"According to this source, the FDA's longer approval process prevents 5,000 casualties per year by screening off medications found to be harmful, and causes at least 20,000-120,000 casualties per year just by delaying approval of those beneficial medications that are still developed and eventually approved."
I haven't examined the source or the methodology by which they can come up with these numbers, but it seems to me that an entire category is missing: the number of 'casualties' per year prevented by having a regulatory process at all. How many quacks and scam artists don't bother to bring snake oil medications to market because they... (read more)
Just couldn't let this bit go without comment:
"According to this source, the FDA's longer approval process prevents 5,000 casualties per year by screening off medications found to be harmful, and causes at least 20,000-120,000 casualties per year just by delaying approval of those beneficial medications that are still developed and eventually approved."
I haven't examined the source or the methodology by which they can come up with these numbers, but it seems to me that an entire category is missing: the number of 'casualties' per year prevented by having a regulatory process at all. How many quacks and scam artists don't bother to bring snake oil medications to market because they... (read more)