Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

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:   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 innovations?
  •  Is the trend likely to change?
  • How should investors deal with this trend?

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