FDA eyes help with defibrillators?
Paper says the agency is recruiting outsiders to better monitor the heart aid and other devices.

NEW YORK (CNNMoney.com) - The Food and Drug Administration is recruiting outside help to monitor the safety of defibrillators for the first time, according to a news report.

The FDA is using outside medical experts to review defibrillators, which provide electric shocks to stalled hearts, and other medical devices that have been released into the market, according to a Friday report from the New York Times.

The FDA decided to use the outside help ahead of a expected report from the Heart Rhythm Society, which might urge defibrillator makers to use outside panels to review product safety, the Times said.

Generally, the FDA uses advisory panels to weigh the safety and efficacy of drugs and medical devices, before and after they enter the market. The panelists take votes and make suggestions to the FDA, which usually follows the advice of the advisors.

The FDA is trying to strengthen its monitoring of medical devices after weaknesses in its oversight were revealed last year. Guidant (up $1.12 to $77.85, Research), one of the market leaders in defibrillators that was recently acquired by Boston Scientific (up $0.24 to $21.93, Research), recalled tens of thousands of pacemakers last year because of faulty sealants.

To read more about Guidant, click hereTop of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.