Business Ecosystems and Platforms
FDA approval refers to the official authorization granted by the U.S. Food and Drug Administration (FDA) for a medical product, such as drugs, medical devices, or biologics, to be marketed and sold in the United States. This process involves rigorous evaluation of the product's safety, efficacy, and manufacturing quality, ensuring that it meets strict regulatory standards before reaching consumers. FDA approval is crucial in healthcare and medical technology ecosystems as it helps foster trust among patients and healthcare providers while also promoting innovation in medical solutions.
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