The LDT Final Rule was viewed by many in the in vitro diagnostics space as a costly burden. Navigating FDA premarket review, oversight, and quality compliance isn't easy. But using the LDT pathway to go fast and break things, as companies like Theranos once did, is not sustainable. Particularly as IVDs advance in their complexity, personalization, novelty, and influence on critical healthcare decisions.
The good news is that there are genuine market incentives for pursuing an FDA submission. The FDA can play an important role in enabling differentiation, uptake, and product-specific coverage for IVDs with superior clinical evidence. This white paper includes case studies demonstrating these market access benefits for those IVD developers that decide to proactively pursue FDA approval.
While the recent FDA Final Rule related to In Vitro Diagnostics and Laboratory Developed Tests has sparked concerns around enforcement risk, cost, and compliance burden for manufacturers, in our latest whitepaper we also highlight the hidden market access opportunities for IVD developers that are quick to adapt.
Our experts Nayan Ghosh & Emma Feinerman draw parallels to a similar guidance around in vitro companion diagnostics released a decade prior, when companies like Foundation Medicine & QIAGEN saw favorable, product-specific coverage determinations by proactively pursuing FDA premarket review ahead of their LDT competitors. Request a full copy here: https://lnkd.in/eptbRN73
Data LDT Diamonds in the Rough; Apparent Risks and Hidden Opportunities in the Fallout of the FDA's Final Rule | Marwood Group
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