Why Do the Principals of Cardeation Capital Think Joining Forces Makes Sense for Innovation?
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On Thursday, FDA commissioner Scott Gottlieb announced a pilot program to look into a “pre-certification” for medical software start-ups.
And even the FDA’s harshest critics are excited about it.
“I guess I’ve grown cynical in my old age, as I’ve watched administrations come and go,” said Bradley Merrill Thompson, an FDA expert and lawyer with the firm Epstein, Becker & Green, in an email to CNBC. “[But] I think the idea of a pilot program is brilliant.”
The agency is hoping to fast-track the approval process for medical software start-ups and products that are less risky for patients than a traditional medical devices. The idea is that these companies could submit less information than is currently required — or none at all.
The FDA will let up to 9 companies sign up for this pilot. After that, fast-track approval could become the norm.
Thompson praised Gottlieb’s agenda a month ago when the FDA announced plans for a digital health innovation plan. At that time, he was hoping that the agency would move ahead with a pilot program or sorts, so it could gather feedback from the industry.
Continue reading at: https://www.cnbc.com/amp/2017/07/27/so-fda-did-a-good-thing-today-for-digital-health-.html
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