1 – Q) Give our readers an introduction to your business. Please include what your business is all about, in which city you are located and if you have offices in multiple locations/ cities.
A) Medvin Research was established in 2008 in the greater Los Angeles area to advance the field of medicine through clinical trials. Since then, we’ve been providing patients with guidance and treatments in various specialties, including Rheumatology, Gastroenterology, Cardiology, Ophthalmology, and Internal Medicine.
We work with leading pharmaceutical, biotechnology, and medical device companies to bring life-saving treatments to the world. We’re honored to have won multiple awards for high enrollment and quality data while helping our patients reach their health goals for the past 15 years. Our locations are: Apple Valley, Corona, Covina, Hemet, Menifee, Riverside, Temecula, Tujunga, Whittier.
2 – Q) Kindly give us a brief description about yourself (it should include your brief educational or entrepreneurial background and list some of your major achievements). –
A) Vipul Vineet, M.B.A.
CEO & Research Director
Mr. Vineet is the visionary founder of Medvin Clinical Research, whose passion for medical research is fueled by his education and real-world experience. With a Bachelor’s degree in Psychobiology from the University of California Los Angeles (UCLA) and a Master’s degree in Business Administration from the University of Redlands, Vipul has had the opportunity to work as a study coordinator, project manager, and research assistant across various fields of science and psychology.
Under his leadership, Medvin Clinical Research has become a beacon of innovation, driving multiple areas of medical research forward. With seven clinical research sites now operating under the MedVin umbrella, Vipul and his team of experts are at the forefront of pharmaceutical and medical device research and development.
3 – Q) What inspired you to (start a new business venture) or (to make significant changes in an existing business)? How did the idea for your business come about?
A) I have always been infatuated with medicine and pharmaceuticals. Since I was little, I would go into the hospital with my dad on my off days where he was a physician and do the rounds with him. It always amazed me how a simple small pill or an injection that looked filled with water can bring people so much relief and quality of life. The seed was implanted before I even knew what I wanted to do with my future. Unknowingly, all my decisions led me to the crossroads where I could become a physician or develop new drugs for treatment that these physicians utilize to apply their knowledge. I went with the latter.
4 – Q) What three pieces of advice would you give to budding entrepreneurs?
A)
1) Don’t be scared to take a leap of faith if you truly believe in something. Don’t dream, have a vision!
2) Don’t go after money, but rather excellence. If you succeed, money will follow!
3) Conduct your business with the utmost integrity and honesty. Once people realize how you operate, they won’t be scared to take chances with you.
5 – Q) What would you say are the top three skills needed to be a successful entrepreneur?
A)
• Fearlessness
• Self-belief
• Always open to criticism and knowledge.
6 – Q) How many hours do you work a day on average?
A) about 5
7 – Q) To what do you most attribute your success?
A) Luck, integrity and a passion for being the best.
8 – Q) How do you go about marketing your business? What has been your most successful form of marketing?
A) I’ve tried a lot of different avenues – TV, Newspaper, Magazines, Radio, Internet, hand flyers, social media. These days, it has to be Internet in general and social media platforms as well as the search engines.
9 – Q) Where did your organizations funding/capital come from and how did you go about getting it? How did you obtain investors for your venture?
A) The initial investment was all mine. It started as a small venture and slowly it has grown into a much bigger one. At this point, I’m averse to external investments as long as I’m able to handle it. With investors, comes their opinion, which are finance driven and not so much about the quality of business and the well-being of our patients, which is our ultimate goal.
10 – Q) What is the best way to achieve long-term success?
A) Think big and not sweat the small stuff. There will always be issues in your operations and you have to stay a step ahead of them, plan for the damage, come up with ideas to resolve them. Expect the best, prepare for the worst. Also, you have to have a team of qualified individuals that know the trade and you have to be able to trust them. Keep your employees happy and treat them with request. Make them feel like that the company’s success is their own. Lastly but not the least, evolve with the changing times.
11 – Q) Where do you see yourself and your business in 5 – 10 years?
A) Ideally, we want to go national with a consortium of sites, specialties and expertise that are spread across the nation. Also, I would like to venture into Pharmaceutical manufacturing in about 5-7 years.
12 – Q) Excluding your own, what company or business do you admire the most?
A) There are quite a few. The one that I really admire is Ranbaxy Pharma. They came to the American market with a capital of $20 Million and after just 10 years in business, sold it for $40 Billion dollars. Now, that’s a great story!
