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'Cures' Innovation Fund Targeted At Some Device Provisions In Latest Bill

FDA officials could draw from $550 million of a new “Innovation Fund” to implement certain 21st Century Cures legislation device reforms, including a breakthrough device program, health IT reforms and other provisions. The latest version of the bill, which newly directs those funds to device sections, is heading to the House floor this week.

Device reforms in the 21st Century Cures bill can be paid for by added funding for FDA in a “Cures Innovation Fund,” according to the latest version of the legislation, which passed the House July 10.

A prior version of the bill approved by the House Energy and Commerce Committee in May had only designated drug review reforms to be paid for out of the funds,...

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