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URL:  http://boards.fool.com/loosen-fda-regulations-on-drugs-new-medicines-30687507.aspx

Subject:  Re: smaller government, DrB? Date:  5/16/2013  3:17 PM
Author:  Goofyhoofy Number:  423088 of 478176

Loosen FDA regulations on drugs. New medicines should have to only perform as well as old ones, not better.

There is no FDA requirement that drugs have to perform "better than" old ones, indeed, drugs are allowed on the market which do exactly that. However because the approval process is long and costly, companies may not find it economical to undertake the process if their drug is only "as good as" what's already available. That is a different thing, however, and changing it would require having the FDA significantly loosen the approval process all around. That might not be what you really want.
http://www.forbes.com/sites/johnlamattina/2013/05/10/the-fda...

End the War on Drugs