What's missing is the elephant in the room: all the freebies, the wining and dining, the virtual bribing of doctors,
The problem isn't with the FDA not approving drugs fast enough; it's that the drug industry isn't coming up with enough new drugs.
Public perception caused the FDA and Congress to want more regulations. It's under tremendous pressure for letting the advertising get out of hand.
Public perception caused the FDA and Congress to want more regulations, ... It's under tremendous pressure for letting the advertising get out of hand.
Each reviewer's salary is $100,000 at a rough estimate, so it could pay for a lot of reviewers. That's the biggest problem, the lack of people, and that's what creates the biggest time pressures.
It will never be the old Merck because it will never be the biggest drug company in the world. If it doesn't pull itself together in time, I think it will be a merger.