Also it seems the controlling agencies are so worried about making a mistake they try and cover every possible scenario that could possible happen if the drug is approved. This is not possible.
As the saying goes, 'it's impossible to steal second if you have to keep your foot on first'. If you want to progress you have to take some risks.
Kill the FDA -- Before It Kills Again
March 17, 2014
The U.S. Food and Drug Administration's (FDA) drug approval procedures need to be reexamined, says Nick Gillespie, editor-in-chief of Reason.com.
The FDA takes a very conservative approach to granting approval for drugs, meaning that plenty of medicines never make it to the market.
Peter Huber of the Manhattan Institute says that drug-approval procedures need to be completely revamped. "The search for one-dimensional, very simple correlations -- one drug, one clinical effect in all patients -- is horrendously obsolete. The FDA should allow other drugs aimed at other complex diseases to follow the trail that HIV and, to a lesser extent, cancer drugs have already blazed."
Source: Nick Gillespie, "Kill the FDA (Before It Kills Again)," Daily Beast, March 9, 2014.
The FDA takes a very conservative approach to granting approval for drugs, meaning that plenty of medicines never make it to the market.
- FDA procedures are incredibly time-intensive, and new drugs take 10 to 15 years to finally reach the market. The cost? $800 million, on average.
- A study by the Government Accountability Office (GAO) in 2006 found that while drug research and development increased by 147 percent, the number of new drug applications submitted between 1993 and 2004 increased by only 38 percent.
- Why? The GAO cited numerous factors, including "uncertainty regarding regulatory standards for determining whether a drug should be approved," making companies more likely to improve their existing drugs rather than create new ones.
Peter Huber of the Manhattan Institute says that drug-approval procedures need to be completely revamped. "The search for one-dimensional, very simple correlations -- one drug, one clinical effect in all patients -- is horrendously obsolete. The FDA should allow other drugs aimed at other complex diseases to follow the trail that HIV and, to a lesser extent, cancer drugs have already blazed."
Source: Nick Gillespie, "Kill the FDA (Before It Kills Again)," Daily Beast, March 9, 2014.
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