The FDA said on Tuesday that it has chosen nine tech companies for a pilot program that could help the firms selected avoid certain regulations tied to developing health software and products, Bloomberg reports.
"We need to modernize our regulatory framework so that it matches the kind of innovation we're being asked to evaluate," FDA Commissioner Scott Gottlieb said.
Companies including Apple (AAPL) - Get Free Report , Fitbit Inc. (FIT) - Get Free Report , Samsung Electronics Co. (SSNLF) , Alphabet's (GOOGL) - Get Free Report Verily Life Sciences, Johnson & Johnson (JNJ) - Get Free Report and Roche Holding AG (RHHBY) will participate in the program that will help them bring health devices to market at an expedited rate.
In the past, it could have taken months to get regulatory clearance for such devices.
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