AccessClosure: FDA Clearance--Yes; Product Launch--Not Yet
Sometimes just getting FDA approval isn't enough. AccessClosure got FDA clearance of its PMA vascular closure device, only to delay the product's launch in order to develop an improved version. The company forestalled one-and-a-half years of revenue to address physicians' concerns and introduce an improved product. This was particularly wise in the field of vascular access closure devices, where previous devices have disappointed. The decision appears to be paying off as the company is seeing rapid adoption even though its product is priced at a premium.
By Stephen Levin
Of the nine companies that the company and product development organization Incept has launched in its 11 year history,
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