Initiative Two###Increased transparency & accountability for pharmaceutical companies

Answer

Pharmaceutical companies pay a fee every time they apply for a new drug approval, and this money makes up about 75% of the budget of the Food and Drug Administration’s drug division. That creates a barrier to entry to smaller firms and puts bureaucrats’ purse strings in the hands of the pharmaceutical industry. This crisis is the product of broken incentives. lives. Reforms across the pharmaceutical industry need to be made, such as reforming the Prescription Drug User Fee Act.

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