> are completely ignorant of history and basic facts
Sam Peltzman's "Regulation of Pharmaceutical Innovation" does an evaluation of this based on statistics, and concludes that the efficacy requirements are a net negative.
It's not about the FDA scientists being incompetent. It's about the increase in cost is so large that far fewer new treatments are even attempted. Conditions that affect a smaller number of people are simply not worth finding a treatment for.
Sam Peltzman's "Regulation of Pharmaceutical Innovation" does an evaluation of this based on statistics, and concludes that the efficacy requirements are a net negative.
It's not about the FDA scientists being incompetent. It's about the increase in cost is so large that far fewer new treatments are even attempted. Conditions that affect a smaller number of people are simply not worth finding a treatment for.