FDA Claims To Approve Medical Devices Faster
1 CommentBy Ed Silverman // June 23rd, 2008 // 5:37 pm
In a new report, the agency maintains it is now faster at approving applications than in 2002. In fiscal 2006 the FDA, on average, took 335 days to approve the devices, which range from X-ray machines to syringes, compared with 438 days in 2005, Reuters writes.
But approval of devices under a separate, abbreviated “510K” application process required, on average, 95 days in 2006, compared with 87 days in 2005. Nonetheless, the FDA argues “the average review time from receipt to final decision has declined” since Congress passed a law overhauling device regulations in 2002. Approval data for fiscal 2007, which ended last Sept. 30, was not yet available.
Lawmakers enacted the changes in part to help streamline the review process and review time goals. The 2002 law also allowed the FDA to levy fees on device makers to help pay for the review process. As part of the changes, the FDA also set up third-party programs that allow independent companies to review applications before the agency makes the final decision.
While the report did not give specific 2007 data, there were 16 percent fewer, or 233, third-party reviewed applications submitted compared with 278 in 2006, Reuters writes, adding, however, that was before Congress amended the program last year to ease some restrictions. Critics of the third-party review program say the FDA should get more funding to do the reviews itself.
Overall, the FDA said it cleared 2,640 devices for use under its so-called “510K” process in 2007 compared with 2,677 devices in fiscal year 2006.
Device makers using the abbreviated “510K” process only need to show the agency their product is as good as similar ones on the market, Reuters notes. For new types of devices, manufacturers must file a premarket approval application with more data to show the product is safe and effective, Reuters adds.
Source: Reuters
dad
Good work, Ed.
The interview with N. Patel was very interesting as were most of the comments.
It is a bit futuristic.
Off to class now.
Love to L and S,
Dad