Happy New Year medical device industry! The good news for medical device manufacturers in 2019 is that the medical device excise tax still does not apply with the current moratorium through December. Meanwhile, manufacturers can continue planning for the foreboded tax but also allocate those dollars towards R&D and new product, design, build, test and marketing.

Benefits of the Repeal

71% of companies surveyed would reinstate previously foregone hiring.

85% of companies surveyed would reinstate previously foregone R&D projects.

2M jobs directly and indirectly supported by medical technology all over the United States.

The Medical Device Resource Group can help you with regulatory compliance questions related to this tax repeal and consult on design and research efforts while funds freely flow in 2019. While some manufacturing fiscal calendars and budgets begin in October, July or even May, with a new calendar year, comes corporate reset for strategy and planning. Failing to plan can mean planning to fail. 

With that, plan your new budget to include consulting. For your assurance during planning, contact the Medical Device Resource Group for questions on design, engineering, testing, project management, regulatory compliance and receive confidential consult you can take to your next project meeting.

Fighting the public health threat of counterfeit medicaments