TITLE

Seeking approval: For new drugs and devices, a faster track to market often found in Europe

AUTHOR(S)
Lee, Jaimy
PUB. DATE
July 2011
SOURCE
Modern Healthcare;7/25/2011, Vol. 41 Issue 30, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses why drug companies and medical device manufacturers in the U.S. are focusing to market in Europe. According to Delcath President and chief executive officer (CEO) Eamonn Hobbs, there is a difficult regulatory environment in the U.S., making it difficult to bring new drug and device technologies. A report from California Healthcare Institute and the Boston Consulting Group has found that by 2007, new drugs were approved two months faster in the European Union, in comparison to the U.S.
ACCESSION #
63551012

 

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