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Tag: amid

Morning Brief: Tesla’s Silent Rebound

With all the chaos going on with the Ukrainian war , all eyes have been pinned to news headlines and volatility. Amid all these...

Live coverage: SpaceX launches 47 more Starlink satellites

A package of 47 more Starlink internet satellites launched Thursday from Kennedy Space Center in Florida. SpaceX launched the satellites aboard a Falcon 9 rocket at 9:25 a.m. EST (1425 GMT).

Morning Brief: Bitcoin And Crypto Soar As Ruble Falls

Bitcoin and the rest of the crypto market have seen massive volumes in the last few days. Bitcoin has climbed back to the ~44k...

Morning Brief: Markets Make History on Russian Invasion

Markets made history yesterday amid wild swings as the Russian invasion came to fruition. There has only been one other time in history where...

FDA Proposes Changes to Medical Device Quality Regulations

The U.S. Food and Drug Administration (FDA)  published on February 23rd, 2022, a rule proposal to overhaul medical device quality control regulation.  According to the FDA, the proposed rule change would “amend the device current good manufacturing practice requirements of the Quality System Regulation to align more closely with the international consensus standard for devices by converging with the quality management system requirements used by other jurisdictions.”

The proposed rule, titled Medical Devices; Quality System Regulation Amendments, would incorporate by reference International Organization for Standardization ISO 13485:2016, which is the international consensus standard for medical device manufacturers.   The FDA claims that finalizing the proposed rule “will continue our efforts to align our regulatory framework with that used by other regulatory authorities to promote consistency in the regulation of devices and provide timelier introduction of safe, effective, high-quality devices for patients.”  The FDA is also proposing to amend other aspects of its regulations to more closely align with the Food, Drug, and Cosmetics Act, as well as clarify good manufacturing practice requirements for co-packed and single-entity combination products.

Since early 2018, the FDA has said it is considering how to harmonize its regulatory requirements for medical device quality systems contained in 21 CFR part 820 with ISO 13485:2016, amid the international standard’s three-year transition period. This proposal would become effective one year from the publication date of February 23rd, 2022, and would result in the replacement of its current inspection approach for medical devices, the Quality System Inspection Technique (QSIT), with an inspection approach that will be consistent with the requirements of the Part 820 as finalized.

Beyond the harmonization with international standards, the FDA estimates that this rule change will save between $439 million to $533 million over the next 10 years.  At the same time, it is expected that the expenditure for all companies to get up to speed with the proposed rule change will total $7.6 million.

The FDA had announced last week a March 2, 2022 meeting of the Device Good Manufacturing Practice Advisory Committee to “discuss and make recommendations on the current good manufacturing practice requirements for medical devices . . . to align more closely with an international consensus standard for medical devices used by other regulatory authorities.”

The text of the proposed rule change can be found here.

The post FDA Proposes Changes to Medical Device Quality Regulations appeared first on Knobbe Medical.

Several Currencies Have Benefited From The Crisis In Ukraine

According to the news from HONG KONG, the announcement from U.S president Joe Biden stating that Russia is trying to justify its actions towards Ukraine has become a reason for the increased Swiss franc and Japanese yen. On the other hand, it turned out to be harmful to Bitcoin. USA and Russia Over Ukraine Crisis […]

Dollar Continues to Weaken Amid Corrective Decline in Yields

On Friday, January 21, EUR/USD is up 0.23% to trade at 1.1337. The DXY dollar index is down 0.07% and is at 95.67. The US currency continued to weaken amid fears that inflation in the first month of the new 2022 remains as high as in the past 2021. The greenback has taken a breather […]

LinkedIn enters the freelancer service marketplace: the implications

LinkedIn has today entered the service marketplace business. This is substantial news in the rapidly evolving work landscape. Now anyone can use LinkedIn’s ‘Open to Work’ feature at the top of their profile to indicate availability to provide services, either local or remote, across 250 pre-defined categories (shortly expanding to 500), with for now no […]

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Coding for Kids: 24 Free Websites that Teach Programming

Coding for kids is the new literacy. It covers various aspects of a kid’s learning, logic building, systematic thinking, problem solving, collaboration, and creativity. You...

School Nonprofit Finds Fundraising Success Amid Pandemic

April 2020 – right at the start of the pandemic in the US – seems like the least likely time to find fundraising success, but thanks to a supportive community, generous local business partners, and stellar promotion efforts, the Bismarck Public Schools Foundation was able to raise $2,349 in just 3 days by hosting restaurant […]

The post School Nonprofit Finds Fundraising Success Amid Pandemic appeared first on GroupRaise.

How brokerages can survive in zero-commission trading | ClickIPO

The recent decision by Charles Schwab to offer zero-commission trading and the resulting domino effect among its competitors have triggered tremors...

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