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New drug approvals fall to six-year low

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stcks
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6 rules of successful biotech investing-"RESEARCH, RESEARCH, RESEARCH, PATIENCE, CAPITAL & RESEARCH"

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New drug approvals fall to six-year low Jan 2, 2017 8:57:46 GMT via Tapatalk miamianne67 likes this

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Post by stcks on Jan 2, 2017 8:57:46 GMT

Jan. 2, 2017 3:42 AM• SA Editor Yoel Minkoff

Last year turned out to be a disappointing one for new drug approvals with the FDA clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45.

Several factors led to the decline: Five new drugs that had been scheduled for approval in 2016 ended up winning an early green light at the end of 2015. There was also a decline in drugs being filed for approval and the FDA rejected or delayed more applications in 2016 than in the previous two years.

www.seekingalpha.com/news/3232963

6 rules of successful biotech investing-"RESEARCH, RESEARCH, RESEARCH, PATIENCE, CAPITAL & RESEARCH"

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New drug approvals fall to six-year low

Post by stcks on Jan 2, 2017 8:57:46 GMT

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