FDA Drug Approval Is No Guarantee
Tuesday, January 21, 2014 - 20:00
in Health & Medicine
There is a looming drug crisis approaching and the results of a new paper about the FDA understanding of clinical trials is only going to make it worse. Right now, the private sector conducts drug development and they are vilified by the media, the public and their competitors in government-funded academia. But drug development fails 95% of the time before getting to market, it costs billions, has to undergo rigorous testing and then has a short window for sales, during which time everyone complains that greedy companies charge too much. As a result of a hostile business climate and increased regulation, drug development is disappearing rapidly, to be replaced by...nothing. Government-controlled science can't do applied research. read more