11 November 2014 5 9K Report

If my company develops a class III medical device in the US, goes full FDA PMA regulatory route with preclinical trial followed by phase 1-3 multi-center clinical trials, can a competitor then use our success to submit a 510k on similar device and get to market within a year?

A PMA costs 25+ million dollars and can take 10 years for approval where as a 510K can be obtained in about 6 months for

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