Mexico's MedTech market is buzzing with the news of COFEPRIS's new fast-track approval pathway, promising quicker market access for devices with existing international approvals. This move positions Mexico as a key entry point into Latin America, attracting significant global interest. However, beneath this promising headline lies a complex new reality.
The updated regulations include stringent new requirements for AI-driven software and connected devices, focusing heavily on cybersecurity and local data privacy laws. Many companies, eager to leverage the fast-track system, are being caught off guard, leading to unexpected rejections and costly delays. This episode unpacks the hidden complexities of Mexico's new regulatory landscape.
A prime example is a European AI diagnostics company. They eagerly submitted their CE-marked product for the new fast-track approval, only to be rejected for failing to meet Mexico's specific cybersecurity and data protection standards, which were not part of their original technical file. This misstep has cost them a projected six-month delay and significant rework costs.
Key questions answered in this episode:
- What are the specific new cybersecurity requirements COFEPRIS is now demanding for SaMD?
- How can you leverage your existing FDA or CE approval while avoiding common pitfalls in the new Mexican system?
- Why is compliance with Mexico's personal data protection law a new critical point for dossier submission?
- What's the biggest mistake companies are making when applying for the new fast-track registration?
- How can you conduct a gap analysis to ensure your technical file is ready for these new standards?
- Are there new labeling requirements for AI-powered devices under this framework?
- What kind of post-market surveillance is required for software that uses machine learning?
At Pure Global, we specialize in navigating these complex regulatory shifts. We offer end-to-end solutions for MedTech and IVD companies, combining local expertise in markets like Mexico with advanced AI tools to streamline global market access. Whether it's developing a new regulatory strategy, compiling a compliant technical dossier, or acting as your local representative, we turn regulatory hurdles into market opportunities. Contact us at [email protected] or visit https://pureglobal.com/ to learn more.