posted on Jan, 9 2004 @ 12:48 PM
Originally posted by JuanBond
BTW, did you know that the FDA recives quite a bit of their funding from the pharmacitucal industry. The people who supposedly check the saftey and
vallidity of a drug are funded by the ones who made said drug.
this might not be conspiracy, but it is corruption, which is even worse.
Um, of course the drug companies fund the FDA. The cost of getting a drug approved is one of the main issues blocking new drugs AND stopping the
little guy from breaking into the industry. It's extremely costly for the pharmaceudicals to get a drug approved. What people don't automatically
realize when they read that statement is that the FDA is getting a lot of money because of the approval process. When you pay for (legal) drugs,
you're effectively paying the FDA.
Sorry this is a PDF, but it's a good article from berkley (it's a small PDF)
"The average cost of researching, developing, and testing drugs that receive FDA approval is astonishing: $800 million per drug. To recover these
outlays, drug companies must charge high prices during the limited period when they enjoy patent protection against generic competitors."
[Edited on 9-1-2004 by BelowtheRadar]