3 ms·
It only strengthens by argument. FDA saved people from Thalidomide ? What about over 100K people who lost their life because FDA delayed approval of Provenge a
by tn13 10y ago
It only strengthens by argument.
FDA saved people from Thalidomide ? What about over 100K people who lost their life because FDA delayed approval of Provenge and many other life saving drugs ? What about the near monopoly that FDA has granted to EpiPens ? What about millions of Americans who can afford basic healthcare because of FDA's compliance costs and die as a result ?
Just for sample check this : http://www.lifeextension.com/magazine/2010/11/FDA-Delay-of-One-Drug-Causes-Lost-Life-Years/Page-01 http://www.lifeextension.com/magazine/2010/11/FDA-Delay-of-O...
FDA or market based regulation totally depends on the outcomes and at least for me it is very apparent that market is extremely good at figuring out what works and what not than FDA. Also at significantly lower costs.
>Throughout the world, about 10,000 cases were
reported of infants with phocomelia due to
thalidomide; only 50% of the 10,000 survived.
It is actually a very good example of how quickly market can detect signals and respond to it. FDA in this case is purely awarded for being slow. FDA has a very poor history of preventing harmful drugs one has to only look at the list of lawsuites after which the drugs ere taken back from market.