The FDA has been in charge of overseein States. One thing that has been discusse

Question

The FDA has been in charge of overseein States. One thing that has been discussed is the question of the expanding advertising of drugs and whether more regulation should occur. What are some of the possible benefits or costs of such regulation? Also, the FDA decides which drugs are allowed to be sold in the US and for what purpose. It is based on the idea of safety and effectiveness needing to be proven. What might be the positives and negatives of this system? 3) g the pharmaceutical market in the United

Explanation / Answer

Possible benefits of the FDA regulation of the pharmaceuticals are;

If any new drug has not been fully established with careful assessment of adverse drug reactions, such regulations can stop the indirect cost that will be incurred due to the administration of drugs which should not have been marketed.

Possible cots of the FDA regulation of the pharmaceuticals are;

At times unnecessary delay in the marketing of the drug that leads to increased cost of the drug.

The positive of this system is obviously ensuring the safety of the end users.

The negative is the fact that at times the drugs are launched late in the market and the period of exclusivity of the patent is reduced leading to increased cost of the drug.

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