Evaluate the pros and cons of FDA Regulation of the Pharmaceutical Industry
Evaluate the pros and cons of FDA regulation of the pharmaceutical industry. To meet the requirements of this discussion activity, you may consider the topic from either of the following perspectives: 1) a specific drug and its impact on patients or on costs, or 2) the costs and benefits of the FDA’s contributions to patient safety.
Drug use and abuse has been a health factor that insinuates many states and industries in the world. As applied in the United States of America, there are more than one relevance and irrelevance of the pharmaceutical regulation use in the world. The pharmaceuticals and healthcare industries remain genuine to the existence and stability of human and environmental health. The rates of demand and supply of the substances together with their use have been subjected to the existence and stability of the human health. Even with the current changes in the FDA regulation of the pharmaceutical industry of the United States of America, there are advantages that are more representative and disadvantageous over the existence and workability of the FDA regulation of the pharmaceutical industry (Higgs, 2005).
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