DEALSCAPE

Ireland can capitalise on medical devices industry

28th May, 2011

The medical device industry in the US is in turmoil, as approval times for new products have lengthened and fewer products are being approved. As a result, innovation is suffering.

Industry participants believe that the European approval process is far superior. A recent survey by Stanford University found that, on average, the time taken from first communication to approval for lower risk products was 31months in the US and seven months in Europe.

Not surprisingly...

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