Food & Drug Administration
Not what you're looking for?
This discussion is a research activity in which you will evaluate the pros and cons of FDA regulation of the pharmaceutical industry. To meet the requirements of this discussion activity, you may consider the topic from either of the following perspectives: 1) a specific drug and its impact on patients or on costs, or 2) the costs and benefits of the FDA's contributions to patient safety. You must substantiate your response with information from one or more peer-reviewed sources
Purchase this Solution
Solution Summary
The answer to this problem explains pros and cons of FDA regulation of drug industry. The references related to the answer are also included.
Solution Preview
The perspective we choose is the costs and benefits of the FDA's contribution to patient safety.
Pros: The pros of regulation of the pharmaceutical industry bring several benefits to the patient. First, the FDA sets high standards for new drugs, generic drugs, and over the counter drugs. For example, new drugs receive extensive scrutiny before they are approved by the FDA (1). The benefits of safety steps by FDA go to patients. Before approving new drugs, these are required to be testing in laboratory, tested on animals, tested on humans, and the results are examined by FDA experts. if the benefits outweigh ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.