I receive the following error when trying to run the app on my device.
error: failed to launch \'/Users/michael/Library/Developer/Xcode/DerivedData/Build/Pro
I struggled with this problem for 2 days and went through all the posts, tried all the options including, restarting Xcode, device, deleting DerivedData folder etc.
Finally, the problem was with the Info.plist file. In my case, I had improper icon paths in the Info.plist file. I suggest you to archive the application and then validate it to get the exact problem in you case. Only when I did that, I was able to find the issue.