Dr. Alexander Neumeister received his M.D. from the University of Vienna in 1990, specializing in neurology and psychiatry. Since that time, he has received awards from such leading scientific organizations as the International Society for Traumatic Stress Studies and the Society of Biological Psychiatry, among others. Dr. Neumeister always manages to spend time with his three children, Anne-Sophie, Nicolas, and Timothy.
Tell us about yourself?
I’m a psychiatrist and neurologist and have spent the last 15 to 20 years doing research, mostly translational research in neuroscience. The main focus of the work is studying brain mechanisms that might become relevant for treatment development. That is the ultimate goal; to understand how the brain works and based on those mechanisms, develop treatments for psychiatric or neuropsychiatric disorders.
What makes your organization different than your competitors?
The main advantage is that we are a small company with highly trained individuals who complement each other. We can address very specific questions fairly quickly and fairly efficiently and can come up with fast and concrete resolutions to any scientific questions in the neuroscience area.
How much potential market share can you achieve in the next 3 years?
Realistically, I would say if we can achieve 3 to 5 percent market share then we will be doing well.
What was the most important part of your whole business journey?
I think the most critical component is a deep understanding of the structure and the symptomatology of neuropsychiatric illnesses and based on that being able to translate this knowledge from a clinical perspective and a pre-clinical perspective into mechanisms that become suitable for treatment development. The ultimate goal is to develop novel, more efficient and more tolerable treatments for people with neuropsychiatric disorders, with a focus on post-traumatic stress disorder.
What are the best and worst purchases you’ve ever made?
I think the best purchase has been equipment to measure neurophysiological responses to stimuli, which allows us to measure the heart rate, breathing rate, etc. This neurophysiology equipment gives us information about endophenotypes that are characterizing anxiety disorders and depression, mostly. I think this type of equipment is essential to do the work that we do.
What takes up too much of your time?
Bureaucratic office work is taking a significant amount of time and can sometimes become a little overburdening.
What three pieces of advice would you give to college students/new startup business owners who want to become entrepreneurs?
The strongest advice probably would be to pursue a creative and novel idea, to focus on your strengths but also know your limitations, and put together a good team. Don’t think you can do it all; building a team of complementary knowledge is essential to be successful.
Who has impressed you most with what they’ve accomplished?
I wouldn’t single out a single person or a single company, but in general, those companies who focus on their strengths are role models on how to develop the business, when the focus is not on some short-term success but really when it’s built to last. I think those are the impressive role models that can inspire me, and hopefully others too.
What drives you to keep going when it’s really tough?
What drives me is the belief that there is indeed a critical medical need to develop better treatments for people with trauma and post-traumatic stress disorder. The road to success is a bumpy road; it has many obstacles, and the whole treatment development business and treatment development effort are very complex and complicated. But the fundamental belief that this is a significant topic keeps me going despite all the setbacks that we in the field have.
How people should connect with you?
Visit my website to know more www.alexanderneumeister.com