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Senior Fellow Benjamin Powell is Interviewed on American Medicine Today Radio on Drug Approvals and the FDA
Recorded: Saturday, December 12, 2015
What is the cost of the long approval process for potentially life-saving drugs by the FDA? The approval process can take up to 12 years and cost $1 billion. But there are other costs. Patients arent able to take drugs that arent approved and they might die or become more ill. Another cost is that a potential drug maker might not want to take the financial risk of taking a drug to market. Powell recommends testing drugs but possibly making drugs "FDA recommended", rather than "FDA approved." Whats needed is competition and markets to help patients and entrepreneurs, says Powell.
Experts: Benjamin W. Powell
Issues: Government Power, Health Care, Public Health/ Consumer Protection, Science
A Gala for Liberty: The Independent Institutes Gala Reception and Dinner
Recorded: Tuesday, September 16, 2008
Download the mp3 file
On September 16, Archbishop Desmond Tutu, actor and director Andy Garcia, and entrepreneur William K. Bowes, Jr. were honored at the Independent Institutes A Gala for Liberty. Each honoree received the Alexis de Tocqueville Award in recognition of their contributions to advancing the ideas and ideals of liberty, entrepreneurship, innovation, and peace.
Experts: George B. N. Ayittey, Michael J. Boskin, William K. Bowes, Jr., Andy Garcia, Archbishop Desmond M. Tutu, Alvaro Vargas Llosa
Type: Independent Institute Event
Issues: Business, Civil Liberties/ Human Rights, Collectivism, Culture/ Society, Democracy, Diplomacy and Foreign Aid, Economic History and Development (International), Free Market Economics, Free Speech, Freedom, Government Power, History (International), Latin America, Political Ideology and Philosophy, Race Issues, Religion, Taxes, Terrorism and National Crises, Trade