MeddiQuest Limited - Regulatory Affairs Management

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Business Link Hertfordshire: Success Stroy, Press Release

MeddiQuest Limited:

MeddiQuest Limited is a Regulatory Affairs Management business formed in 2001 and based in Stevenage. Working with medical device manufacturers to bring hi-tech products to international markets. Neil Armstrong, the Managing Director, models the standard of business professionalism on the best of U.S. Regulatory Consultants, but differentiates it by offering fixed priced contracts, rather than an open-ended consultancy-hours arrangements. "This is our way of sharing risk with customers" states Armstrong, "success in the 21st. Century will come from flexibility and partnership."

The Challenge:

Following the Sept 11 attack on New York the business had to refocus away from venture funded companies wanting to enter the US market. A wider and more international customer base was necessary to make the company less vulnerable to fluctuations in the investment market.

The Solutions:

The International Centre of Business Link, Hertfordshire, part of Trade Partners UK, suggested Neil joined the Medilink delegation to visit the Medica Exhibition in Düsseldorf.

Enhanced promotional efforts included revamping the web-site www.meddiquest.com and utilising the Trade Partners UK web-site listings to publicise services.

Neil went on the "speaker circuit", presenting at national and international conferences. Trade Partners UK were able to provide embassy contacts.

Commitment shown to potential customers by extensive travelling was further demonstrated by pricing contracts in Euro and Dollars as well as Sterling.

The Results:

"Last year we were not an exporter, this year exports account for over 80% of sales," says Neil. "Perhaps more importantly, our international customers now see the UK as logical springboard into the EU market. The business now has two foci: helping companies to meet EU regulations in addition to US regulations.

"Since January we have signed new contracts with companies from North America, the EU, other European countries and the Middle East."

Business Link:

To find out how Business Link Hertfordshire can help your company expand into overseas markets contact 01727 813731 or log-on to the website at www.mybusinesslink.co.uk

MeddiQuest Limited / Business and Technology Centre / Bessemer Drive / Stevenage / Herts. / SG1 2DX / England

T: +44 1763 222505(O) F: +44 1438 310001 e: meddiquest@meddiquest.com web: www.meddiquest.com

Directors: NR Armstrong, AS Spencer; Co. Reg. #4226188 Registered Office: 116 Layston Park / Royston / Herts. / SG8 9DY

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Uploaded July 28, 2002
Last updated July 28, 2002
MeddiQuest Limited: Incorporated in England under number 4226188 at 116-SG8 9DY