Welcome to our LS Law Regulatory Update, covering all the key developments over the past month. Although it has still felt like Summer at times during September, Autumn is definitely upon us and it has been back to business as usual during September, with several announcements catching our eye over the last few weeks.
Firstly, the National Commission into the Regulation of AI in Healthcare has just published a landmark set of recommendations to reform the regulation of software and AI-enabled medical devices. We have also seen the announcement of a call for evidence on the use of AI in medicines development. This is an important initiative and aims to develop a blueprint for regulation, tackling issues of accountability, algorithm bias and data sharing head on.
In recent weeks the European Commission has also announced two new legislative proposals, Firstly, a new Public Procurement Act to replace three 2014 directives with a single, directly applicable EU regulation. Whilst this reduces national fragmentation of course, the downside is that transitioning e-procurement architectures will impose considerable short-term administrative challenges. The European Commission has also announced a proposed European Innovation Act, aimed at ensuring that Europe's most innovative ideas can be developed and financed in Europe. Although the proposal would unlock an estimated €10.2B billion a year in extra financing and fast-tracks R&D procurement cycles to two months, the framework is overly narrow in scope and largely overlooks the foundational role of universities and academic researcher mobility.
Finally, another interesting ruling from the PMCPA on press releases, which provides a useful reminder of what is truly factual information about a medicine (and can be made available to the general public) as opposed to promotional content (which cannot).
We hope you enjoy this latest update.