Venture capitalists are emerging as a powerful ally for medical device companies hoping to remove medical device approval restrictions in the FDA's process, said a New York Times report.
Congress is currently considering the reauthorization of a law that determines the fees for medical device makers, and patient advocacy groups are pushing back on relaxing the approval process.
Related Articles on Medical Devices:
Is There a Middle Ground for Medical Device Approval?
Report: New Challenges for the Medtech Industry
Funding Cutbacks, Complex Device Approval Process Threaten Med Tech Industry
Congress is currently considering the reauthorization of a law that determines the fees for medical device makers, and patient advocacy groups are pushing back on relaxing the approval process.
Related Articles on Medical Devices:
Is There a Middle Ground for Medical Device Approval?
Report: New Challenges for the Medtech Industry
Funding Cutbacks, Complex Device Approval Process Threaten Med Tech Industry