Law360, New York ( August 19, 2011, 1:31 PM EDT) -- On July 29, 2011, the Institute of Medicine (IOM) released the long-awaited report of its Committee on the Public Health Effectiveness of the FDA 510(k) Clearance Process (IOM Committee). The report recommended replacing the current 510(k) process with an integrated premarket and postmarket regulatory framework, which would likely result in a longer and more expensive pathway to market for manufacturers of moderate-risk medical devices....
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