Mercatus Center White Papers

Tue 2 Feb2016

Mercatus Center: The Proper Role of the FDA for the 21st Century

Feb 2 2016|Mercatus Center White Papers|

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The current medical marketplace is vastly different from the marketplace that existed when the basic elements of Food and Drug Administration law were passed. Despite rapidly advancing technology and patients’ increasing desire to try new drugs and devices, the FDA has strayed significantly from the statutorily defined safety and effectiveness standards for drug approvals. The FDA now very often demands proof of clinical utility, including survival and disease outcomes, as a requirement for premarket approval.  Read More…