Funding For Medical Device Innovation Doesn?t Need To Come From Government

Why Funding For Medical Device Innovation Doesn?t Need To Come From Government

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While funding for medical device innovation is a good thing, it doesn?t necessarily need to come from government, whether that?s in the form of tax breaks or grants.

Robert Langer, an MIT professor and this year?s recipient of the Medical Design Excellence Awards (MDEA) Lifetime Achievement Award, said in a recent interview on the Medical Device and Diagnostic Industry website that a lack of funding is the biggest issue facing the medical device technology industry. He argued for incentives such as tax breaks for those investments.

However, that money should come from the private sector where it works much faster with far less waste. Our tax laws in particular are way too complex already, and all too often end up choosing winners and losers.

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Article originally posted on our CRM for Medical Device Organizations website.

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