That's according to
"If we want to be extremely safe ... if we want to be sure that everything is 99.9999 percent safe ... then I think you are going to stay with the same system," he said. "But innovation and treatment are not going to be on the same level as the rest of the world."
Kershaw was joined by U.S. Rep.
That's a problem for the
"Even if I've got a product that's been in
"I'd love (for them to answer) why they think America is so homogenous, that we were not made up of people from
Other participants in Wednesday's roundtable --
"It only makes it harder for them to raise money, because their investors want to know what the return is going to be, and when you put this extra tax on them, that makes it a little bit more murky," he said.
As a result, Conrad said, those companies have to go overseas.
The competition doesn't stop there: Parts of the developing world have become bigger markets for medical technologies over the past 20 years, Cittadine said. The emergence of
Schneider said he is fighting for changes the largely Republican-leaning medical technology companies have been hoping to make.
He's been a leader in their effort to repeal the
"There are things in the Affordable Care Act that need to be addressed and need to be fixed," he said. "For many of the companies innovating, those early stage profits are scarce, if they exist at all, and every single penny is necessary to try to get where you need to be, to grow to the point of profitability."
Fish said he believes that Schneider can get the job done. He pointed to Schneider's victory with a piece of legislation passed in the spring to improve
Schneider said the bipartisan bill he helped introduce to repeal the Medical Device Tax is one on which Democrats and Republicans can agree.
"The last thing we should be doing, as a country, is taxing innovation," he said.
Schneider is running for re-election to the
Read this original document at: http://schneider.house.gov/media-center/in-the-news/fda-too-restrictive-on-medical-devices-sysmex-ceo-says
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