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Here are some common PMA myths, along with the reality of what’s really true:
4. Myth: If you have a choice, always go with a 510(k) submission over PMA.
Reality: The thought process behind this is generally a notion that 510(k) will be easier,
which can be a myth in itself. While the PMA may be a little more involved, it can also be
an easier sell to the FDA than trying to sell them on a Class II 510(k). Additionally, taking
the PMA route makes it harder for your competition to follow in your footsteps. (Think
“competitive regulatory strategy”)
5. Myth: Startups should opt for 510(k) because PMA fees are so expensive.
Reality: PMA fees are a lot more expensive than 510(k) fees, however, there financial
assistance programs available, including one that offers startups their first PMA free as an
incentive to use that pathway. It may make sense as part of your competitive regulatory
strategy.