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FDA Backs Off New Drug Approvals
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After years of non-stop new drug approvals and a few high profile mistakes, such as Vioxx, it seems the FDA is finally slowing down and perhaps considering the safety of the consumer over the tremendous potential profits in the pharmaceutical industry. New drug applications were down 33% in 2006, which also had a clear impact on the number of overall approvals. According to the WSJ Health Blog, “The drug industry has fanned public mistrust by allegedly manipulating clinical data, concealing dangerous side effects and going gangbusters with marketing.” and public mistrust has finally forced the pendulum in the direction of safety rather than profits. Read the full story at The WSJ Health Blog (image source).
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Tags: approval drug fda, approval fda process, big pharma, dangerous side effects, drugs fda, fda, fda approval, fda approvals, fda approved drugs, fda guidelines, fda news, fda registration, new drug approvals, pharmaceutical industry, public mistrust, vioxx
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