We examine the relationship between product liability litigation and innovation by systematically combining data on product liability lawsuits with data on new product introductions in a panel dataset of leading medical device firms. We first document a decline in the propensity to introduce new...

In the past two years, the FDA has issued several important new guidances that radically altered the rules for medical device manufacturers on the inter-related topics of biocompatibility, reprocessing, and sterilization. This master’s thesis discusses various aspects of these policy changes...