34. Parker Rogers: How FDA Deregulation Promotes Medical Device Innovation & Safety

In this conversation, Daniel Belkin and Mitch Belkin interview Parker Rogers about his recent job-market paper “Regulating the Innovators: Approval Costs and Innovation in Medical Technologies” which examines the impact of FDA regulation on innovation, market structure, and product safety. They discuss the FDA’s medical device risk classification and his analysis of down-classification events (from higher to lower risk categories), which shows deregulation has a positive impact on innovation, firms producing devices, as well as product safety. They also touch on the value of regulation versus litigation, legal liability exposure of small versus large firms, and the European Medicine Agency.