When the Founder Disagrees with the Board and the Board Mandates Something That is Completely Offensive to the Founder.
The board may order a tablet, and you already know that it must be an injectable. Or the board mandates an increase in the sale of shares that is an unnecessary expense. If it’s against your conscience to move forward, it could be time to take the train to the next rodeo.
🗺️ The "MAYBE" Scenarios
- 4. MAYBE. When your family tells you they have waited long enough to see you everyday.
If your family is more important than your business, consider stepping away.
- 5. MAYBE. "I want to take my remaining time and see the world."
If you want to continue to live out of a suitcase, stay in hotels, and eat at restaurants, then go for it. It’s a good way to increase your frequent flyer miles.
- 6. MAYBE. "I always wanted to be an artist and paint with oils."
Starving artists can have a wonderful life, but you should not be starving as a leaving founder. If it’s OK with the family, why not?
🛑 The "NO" Scenarios
- 7. NO. "I am 60. I have always loved speed. I want to drive racing motor vehicles on one of the circuits."
At 60, hand-eye-brain and reflex coordination is insufficient at 200 mph. It’s a death waiting to happen.
- 8. NO. "One day, I’ll just disappear and never come back. I’ll be a free man at last."
As a fiduciary of the corporation, you could simply wind up a “wanted man.”
- 9. NO. "I am not married, have no children or family. I always thought being in the CIA was cool."
If you are more than 24 years old, you are too old. And the recruiter on university campuses is looking for desk-job types—not secret agents.
- 10. NO. "I’m the founder and they forgot my birthday party this year."
As we age, we start to realize our death date is more important than our birth date.
The President’s Viewpoint
As you well know, humans can justify almost anything. There are no fundamental absolutes regarding when the founder should get off the horse.
In my literal life experiences, I never rode with spurs. It is much easier to step down from the saddle than to be bucked onto the rock-hard ground. And it’s also much easier to be on the outside of the fence than kicked into the fence by a frightened, 1,200-pound steer.
