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Home » Newsletters » BioWorld

BioWorld

Aug. 23, 2019

View Archived Issues

U.S. AI med-tech regs in development 'not for the faint of heart'

The FDA's regulation of artificial intelligence (AI) is divided by product center for reasons that are obvious, but precisely what that regulation will look like is anything but. As the FDA's Center for Devices and Radiological Health (CDRH) goes through the comment period for its discussion draft for AI, other nations are starting their own efforts in this space. The American agency's efforts may foreshadow the approaches employed in other nations. Read More

FDA looks to AI to streamline drug development and approval process

While regulatory science can lag behind technology advances, the FDA has for the past few years been exploring ways to harness the potential of artificial intelligence (AI) to streamline drug development and the approval process. Read More

American AI Initiative

Recognizing that the age of artificial intelligence (AI) has arrived and, with it, the potential to transform everything from health care to transportation and manufacturing, U.S. President Donald Trump issued an executive order earlier this year that launched the American AI Initiative. Read More

China on the cusp of regulating AI-based devices

BEIJING – With home-grown artificial intelligence (AI) medical devices under priority review, mainland China is quickly putting together a regulatory framework to more rapidly tap into the power of AI to develop devices and drugs. Read More

Japan to develop assessment system to speed up AI development

HONG KONG – With an aging population and a shortage of doctors, Japan is now working to develop artificial intelligence (AI)-based medicine faster than any other country in Asia. Read More

Australia: No plans to regulate AI, machine learning via separate pathway

PERTH, Australia – It's likely that Australia will not draft separate guidance or regulations for software applications that use artificial intelligence or machine learning (AI/ML) for drug development or medical devices. Read More

South Korea's insurance, personal information law slows use of AI devices

HONG KONG – South Korea is actively working to expand its artificial intelligence (AI) capabilities in health care, but outdated regulations and concerns over privacy and profit sharing are proving to be significant stumbling blocks. Read More

India lags in regulating AI as development proceeds

NEW DELHI – Artificial intelligence (AI) is increasingly gaining a foothold in India's health care landscape, with investors pouring money into the new technology, companies developing products and regulators looking to come up with much-needed rules. Read More

Financings

EW Healthcare Partners, of New York, said it raised over $745 million in EW Healthcare Partners Fund 2a L.P., its second dedicated growth equity fund. The fund will target fast-growing commercial-stage healthcare companies in the pharmaceutical, medical device, diagnostics, and technology-enabled services sectors in the U.S. and in Europe. Read More

Other news to note

Snap Bio Inc., of San Diego, along with Biomedical Research of Barcelona, said its lead candidate, SNP-162, overcame disabling drug-resistance in treating recurrent advanced and metastatic liver cancer. SNP-162 is designed to inhibit the growth of liver cancer cell lines that are resistant to Sorafenib, which is FDA-approved for treating inoperable hepatocellular carcinoma. Read More

Regulatory front

The U.S. Department of Health and Human Services (HHS) is appealing a federal judge's decision that struck down a rule requiring TV ads for certain prescription drugs to include the list price of the drug. Read More

Clinical data for Aug. 22, 2019

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Regulatory actions for Aug. 22, 2019

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Chinook checkbook adds $65M as winds of change blowing in kidney space

Kidney-disease player Chinook Therapeutics Inc. CEO Eric Dobmeier told BioWorld that the company's $65 million series A round provides "a few years of money at the current pace. I'm hopeful we're going to make progress, have really good use of proceeds, and be out there raising money again to advance the company, because there's just such a huge unmet need right now." Read More

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