Dr. Alexander Neumeister earned his M.D. from the University of Vienna in 1990, focusing on neurology and psychiatry. Since then, he has been honored by leading scientific organizations including the International Society for Traumatic Stress Studies and the Society of Biological Psychiatry. Dr. Neumeister always finds time to be with his three children, Anne-Sophie, Nicolas, and Timothy.
Introduce yourself, please?
I am a neurologist and psychiatrist with around 15 to 20 years of experience conducting primarily translational research in neuroscience. The primary focus of our work is the study of brain mechanisms that could be relevant for developing treatments. The ultimate goal is to understand the functioning of the brain and, based on these mechanisms, create treatments for psychiatric or neuropsychiatric disorders.
What sets your organization apart from your competitors?
The main advantage is that we are a small company with highly skilled individuals who complement each other. We can efficiently address very specific questions and come up with rapid and concrete resolutions to any scientific queries in the neuroscience area.
How much of the potential market share do you foresee capturing in the next 3 years?
Realistically, I would say if we can achieve 3 to 5 percent market share, then we will be successful.
What was the pivotal part of your entire business journey?
I believe the most crucial element is a profound understanding of the structure and the symptomatology of neuropsychiatric illnesses. Based on this understanding, being able to translate this knowledge from a clinical and pre-clinical perspective into mechanisms suitable for treatment development is vital. The ultimate goal is to develop novel, more effective, and better-tolerated treatments for people with neuropsychiatric disorders, with a focus on post-traumatic stress disorder.
What are the most and least favorable purchases you’ve made?
I believe the most favorable purchase has been acquiring equipment to measure neurophysiological responses to stimuli, which allows us to measure heart rate, breathing rate, etc. This neurophysiology equipment provides information about endophenotypes that characterize anxiety disorders and depression. I consider this type of equipment essential for our work.
What consumes too much of your time?
Bureaucratic office work consumes a significant amount of time and can sometimes become burdensome.
What are three pieces of advice you would offer to college students/new startup business owners aspiring to become entrepreneurs?
The most significant advice would probably be to pursue a creative and innovative idea, focus on your strengths while also recognizing your limitations, and assemble a good team. It is essential to understand that building a team with complementary expertise is crucial for success.
Who has left a lasting impression with their accomplishments?
I wouldn’t name a particular individual or company, but in general, companies that concentrate on their strengths serve as role models for business development. Focusing not on short-term success but on long-term sustainability is impressive. I believe these are the inspiring role models that can motivate me and hopefully others too.
What motivates you to persist through tough times?
What motivates 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 path to success is filled with obstacles, and the whole treatment development endeavor is complex and intricate. However, the fundamental belief that this is a significant topic keeps me going despite all the setbacks we face in the field.
How can people get in touch with you?
Visit my website for more information www.alexanderneumeister.com
