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What about a Trump FDA would make Theranos successful? Also, we really cant escape a political discussion anywhere can we?
by dopamean 10y ago
What about a Trump FDA would make Theranos successful? Also, we really cant escape a political discussion anywhere can we?
- pm90 10y agoIf the director of the FDA is anti-regulation, pro-drug companies/ in their pockets etc. they would not investigate charges of fraud which would lead to continuance of the fraud. The incoming administration doesn't even need to push through radical new laws/regulation. All it needs to do is to choose not to enforce them, or delay it indefinitely (well at least until the end of their term).
- jameskegel 10y agoI didn't vote for the incoming President-Elect, but even I feel this statement is a bit far reached.
- gmarx 10y agoI know it's a bad idea to engage on this topic on HackerNews but...did you see Trump's press conference in which he says that we need to negotiate drug prices and do something about drug companies going to other countries for tax purposes? Have you seen the stories today about drug and biotech stocks "tanking" as a result?
- pm90 10y agoLets just say its hard to take anything that Trump says seriously, seeing how many times he flip flops on even the most basic issues.
- dopamean 10y agoRight, but that wouldn't change the fact that Theranos' product doesn't work. Their customers would find that out pretty quickly regardless of whether or not a regulator got involved. Were current federal regulators behind that discovery?
- pm90 10y agoThe whole point of regulations to protect consumers is to protect them from spending their money on things that don't work.
- xor1 10y agoMattis' influence, perhaps.