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Venture Capitalists push FDA Reform on Capitol Hill

POSTED ON IN Latest News BY Chris Centeno

fda reform

In a recent survey of venture capital firms, many say they are investing fewer dollars in biotechnology drugs and devices because of an unpredictable and risk adverse FDA. The companies took their case for FDA reform to Capitol Hill this week engaging Senators in the debate. From the Venture Capital Dispatch…

Venture capitalists are beginning to steer their investment dollars away from fledgling pharmaceutical and medical device companies, a phenomenon that will drive jobs and promising treatments overseas, according to a new survey of life sciences investors.

The chief reason, according to most of the 156 venture firms surveyed, is dysfunction at the Food and Drug Administration, an agency investors say is so unpredictable and risk-averse that young companies are now inclined to merely give up on trying to get on the market in the U.S. Read more…

 

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    About the Author

    Chris Centeno

    Christopher J. Centeno, M.D. is an international expert and specialist in regenerative medicine and the clinical use of mesenchymal stem cells in orthopedics. He is board certified in physical medicine as well as rehabilitation and in pain management through The American Board of Physical Medicine and Rehabilitation.…

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