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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
What President Obama Should Learn from His Predecessors
Recorded: Tuesday, April 7, 2009
Download the mp3 file
Amid the current economic and financial crises, President Obama may do well to remember the men who have come before him.
Experts: Ivan Eland, Andrew R. Rutten
Type: Independent Institute Event
Issues: Civil Liberties/ Human Rights, Constitutional Law, Culture/ Society, Defense and Foreign Policy, Economic History and Development (U.S.), Economic Policy, Freedom, Government Power, History (U.S), Nationalism, Political Ideology and Philosophy, Politics, Race Issues, Terrorism and National Crises