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$RXPC - Growing Safety Concerns Weigh on Medical Equipment and Supplies Sector

http://tinyurl.com/4x5xfnw

The Bedford Report Provides Stock Research on Radient Pharmaceuticals & Accuray Inc.

http://finance.yahoo.com/news/Growing-Safety-Concerns-Weigh-iw-816180413.html?x=0



Morning news update

NEW YORK, NY--(Marketwire -10/24/11)- With profit margins for medical equipment and supply manufacturers already being squeezed via sweeping healthcare reform, companies in the sector could face more headwinds in the future as industry experts have begun questioning the FDAs approval process. The Bedford Report examines the outlook for companies in the Medical Equipment & Supplies Industry and provides investment research on Radient Pharmaceuticals Corporation (Pinksheets: RXPC.PK - News) and Accuray, Inc. (NASDAQ: ARAY - News). Access to the full company reports can be found at:

www.bedfordreport.com/RXPC
www.bedfordreport.com/ARAY

Over the summer, The Institute of Medicine recommended that the US government create a new system of approving medical devices because the current system does not guarantee the products are safe. The panel from the Institute for Medicines also said the FDA should abandon a process that allows for medical devices to be approved if the manufacturers prove they are similar to devices that are already on the market. Currently, the FDA approves medical devices without human studies if it is "substantially equivalent" to other devices that were previously cleared or that were on the market before 1975.

The Bedford Report releases stock reports on the Medical Equipment & Supplies Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The FDA says it disagrees with the recommendations and wants to amend its current process, not overhaul it. The current oversight system has been simultaneously faulted for inadequate assurance of safety and efficacy and for suppressing innovation. Since regulatory approval is dependent on claims of similarity to previously approved devices, the process can encourage the development of devices that provide only small improvements at higher cost than their predecessors.

Currently Radient Pharmaceuticals offers its FDA-cleared In Vitro Diagnostic (IVD) Onko-SureTest Kit, which is used for the detection and/or monitoring of 14 different types of cancers. Onko-Sure has also received regulatory approval outside of the US as a general cancer tumor marker, as well as for lung cancer detection, treatment and recurrence monitoring.

Accuray is a global leader in the field of radiosurgery and provides a non-surgical treatment option for patients diagnosed with cancer. The Company's leading-edge technologies - the CyberKnife and TomoTherapy Systems - are designed to deliver radiosurgery, stereotactic body radiation therapy, intensity modulated radiation therapy, image guided radiation therapy, and adaptive radiation therapy.

The Bedford Report provides Investment Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

http://finance.yahoo.com/news/Growing-Safety-Concerns-Weigh-iw-816180413.html?x=0