Medical Device Makers To Double FDA Fees: Sources - Bloomberg News

Date : 01/31/2012 @ 11:21PM
Source : Dow Jones News
Stock : Medtronic Plc. Ordinary Shares (MDT)
Quote : 83.99  0.76 (0.91%) @ 4:03PM

Medical Device Makers To Double FDA Fees: Sources - Bloomberg News

Medtronic (NYSE:MDT)
Historical Stock Chart

5 Years : From May 2012 to May 2017

Click Here for more Medtronic Charts.

Medical device makers will double how much they pay the Food and Drug Administration--to $595 million from $295 million--in a deal for faster product reviews over the next five years, Bloomberg News reported Wednesday on its website, citing two unnamed sources.

The new pact, which must be authorized by Congress, replaces the previous deal that expires on Sept. 30, according to the report.

The FDA has said it will use any added money to increase evaluation staff, the report said.

An FDA spokeswoman, Karen Wiley, said both sides are "close to an agreement," while a spokeswoman for the Advanced Medical Technology Association, the industry's Washington lobby, declined comment, the report said.

Full Story: http://www.bloomberg.com/news/2012-01-31/device-makers-said-to-double-fda-fees-to-get-quicker-product-reviews.html

Latest MDT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.