Medical Device Innovation Consortium (MDIC)–New Consortium Of a Private-Public Partnership Announced Between the FDA And
Posted Dec 07 2012 2:54am
Last time I referenced LifeScience Ally was a couple years ago where they named e-Zassi software as provider, which is a unique web based “matching” service where medical device companies can work with software companies with protected IP properties to create a full solution for the complete product, and e-Zassi can be used to source. Way back when E-Zassi was started I had a lengthy interview with the CEO.
LifeScience Ally is a Minnesota-based trade association serving nearly 600 member organizations. Members include Medtronic, Beckman Coulter, Mayo Clinic, Boston Scientific, Upsher-Smith Laboratories, Cargill, and the University of Minnesota, as well as start-ups and firms that specialize in professional services for life science organizations. The partnership is to help improve faster device time approvals through the FDA. With the cost of approval today, some small companies can’t afford the process so hopefully this will work with collaborating and helping get good devices to market sooner. MCIC will be an independent non profit organization and will be headed by an executive from Medtronic. BD
The FDA announced on Dec. 3 a new nonprofit corporation to promote medical device regulatory science. The new corporation is called the Medical Device Innovation Consortium (MDIC) and is a public-private partnership between the FDA and Minnesota-based LifeScience Alley.
MDIC is intended to help facilitate faster development, assessment and review of new medical devices.
“MDIC will prioritize the regulatory science needs of the medical device community and fund projects to help simplify the process of medical device design and pathway to market for these innovations,” an FDA press release states. “The MDIC will bolster the country’s investment in regulatory science research by pooling people, funding, resources, and ideas to develop new tools, models, and methods that may be utilized to better and more efficiently evaluate new devices.”