What's the Real Reason for FDA Device Delays? (MDDI)
You've heard of the first mover advantage, but what about a first mover disadvantage? It appears that new medical devices that are the first of their kind have a slower process through FDA. Since the technology is new, it make some sense that the process at FDA would take longer, right?
But new research from Harvard Business School finds that unfamiliarity with the technology isn't the cause of this delay. Lack of familiarity with protocol is actually what makes the FDA process take longer, assistant professor of business administration Arie...