Can a free-to-choose medicine pathway improve patient treatment?
Apr 08, 2024•13 min
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Episode description
The process of obtaining FDA approval for a new drug costs an estimated $1.8 billion and can take up to 15 years. What’s more, only a small percentage of drugs that undergo human clinical trials are approved.
To address this, Bartley J Madden, Research Fellow at the Madden Center for Value Creation at Florida Atlantic University, USA, has developed a free to choose medicine (FTCM) model that is currently being considered by US Congress.
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Read the original research: econjwatch.org/science-on-fda-liberalization
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