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£30m committed by the UK government; €8.9m awarded by Horizon Europe. Continued investment is poised to propel MedTech innovation forward in 2024 and beyond. Our team has laid out the legal and regulatory developments that will impact industry innovators:   · UK medical device regulation: The UK may become the preferred market of choice to launch innovative products owing to the flexibility provided by the UK’s future medical device regulatory framework. · UK AI Airlock: The launch of regulatory sandbox, AI Airlock, will help the MHRA identify and address the challenges of regulating ‘AI as a Medical Device’. · EU product liability reform: The new EU Product Liability Directive will bring software, AI and digital manufacturing files within scope, increasing the litigation risk profile for MedTech products. · Supply chain risks: large medical device companies will need to undertake comprehensive due diligence to comply with the new EU Corporate Sustainability Due Diligence Directive. · PFAS: Medical device manufacturers to start considering alternative, “greener” chemicals to use in their products in light of potential PFAS restrictions.  Read more from Samantha Silver and Nathalie Smyth here: https://lnkd.in/eGqjJEWM #MedTech #ProductLiability #FutureOfMedicine #PFAS #MedicalDevices

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