An IMDA article written on Frank Fazio’s, R.Ph., J.D., Principal of Porzio, Bromberg & Newman and Vice President of Distribution and Licensing Services of Porzio Life Sciences, LLC, “Are you Licensed to Sell?” Presentation.
“Have you signed up with our vendor credentialing firm?” By now, most IMDA members are well-prepared to answer this question from their customers. But increasingly, they’re being asked yet another question: “Are you licensed to sell medical devices in our state?” Frank Fazio brought IMDA members up to speed on the world of licensing.
And what a complex, often burdensome world it is.
Licensure is a fact of life, and will be for the foreseeable future, predicted Fazio. "As states seek new sources of revenue, it's possible the number of states entering this area will increase in the next few years." For that reason, device companies need to keep track of the myriad of state requirements and monitor changes in state laws.
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