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This article has been updated to note that Exact Sciences has previously said it will submit the Cologuard test for parallel review by FDA and CMS. Originally published Oct. 7.

By Turna Ray

The US Food and Drug
Administration and the Centers for Medicare & Medicaid Services this week launched a "parallel review" pilot for medical devices, under which they plan to coordinate regulatory and Medicare coverage reviews for up to five "innovative" devices per year.

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The former commissioner of the FDA has returned to the venture capital firm New Enterprise Associates as a special partner on the healthcare investment team.

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