I think step one should be reexamining the Federal regulatory agency that, in the opinion of many people, has gone far past reasonable standards of safety into the overkill zone. It costs hundreds of millions of dollars to bring a drug to market through the regulation morass. Money that comes out of the drug company pockets, and is not refunded if the FDA kills the drug. During the many years of this process, people who might use the drug die, but see, the FDA doesn't get blamed for this like they would if a drug they approved killed somebody. They have everything to gain and nothing to lose by extending the process almost indefinitely.
Thankfully, some essential drugs have been "fast tracked" when it would help a lot of seriously ill people. Wonder why they can't "fast track" all of them.
Step two is to grab as many liability lawyers as you can and throw them down the nearest volcano. It was liability overkill that destroyed the small plane industry--which, by the way, was a major industry in the Midwest--and it's liability overkill that may destroy the drug industry.
Tort reform on many levels would do a lot for our economy.
Current Events » in reply to When the small-plane industry lowers blood pressure for millions and annihilates cancer cells without surgery, let me know.
Some reforms are needed
The whole thread (46 posts)
- Colin Powell reassures India - don't worry about job loss.
- heh heh. . .
- Oh, do you really expect me to believe
- Well, I'm sorry.
- great post, J (n/t)
- Thanks P ;-) (n/t)
- re: don't worry about job loss.
- 10 percent?
- re: don't worry about job loss.
- Only "10 percent". Just "10 percent". Merely "10 percent". (n/t)
- Outsourcing is a minor threat; the real 'culprit' is productvity
- Lemme see if I get this...
- Yeah, great post!
- That is a GREAT point.
- Nope
- re: Nope
- Myth
- Drug companies will never stop R&D, though they may threaten to do so.
- If they can't recoup their investment, then they'll have no choice
- Lemme see if I get this...
- heh heh. . .
