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AdvaMed Welcomes U.S.-India Cooperation Impacting Medtech
WASHINGTON, D.C. – Stephen J. Ubl, president and CEO of the Advanced Medical Technology Association (AdvaMed), today released the following statement upon the successful conclusion of U.S. President Barack Obama’s visit to India Jan. 25-27.
“AdvaMed welcomes ongoing efforts between the U.S. and India to strengthen economic cooperation, including increased bilateral trade and collaboration in the health care sector. This week, President Barack Obama and India Prime Minister Narendra Modi pledged to strengthen collaboration, dialogue and cooperation between their two governments in a range of areas, including medical and related regulatory issues.
“We join with President Obama and Prime Minister Modi in reaffirming support for the role that science, technology and innovation partnerships can play in addressing pressing challenges in areas including health care, and in developing innovative solutions that are affordable and accessible to people in both countries and that benefit the global community. We commend both leaders for reaffirming the importance of providing transparent and predictable policy environments for fostering innovation in the 21st century.
“AdvaMed welcomes reforms that India is pursuing to make it easier to do business in India, including a recent change in Foreign Direct Investment policy that clears the way for greater foreign participation and investment in India’s medical device market, and we are encouraged by continuing efforts to create an appropriate regulatory framework for devices distinct from pharmaceuticals. We will continue to work with our members, India health care and government officials, and other stakeholders, to achieve needed medical device regulatory reforms that will ensure greater patient access to life-changing innovation.”
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AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures and more effective treatments. AdvaMed members range from the largest to the smallest medical technology innovators and companies.