2012
DOI: 10.1126/scitranslmed.3005269
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Creating a Space for Innovative Device Development

Abstract: FDA announces a partnership—the Medical Device Innovation Consortium—to advance regulatory science in the medical technology arena.

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Cited by 18 publications
(10 citation statements)
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“…Based on statistics from the US Department of Commerce, approximately 75% of US medical device manufacturers have fewer than 20 employees . Along with start‐up companies that may financially rely on the success of one medical device, these small companies often have limited capital and resources to apply to research, development, and regulatory issues associated with biomedical discovery and evolving technologies.…”
Section: Collaborative Research and Support Programs (Table  Section A)mentioning
confidence: 99%
See 1 more Smart Citation
“…Based on statistics from the US Department of Commerce, approximately 75% of US medical device manufacturers have fewer than 20 employees . Along with start‐up companies that may financially rely on the success of one medical device, these small companies often have limited capital and resources to apply to research, development, and regulatory issues associated with biomedical discovery and evolving technologies.…”
Section: Collaborative Research and Support Programs (Table  Section A)mentioning
confidence: 99%
“…To aid new product development, MDIC created a public–private partnership (currently composed of over 40 members including individual companies, nonprofit organizations, patient groups, FDA, the National Institutes of Health (NIH), and the Centers for Medicare & Medicaid Services)) to foster medical device innovation by supporting collaborative interaction. The objective of the partnership is to address common issues facing industry, particularly in the early‐stage development of new technologies, in a noncompetitive and nonproprietary space . Through MDIC, companies can pool their limited resources and work directly with federal agencies to evaluate scientific topics which may increase patient access to safer and more effective devices.…”
Section: Collaborative Research and Support Programs (Table  Section A)mentioning
confidence: 99%
“…3 Of the more than 5,000 device manufacturers in the U.S., about 75% have fewer than 20 employees. Small device companies have become the innovation engines in the U.S. and their survival is of upmost importance to fuel new and innovative treatment options to patients.…”
Section: State Of Medical Device Innovation In the Usmentioning
confidence: 99%
“…Devices also dif er from drug development because historically, their development life cycle and investment periods are shorter, and the sector faces a shorter regulatory time frame. However, the medical device sector is increasingly faced with technically complex applications, including assisting the delivery of drugs and cell-based therapeutic products, and regulatory bodies are beginning to explore their oversight roles (21). In concert, there has been a slow increase in consortia focused on medical devices, which includes diagnostic instruments as well as those that assist in medical interventions (such as surgical tools and robotic technologies) (Fig.…”
Section: Consortia Spur Sciencementioning
confidence: 99%