What is the meaning of ‘substantially equivalent’ for FDA approval?
To receive FDA approval on a new device intended for human use, a premarket submission called a 510k must be made to the FDA. This must demonstrate that the device is substantially equivalent to a legally marketed device, meaning that it is just as safe and effective.
According to the FDA, a device is considered “substantially equivalent” if the following criteria are met:
Once this information has been submitted to the FDA, the FDA will determine whether the device is safe and effective through a thorough review process, including evaluation of performance data and technological characteristics. In the US, a device may not be marketed until the FDA determines that substantial equivalence is present.(Tick)
- Has the same intended use as the predicate device; and
- Has the same technological characteristics as the predicate;OR
- Has the same intended use as the predicate; and
- Has different technological characteristics and does not raise different questions of safety and effectiveness; and
- The device is demonstrated to be as safe and effective as the legally marketed device
Definition. A predicate device is a medical device that may be legally marketed in the U.S. and used as a point of comparison for new medical devices seeking approval through FDA's 510(k) premarket clearance pathway.
Seems like FDA approval to me.
GLTAH
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Open | High | Low | Value | Volume |
22.0¢ | 23.0¢ | 21.5¢ | $216.6K | 975.6K |
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No. | Vol. | Price($) |
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9 | 136790 | 21.5¢ |
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Price($) | Vol. | No. |
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22.0¢ | 12554 | 2 |
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No. | Vol. | Price($) |
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9 | 136790 | 0.215 |
6 | 24440 | 0.210 |
8 | 131984 | 0.205 |
17 | 621062 | 0.200 |
3 | 261538 | 0.195 |
Price($) | Vol. | No. |
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0.220 | 12554 | 2 |
0.225 | 65989 | 2 |
0.230 | 400378 | 6 |
0.235 | 103814 | 3 |
0.240 | 149991 | 5 |
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