Description: Investors say the FDA’s approval process of medical devices is inefficient and opaque. The maker of a non-invasive device that’s proven to identify melanomas risks it all to tell the tale.
Source: Fortune.com
Date: 09/02/2011
Link:Â Â http://finance.fortune.cnn.com/2011/09/02/melafind-fda-innovation/?iid=SF_F_Lead
Questions for discussion:
- What does this report have to say about the affect the FDA approval process has had on the financing of innovative developments?
- Â Is the trend likely to change?
- How should investors deal with this trend?
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