From Steve Forbes: "But here’s the kicker: Unli
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Posted On: 06/09/2020 11:07:01 PM
From Steve Forbes:
"But here’s the kicker: Unlike the FDA, Singapore asks only that a drug be proven to be safe, not whether it is actually efficacious. Singapore demonstrates that a medicine that doesn’t work as advertised will quickly fail in the marketplace. That was also true in the U.S. until FDA protocols were drastically changed decades ago. Amazingly, and counterintuitively, experience demonstrates that the do-no-harm approach adopted by those non-FDA agencies is as effective and far less costly than what we’ve been doing since the 1960s. The FDA’s immensely rigid, costly, elaborate and time-consuming methods have sent drug prices through the stratosphere, with no overall positive benefit. In fact, they’ve cost the lives of countless thousands of patients desperately waiting for life-saving medicines stuck in the FDA’s bureaucratic maw."
https://www.forbes.com/sites/steveforbes/2020...d5b1b3addb
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"But here’s the kicker: Unlike the FDA, Singapore asks only that a drug be proven to be safe, not whether it is actually efficacious. Singapore demonstrates that a medicine that doesn’t work as advertised will quickly fail in the marketplace. That was also true in the U.S. until FDA protocols were drastically changed decades ago. Amazingly, and counterintuitively, experience demonstrates that the do-no-harm approach adopted by those non-FDA agencies is as effective and far less costly than what we’ve been doing since the 1960s. The FDA’s immensely rigid, costly, elaborate and time-consuming methods have sent drug prices through the stratosphere, with no overall positive benefit. In fact, they’ve cost the lives of countless thousands of patients desperately waiting for life-saving medicines stuck in the FDA’s bureaucratic maw."
https://www.forbes.com/sites/steveforbes/2020...d5b1b3addb
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