South Korea’s regulatory bodies have agreed to adopt a “fast-track” approval process for next-generation medical devices, according to a new report from the Korea Herald.
The policies are being enacted to promote medical devices whose success is dependent upon entering the market ahead of their competitors, and would allow devices to be certified on a global basis, according to the report.
A new value-based evaluation system will be developed for such devices, aiming to explore their immediate value to society, the Korea Herald reports.